How to apply for mudra loan scheme

To apply for a Mudra loan under the Pradhan Mantri Mudra Yojana (PMMY), you can follow these steps:

• Identify a lender: Approach any public or private sector bank, Regional Rural Bank (RRB), Small Finance Bank, or Micro Finance Institution (MFI) that participates in the PMMY scheme.
• Application mode: You can apply offline by visiting a local branch or online through the official Udyami Mitra portal or the lender's website.
• Documentation: Submit a completed application form along with identity proof (Aadhaar/PAN), address proof, and a detailed business plan.
• Verification: The bank will process your request and disburse the amount after successful verification.