About Scheme

PMMY is a flagship scheme facilitating micro credit/loans up to Rs. 20 lakhs to income-generating micro enterprises in the non-farm sector, including activities allied to agriculture such as poultry, dairy, and beekeeping.

Details

Loans are provided through Member Lending Institutions (MLIs) including public/private sector banks, cooperative banks, MFIs, NBFCs, and Small Finance Banks. The scheme has four categories: Shishu, Kishore, Tarun, and Tarun Plus based on loan size and enterprise stage.

Key Features

• Micro Credit Facilitation
• Loans up to ₹20 lakh
• No Middlemen/Agents
• Multiple Loan Categories
• All India Coverage

Eligibility

Eligible borrowers include Individuals, Proprietary concerns, Partnership Firms, Private Ltd. Companies, Public Companies, and other legal entities. Must have satisfactory credit history and relevant skills/experience.

Benefits

Loans categorized as: Shishu (up to ₹50,000), Kishore (₹50,001–₹5 lakh), Tarun (₹5,00,001–₹10 lakh), Tarun Plus (up to ₹20 lakh).

Application Process

Online: Apply via PMMY official website/Udyamimitra portal https://udyamimitra.in/. Register as New/Existing Entrepreneur or Self-employed Professional, fill personal, business, and financial details, select loan category, attach required documents, and submit application to generate Application Number.

Documents Required

For Shishu Loan: Proof of Identity, Address Proof, Applicant Photo, Quotation of Machinery/Items, Proof of Business Identity/Address. For Kishore/Tarun/Tarun Plus: ID Proof, Address Proof, Applicant Photo, Business licenses/registration, Bank statements, Balance sheets, Project report, Memorandum/Articles of Association, Asset & Liability statement.