Guarantee/Safety Not Required! There is no fixed minimum loan amount. The maximum loan amount is up to ₹ 10 lakh. The payment term ranges from 12 months to 5 years.
*= Mudra Loans can be availed mainly by shopkeepers, traders, vendors, and MSMEs working in manufacturing, trading and service sectors.
*= All non-agricultural businesses, meaning small businesses engaged in income generating activities can avail Mudra Loan!