Check Mudra loan eligibility free using PMMY guidelines. Estimate EMI, pick your category (Shishu to Tarun Plus) & get a docs checklist. No login.
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Check Mudra loan eligibility instantly. Covers Shishu (₹50K), Kishor (₹5L) & Tarun (₹10L) categories. Documents, interest rates & EMI guide included. Free, no login needed.
The Mudra Loan Eligibility Checker on Toolisky is a free, browser-based tool that assesses your PMMY eligibility in under two minutes. You enter your business details, age, requested loan amount, and a few other inputs — the tool maps your profile against the official PMMY scheme guidelines, tells you which loan category you fall under, estimates your monthly EMI, and generates a personalised document checklist.
Unlike bank websites that route you to a branch or an application form, this tool gives you an educational snapshot first — so you know whether you're likely to qualify before spending time at a bank counter. It's especially useful for first-time borrowers who want to understand the scheme before approaching lenders.
Go to toolisky.com/mudra-loan-eligibility-checker. No signup, no app install — it loads instantly in any browser on mobile or desktop.
Select your business type (manufacturing, trading, services), whether you're starting new or expanding, and your approximate monthly income. This determines which PMMY category your loan falls under.
Type the amount you need — anywhere from ₹10,000 to ₹20 lakh. The tool automatically assigns the correct category: Shishu (up to ₹50,000), Kishor (up to ₹5 lakh), Tarun (up to ₹10 lakh), or Tarun Plus (up to ₹20 lakh).
The tool shows you a preliminary eligibility verdict, the loan category you qualify for, a typical interest rate range, and your estimated monthly EMI at 3, 4, and 5-year tenures.
Based on your inputs, the tool generates a tailored documents checklist. Print or screenshot it, then visit a bank branch or apply online through Udyami Mitra or Jan Samarth.
The Pradhan Mantri Mudra Yojana (PMMY) was launched by the Government of India in April 2015 under the Micro Units Development and Refinance Agency (MUDRA). MUDRA is a wholly-owned subsidiary of SIDBI, refinancing lenders who disburse loans to micro enterprises under PMMY.
The scheme provides collateral-free loans from ₹50,000 to ₹20 lakh to non-farm micro and small businesses — covering manufacturing, trading, and service sectors. Loans are backed by the Credit Guarantee Fund for Micro Units (CGFMU) so lenders cannot demand collateral or third-party guarantors.
As of FY 2024–25, PMMY has disbursed over ₹27 lakh crore across more than 50 crore accounts since launch. Roughly 68% of beneficiaries are women, and over 50% belong to SC/ST/OBC communities — making it India's largest micro-lending programme.
For your MSME classification under UDYAM, use the MSME classification calculator on Toolisky before you apply — knowing your category helps you pick the right lender and avoid document surprises.
| Category | Loan amount | CIBIL needed? | Typical rate | Repayment tenure |
|---|---|---|---|---|
| Shishu | Up to ₹50,000 | No | 8.5–10% | 3–5 years |
| Kishor | ₹50,001–₹5 lakh | Preferred (650+) | 9–11% | 3–5 years |
| Tarun | ₹5–₹10 lakh | Yes (660+) | 10–12% | 3–7 years |
| Tarun Plus | ₹10–₹20 lakh | Yes (700+) | 10–12% | 5–7 years |
There is no processing fee for Shishu loans under most public sector banks. For Kishor and above, a marginal fee (0.5%–1% of loan amount) may apply depending on the lender.
The core eligibility requirements are set by MUDRA and apply across all four categories, with some additional conditions for higher loan amounts.
Indian citizen, age 18–65, with a non-farm income-generating activity. No existing loan default on any bank account. Valid Aadhaar linked to mobile number and PAN.
Proprietorships, partnerships, private limited companies, self-help groups, and joint liability groups. UDYAM registration is preferred. Must not be classified as NPA on any existing loan.
The mudra loan age limit is 18 to 65 years across all four categories — Shishu, Kishor, Tarun, and Tarun Plus. There is no relaxation for senior citizens above 65 under PMMY guidelines.
PMMY covers non-farm income-generating micro enterprises: manufacturing, trading (kirana, garments, hardware), services (salons, tailoring, photography, tutoring, repair shops, food stalls), transport (auto-rickshaw, e-rickshaw, taxi), and allied agricultural activities (animal husbandry, poultry, dairy, food processing, fisheries). Direct crop cultivation is excluded.
Both are eligible. New businesses can apply for Shishu and Kishor category loans. A business plan helps significantly for new applicants. Existing businesses with a track record of deposits qualify more easily for higher amounts.
If you have an existing loan that is classified as a Non-Performing Asset (NPA) at any bank, you will be ineligible until the account is resolved. Check your CIBIL report at CIBIL's official site before applying to avoid rejection.
Submitting the right documents on day one is the single biggest factor in approval speed. Incomplete files are the most common reason for delays of 4–8 extra weeks.
The Toolisky Mudra Loan Checker includes a built-in EMI calculator. Here are representative figures using standard MCLR-linked rates to give you a starting point:
| Loan amount | Rate (p.a.) | 3-year EMI | 5-year EMI |
|---|---|---|---|
| ₹50,000 (Shishu) | 10% | ₹1,613/mo | ₹1,062/mo |
| ₹2,50,000 (Kishor) | 10.5% | ₹8,122/mo | ₹5,372/mo |
| ₹5,00,000 (Kishor max) | 11% | ₹16,370/mo | ₹10,871/mo |
| ₹7,50,000 (Tarun) | 11.5% | ₹24,719/mo | ₹16,501/mo |
| ₹10,00,000 (Tarun max) | 12% | ₹33,214/mo | ₹22,244/mo |
| ₹15,00,000 (Tarun Plus) | 11.5% | ₹49,438/mo | ₹33,002/mo |
These are indicative estimates. Your actual rate depends on your bank, credit history, and prevailing MCLR. The Toolisky checker adjusts these in real time as you enter your inputs. There is no prepayment penalty under PMMY — you can close your loan early without charges.
For salaried co-applicants wanting to understand income-to-EMI ratio before applying, the salary tax calculator shows your net take-home pay against these monthly obligations.
There are three official channels. You do not need to pay any agent or middleman — the process is free.
udyamimitra.in — the primary PMMY portal. Register, upload documents, apply to multiple banks at once, and track status. Best for Kishor and Tarun loans.
jansamarth.in — aggregates all government credit schemes including PMMY. Pre-filled eligibility check, single application form, 11+ lenders. Fastest for first-time applicants.
SBI, Bank of Baroda, Canara Bank, Bank of India, Union Bank, PNB, Axis, HDFC, Kotak, IDBI, and all major RRBs offer PMMY loans. Apply via the bank's app or branch.
Microfinance institutions like Bandhan, Ujjivan, and NBFCs like Bajaj Finserv also disburse Mudra loans — often faster for Shishu amounts, with less paperwork.
| Category | Complete documents | Incomplete documents |
|---|---|---|
| Shishu | 2–3 weeks | 6–10 weeks |
| Kishor | 3–4 weeks | 8–12 weeks |
| Tarun | 4–5 weeks | 10–16 weeks |
| Tarun Plus | 4–6 weeks | 12–20 weeks |
Banks are required by RBI guidelines to process PMMY applications within 30 days of receipt of complete documentation. If your application stalls, you can raise a complaint through the RBI Complaint Management System.
The RBI mandates that banks meet sub-targets for lending to women-led micro enterprises. As of FY 2025–26, women account for approximately 68% of all PMMY disbursements. Key benefits:
This is one of PMMY's most important design features. Shishu category loans are specifically built for first-time borrowers with zero credit history. Banks assess these applications through:
PMMY carries sub-targets for lending to Scheduled Castes, Scheduled Tribes, and Other Backward Classes. Lenders are required to track and report these disbursements to MUDRA annually. Practical benefits include:
Carry your caste certificate (issued by a competent authority) alongside your standard PMMY documents. See the ESIC eligibility checker if your business also has employees — ESIC registration strengthens your compliance profile when applying for larger Tarun loans.
PMMY covers nearly all non-farm micro-enterprise activities. Here are the most common categories and their typical loan amounts:
| Business type | Typical amount | Best category |
|---|---|---|
| Kirana / grocery store | ₹50,000–₹2 lakh | Shishu / Kishor |
| Beauty parlour / salon | ₹50,000–₹3 lakh | Shishu / Kishor |
| Auto-rickshaw / e-rickshaw | ₹1–₹3 lakh | Kishor |
| Tailoring / garment unit | ₹50,000–₹5 lakh | Shishu / Kishor |
| Food processing / catering | ₹1–₹7 lakh | Kishor / Tarun |
| Poultry / dairy farm | ₹1–₹5 lakh | Kishor |
| Small manufacturing unit | ₹3–₹10 lakh | Tarun |
| Coaching classes / tutoring | ₹50,000–₹3 lakh | Shishu / Kishor |
| Medical store / pharmacy | ₹2–₹7 lakh | Kishor / Tarun |
| Transport (taxi/cab) | ₹3–₹10 lakh | Tarun |
Businesses not covered: direct crop cultivation, speculative activity (stock market trading), real estate development, and businesses of religious or political nature.
Built on official standards and verified by certified professionals
Last Updated: 6 April 2026
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