How to apply mudra loan

To apply for a Mudra loan under the PMMY scheme, you can follow these steps:

• Visit a nearby public or private sector bank, Regional Rural Bank (RRB), NBFC, or Micro Finance Institution (MFI).
• Fill out the application form for the relevant category: Shishu, Kishor, or Tarun.
• Submit required documents, including identity proof, address proof, and a business plan.
• Alternatively, apply online through the official Udyami Mitra portal at udyamimitra.in.

Once your application and business plan are verified and approved, the loan amount will be disbursed directly to your bank account.