How to get mudra loan for new business

To get a Mudra loan for a new business under the Pradhan Mantri Mudra Yojana (PMMY), you can apply through the official Udyami Mitra portal or visit any public or private sector bank, NBFC, or MFI.

• Select a category: Shishu (up to ₹50,000) is best for startups, while Kishore and Tarun offer higher amounts.
• Submit the application with your business plan, ID proof, and address proof.
• Ensure the business belongs to the non-farm sector.

These loans are collateral-free and support various manufacturing, trading, and service activities.