Central
₹10L–1Cr
Stand-Up India
Bank loans of ₹10 lakh to ₹1 crore for SC/ST and women entrepreneurs starting a new business.
Central Government Scheme
· Active · Mumbai
Pradhan Mantri Mudra
Yojana (PMMY)
PMMY provides collateral-free loans up to ₹20 lakh to non-corporate, non-farm micro and small enterprises, structured into four graded tiers — Shishu, Kishor, Tarun, and Tarun Plus — based on the business's stage of growth. Apply now in Mumbai with expert guidance from Varahii Consultancy.
Shishu: Up to ₹50,000
Kishor: ₹50,001 – ₹5 lakh
Tarun: ₹5 lakh – ₹10 lakh
Tarun Plus: ₹10 lakh – ₹20 lakh (for repeat Tarun borrowers)
Collateral: Not required
Status: Active
City: Mumbai
57.79 Cr+
Loans Sanctioned
₹40.07 L Cr+
Total Disbursed
67 %
Women Borrowers
₹20 L
Max Loan (Tarun Plus)
What is Pradhan Mantri Mudra Yojana (PMMY)?
PMMY provides collateral-free loans up to ₹20 lakh to non-corporate, non-farm micro and small enterprises, structured into four graded tiers — Shishu, Kishor, Tarun, and Tarun Plus — based on the business's stage of growth.
Many applicants in Mumbai lose weeks to incomplete paperwork or missed eligibility steps. Our team in Mumbai reviews your case first, so you only submit once everything is in order.
Objective: To fund the unfunded by extending formal, collateral-free credit to micro and small business owners who have traditionally relied on informal moneylenders.
Who is this for in Mumbai?
Micro and small business owners in manufacturing, trading, or services
Allied agricultural activity operators (dairy, poultry, beekeeping, fisheries)
First-time entrepreneurs without a formal credit history
Women entrepreneurs (eligible for an additional 25 bps interest concession via MFIs/NBFCs)
Scheme Categories / Tiers
Shishu
Up to ₹50,000
Shishu (Infant stage)
For entrepreneurs just starting out, covering initial setup costs like raw materials and basic tools.
- First-time street vendors
- New tailoring units
- Small grocery shops
Kishor
₹50,001 – ₹5 lakh
Kishor (Adolescent stage)
For businesses that have started operating and need funds to establish themselves further.
- Expanding a small manufacturing unit
- Adding inventory for a retail shop
- Buying additional equipment
Tarun
₹5 lakh – ₹10 lakh
Tarun (Youth stage)
For established businesses with a credit history, looking for larger expansion capital.
- Scaling up a manufacturing line
- Opening a second outlet
- Major equipment purchase
Tarun Plus
₹10 lakh – ₹20 lakh
Tarun Plus
The highest tier, reserved for high-performing repeat borrowers who have successfully repaid a Tarun loan.
- Scaling a proven manufacturing business
- Major capacity expansion
| Category | Loan Range | Typical Interest | Approval Time | Documents Needed |
|---|---|---|---|---|
| Shishu | Up to ₹50,000 | 9-12% p.a. | 7-10 working days | Minimal — ID, address, business proof |
| Kishor | ₹50,001 – ₹5 lakh | 8.6%+ p.a. | 2-3 weeks | ID, address, business proof, project report |
| Tarun | ₹5 lakh – ₹10 lakh | 11.15-20% p.a. | 3-4 weeks | ID, address, ITR, detailed business plan |
| Tarun Plus | ₹10 lakh – ₹20 lakh | 11.15-20% p.a. | 3-4 weeks | Prior Tarun repayment record, ITR, business plan |
Eligibility Criteria – Mumbai
To apply for Pradhan Mantri Mudra Yojana (PMMY) Mumbai, applicants must meet the following conditions:
Citizenship: Indian citizen with a viable, income-generating business plan
Business Type: Non-corporate, non-farm micro/small enterprise — manufacturing, trading, services, or allied agricultural activities
Loan Band: Requested amount must fall within the Shishu/Kishor/Tarun band (up to ₹10 lakh), or Tarun Plus (₹10-20 lakh) if a prior Tarun loan was fully repaid
Credit History: Basic KYC required; a clean or explainable credit history strengthens Kishor/Tarun applications
Not Eligible: Corporate entities and large enterprises outside MSME norms, Direct crop loans or land improvement activities (covered instead under Kisan Credit Card), First-time applicants directly applying for Tarun Plus without a prior repaid Tarun loan
Who is NOT Eligible
Corporate entities and large enterprises outside MSME norms
Direct crop loans or land improvement activities (covered instead under Kisan Credit Card)
First-time applicants directly applying for Tarun Plus without a prior repaid Tarun loan
Benefits for Mumbai Applicants
Eligible applicants Mumbai can receive the following benefits under Pradhan Mantri Mudra Yojana (PMMY):
| Benefit | Details |
|---|---|
| Loan Amount | Up to ₹20 lakh across four tiers (Shishu, Kishor, Tarun, Tarun Plus) |
| Collateral | Not required — covered under the Credit Guarantee Fund for Micro Units (CGFMU) |
| Mudra Card | RuPay debit card issued for the working capital portion, allowing flexible drawdown |
| Processing Fee | Nil for Shishu loans; nominal (~0.5%) for Kishor and Tarun loans at most public banks |
| Interest Rate | Lender-determined, typically 9-13% p.a. at public sector banks for Shishu/Kishor; 11-20% p.a. for Tarun/Tarun Plus depending on profile |
| Women Concession | Additional 25 bps interest rate reduction offered by MFIs/NBFCs lending to women entrepreneurs |
Documents Required
Keep the following documents ready before applying Mumbai. Having them prepared speeds up approval significantly.
Identity & Address Proof
| Document Type | Accepted / Details |
|---|---|
| Aadhaar card | |
| PAN card | |
| Voter ID or passport | |
| Recent utility bill (within 2 months) |
Business Proof
| Document Type | Accepted / Details |
|---|---|
| Udyam Registration certificate | |
| GST registration (if applicable) | |
| Trade license |
Financial Documents
| Document Type | Accepted / Details |
|---|---|
| Last 6 months' bank statement | |
| Income Tax Returns (mandatory for Tarun and Tarun Plus) |
Project Documents
| Document Type | Accepted / Details |
|---|---|
| Detailed business plan/project report (mandatory for Kishor, Tarun and Tarun Plus) | |
| Two recent passport-size photographs |
Pro tip: Register on Udyam Portal before applying. It strengthens your application and may unlock additional MSME benefits.
How to Apply in Mumbai
Follow these steps to apply for Pradhan Mantri Mudra Yojana (PMMY) Mumbai:
Whether you're a first-time applicant or reapplying after a previous rejection, our team in Mumbai can guide you through every step of Pradhan Mantri Mudra Yojana (PMMY) — from checking the latest eligibility criteria to preparing documents in the exact format the sanctioning authority expects.
1
Choose your loan category
Identify whether your funding need fits Shishu, Kishor, Tarun, or Tarun Plus.
2
Apply via JanSamarth or UdyamiMitra portal
Register online and fill in business activity, loan category, and amount required.
3
Upload documents
Submit identity, address, business, and financial documents as applicable to your category.
4
Compare lender offers
The portal shows available banks/NBFCs with their interest rate offers for in-principle digital approval.
5
Branch verification
Visit the selected bank branch with original documents for final verification.
6
Loan disbursal
On sanction, funds are disbursed along with a RuPay Mudra Card for working capital drawdown.
Online Portal: You can apply directly at https://www.jansamarth.in. Varahii's consultants can guide you through every step.
Coverage & Limits
| Parameter | Details |
|---|---|
| Shishu | Up to ₹50,000 — fastest approval, typically 7-10 working days |
| Kishor | ₹50,001 to ₹5 lakh — approval in 2-3 weeks |
| Tarun | ₹5 lakh to ₹10 lakh — approval in 3-4 weeks |
| Tarun Plus | ₹10 lakh to ₹20 lakh — only for entrepreneurs who repaid a prior Tarun loan |
| Repayment Tenure | 3 months to 7 years depending on lender and loan type |
Applying for Pradhan Mantri Mudra Yojana (PMMY) in Mumbai
Pradhan Mantri Mudra Yojana (PMMY) is available to entrepreneurs and individuals across Mumbai. Whether you are based in the urban core or surrounding areas of Mumbai, you can approach any participating bank, NBFC, or Microfinance Institution to begin your application.
Varahii Consultancy has helped hundreds of applicants Mumbai successfully complete their Pradhan Mantri Mudra Yojana (PMMY) applications — from document preparation to follow-up with the sanctioning authority.
Varahii in Mumbai: Our local advisors understand the specific requirements of Mumbai branches and can help you choose the right lender or government office for faster processing.
Industry & Entrepreneurship Landscape in Mumbai
Mumbai's small-business economy is shaped in large part by automotive components, engineering goods, textiles, and IT services, sectors that account for a significant share of local MSME and entrepreneurial activity. Maharashtra leads the country in MSME registrations, with industrial clusters around Mumbai, Pune, Nashik, and Nagpur driving sustained growth in manufacturing and services.
Among individual entrepreneurs in Mumbai, current trends show a sharp rise in first-time entrepreneurs in services and light manufacturing, alongside established export-oriented units. This shift is directly relevant to Pradhan Mantri Mudra Yojana (PMMY) applicants, since lenders and sanctioning authorities increasingly favour Udyam-registered, formally documented businesses when reviewing applications.
Banking & credit access in Mumbai: Applicants typically work with SBI, Bank of Maharashtra, Union Bank, and a dense network of private and cooperative banks when applying for government-linked schemes, alongside NBFCs and microfinance institutions for smaller ticket sizes.
Why Varahii Is Among the Best Pradhan Mantri Mudra Yojana (PMMY) Consultants in Mumbai
Choosing the right consultant for Pradhan Mantri Mudra Yojana (PMMY) in Mumbai can be the difference between a smooth approval and months of avoidable delay. Varahii Consultancy has built a reputation in Mumbai and across India for handling government scheme and MSME loan applications end-to-end — not just advising, but actively preparing documentation, tracking application status, and following up with the relevant department or bank until a decision is reached.
Specialised, up-to-date knowledge of Pradhan Mantri Mudra Yojana (PMMY) eligibility and documentation requirements in Mumbai
End-to-end application support — not just advice — from document prep to final follow-up
Familiarity with local banks, NBFCs, and government offices in Mumbai
Transparent process with no hidden fees and a free initial eligibility check
Varahii in Mumbai: If you're evaluating Pradhan Mantri Mudra Yojana (PMMY) options in Mumbai, our consultants can give you a realistic eligibility assessment before you commit any paperwork — most consultations start with a free review of your specific situation.
Important Dates
| Milestone | Date / Status |
|---|---|
| Scheme Launched | 8 April 2015 |
| Tarun Plus Introduced | Union Budget 2024-25 |
| Cumulative Progress | 57.79+ crore loans sanctioned worth ₹40.07+ lakh crore; 67% to women borrowers |
Contact & Support
| Channel | Details |
|---|---|
| Refinancing Agency | MUDRA (does not lend directly — works through banks, NBFCs, MFIs) |
| Portal | udyamimitra.in / jansamarth.in |
Frequently Asked Questions
Up to ₹20 lakh under the Tarun Plus category, available only to entrepreneurs who have fully repaid a prior Tarun loan. First-time borrowers are capped at ₹10 lakh (Tarun).
No. All Mudra loans across Shishu, Kishor, Tarun, and Tarun Plus categories are collateral-free, backed by the Credit Guarantee Fund for Micro Units (CGFMU).
They represent loan size tiers based on business maturity: Shishu (up to ₹50,000) for starting out, Kishor (₹50,001-5 lakh) for established but growing businesses, and Tarun (₹5-10 lakh) for further expansion.
Tarun Plus is a higher tier (₹10-20 lakh) introduced in the 2024-25 Budget, available only to entrepreneurs who have already taken and successfully repaid a Tarun loan.
Direct crop loans are not covered, but allied agricultural activities like dairy, poultry, beekeeping, and fisheries are eligible under Mudra.
Related topics: Shishu loan Kishor loan Tarun loan collateral-free micro business MUDRA card Mumbai
Ready to Apply for Pradhan Mantri Mudra Yojana (PMMY) in Mumbai?
Varahii's verified consultants handle everything — eligibility check, document preparation, application filing, and follow-up with Mumbai authorities. 100% free initial consultation.