Mudra Loan Eligibility Checker

Quick Mudra Loan Examples

Try these sample scenarios to see how different loan categories and amounts work:

Shishu — ₹30,000

New retail shop — EMI: ₹920/month

Kishor — ₹2,50,000

Shop expansion — EMI: ₹5,300/month

Tarun — ₹7,50,000

Manufacturing facility — EMI: ₹15,900/month

Tarun Plus — ₹15,00,000

Business scaling — EMI: ₹31,800/month

What This Tool Does & Doesn't Do

What It Does

→Checks preliminary eligibility based on PMMY guidelines
→Suggests appropriate loan category for your amount
→Calculates estimated EMI with standard interest rates
→Shows required documentation checklist
→Explains application process and approval timeline
→Provides information about interest rates and terms

What It Doesn't Do

×Guarantee actual loan approval from any bank
×Provide official bank quotes or offers
×Predict specific interest rates for your profile
×Act as official government or RBI verification
×Assess creditworthiness or credit score
×Provide financial or investment advice

Tip: Use this tool to understand PMMY eligibility and loan categories. For an actual loan application, contact banks directly and provide complete documentation. Banks make the final approval decision.

Understanding Mudra Loan Eligibility

Learn more about Mudra loans, eligibility criteria, required documents, and the application process.

What is a Mudra Loan? (Definition & PMMY Overview)

Four Loan Categories: Shishu, Kishor, Tarun, and Tarun Plus

PMMY Eligibility Criteria: Who Can Apply

Women Entrepreneurs: Priority Sector Lending Benefits

Interest Rates and EMI: Understanding True Loan Costs

Required Documentation: Mudra Loan Eligibility Documents

Application Process: From Submission to Disbursement

Key Approval Factors: What Banks Actually Evaluate

SC/ST/OBC Priority Sector Lending: Understanding Your Advantages

Real Application Examples: Different Borrower Scenarios

Privacy and Data Protection

This tool processes everything in your browser. Your personal information and responses never leave your device.

✓Client-side processing: All calculations happen locally in your browser

✓No data storage: We don't save or collect your inputs or results

✓No logging: Your search history and tool usage is not tracked

✓No tracking: We don't use analytics or tracking pixels to monitor you

✓No login required: Use anonymously, no account or registration needed

✓HTTPS secure: Website uses encryption for your safety

Since all processing happens on your device, your personal information never leaves your computer. No third parties have access to your data.

Disclaimer

This is an Educational Tool Only

This calculator is an independent educational resource designed to help understand PMMY guidelines and eligibility. It is not affiliated with any bank, government agency, RBI, or Ministry of Finance. This is not an official tool.

No Guaranteed Approval

This tool provides indicative guidance only based on public information. Actual loan approval decisions rest entirely with individual banks. No tool can predict loan approval outcomes. Banks have full discretion in lending decisions.

Estimates Are Approximations

Interest rates shown are representative industry averages. Your actual rate will depend on bank assessment, your profile, market conditions, and specific negotiations. EMI calculations are estimates; actual amounts may differ.

Not Bank-Specific Information

Different banks have different requirements, processing timelines, interest rates, and policies. Always verify current information directly with your chosen bank. Terms shown here are general guidelines only.

Not Financial or Legal Advice

This tool is informational only. It does not constitute financial advice, legal advice, or formal guidance. For important decisions, consult qualified professionals including financial advisors, chartered accountants, or bank representatives.

Not Government or RBI Verification

For official verification of PMMY guidelines, interest rates, or regulatory requirements, consult official sources: Ministry of Finance website, RBI circulars, or CGTMSE official website.

Limited Accuracy of Database

Information provided about loan categories, benefits, and typical requirements is based on publicly available guidelines. However, scheme details, bank policies, and government guidelines may change. Verify latest information directly.

No Liability

We are not responsible for errors, losses, damages, or issues resulting from using this tool. Use at your own risk. Always verify critical information with your bank and official sources.

Important: For actual loan application, interest rates, approval decisions, and terms, contact your bank directly. Banks will conduct their own assessment and provide official information. This tool is only for understanding the scheme, not for making final decisions.

Frequently Asked Questions

What is the Mudra loan eligibility criteria for first-time applicants?

First-time applicants must be Indian citizens aged 18–65, running or planning to run a micro-enterprise (non-farm). You need a bank account, Aadhaar, PAN, address proof, and ideally a UDYAM registration. No CIBIL score is required for new borrowers — banks assess eligibility through business viability and bank statement consistency instead.

What is the age limit for a Mudra loan?

The Mudra loan age limit is 18 to 65 years. This applies uniformly across all four categories — Shishu, Kishor, Tarun, and Tarun Plus. Applicants outside this range are not eligible under the PMMY scheme guidelines.

Can I get a Mudra loan without a CIBIL score?

Yes. PMMY explicitly welcomes first-time borrowers without a credit history. You will need to demonstrate business viability through other means — regular bank deposits over 3–6 months, a business registration like UDYAM or GST, and a clear business plan. Many successful Shishu borrowers have no prior credit record at all.

What documents are required for Mudra loan eligibility?

Core documents include Aadhaar, PAN, address proof, 6 months of bank statements, and a business registration certificate (UDYAM, GST, or trade licence). For Kishor and Tarun loans, you will also need 12 months of statements, income tax returns or GST filings, and a business plan. Submitting a complete set from day one significantly speeds up processing.

Is a Mudra loan available for women entrepreneurs?

Yes, and women get priority processing. Banks are required by RBI regulation to meet lending targets for women-led enterprises, so applications are actively prioritised. Processing is typically 15–20 days versus 20–25 days for general applicants, and some banks offer 0.25%–0.5% interest rate reductions. Ensure the business is in the woman's name when applying.

What is the fastest Mudra loan category to get approved?

Shishu loans (up to ₹50,000) are the fastest — typically approved in 2–3 weeks because the amount is smaller and verification is simpler. Tarun Plus can also be quick (2–3 weeks) for repeat borrowers with a clean repayment record. Documentation completeness matters more than the category — even a Kishor loan can stall for weeks if paperwork is incomplete.