Shishu
Up to Rs. 50,000
For very small or early-stage business activities that need a first working-capital or asset purchase.
Government Funding Scheme
Mudra Loan (PMMY)
Collateral-free funding of up to Rs. 20 lakh for micro and small enterprises under the Pradhan Mantri MUDRA Yojana — with structured guidance on category selection, documentation and lender coordination.
Up to Rs. 20 L
Loan Limit
Collateral
Free
4 Categories
Shishu to Tarun Plus
Pan India
Assistance
Understanding PMMY
Finance sized to the stage your business has reached.
The Pradhan Mantri MUDRA Yojana (PMMY) was launched on 8 April 2015 to bring institutional credit to non-corporate, non-farm micro and small enterprises. Rather than a single product, it offers four categories that correspond to the stage of growth an enterprise has reached.
MUDRA itself is a refinancing institution and does not lend directly to entrepreneurs. Loans are accessed through scheduled commercial banks, regional rural banks, small finance banks, NBFCs and micro finance institutions. Sungrowis helps you choose the right category, prepare the documentation and work with a suitable lender.
Right category, first time
Applying under a category that does not match your actual funding need is one of the most common reasons an application stalls. We assess the requirement before anything is submitted.
Sungrowis assistance
Assessment → Category → Documentation → Lender follow-up
Loan Categories
Shishu, Kishor, Tarun and Tarun Plus.
The four PMMY categories signify the stage of growth and development of the enterprise being financed.
Kishor
Above Rs. 50,000 and up to Rs. 5 lakh
For enterprises that need stabilisation, additional working capital or modest expansion.
Tarun
Above Rs. 5 lakh and up to Rs. 10 lakh
For growing enterprises seeking to scale up their operations.
Tarun Plus
Above Rs. 10 lakh and up to Rs. 20 lakh
Introduced in 2024-25 for borrowers who have successfully repaid a previous loan under the Tarun category.
Why Mudra
Built for enterprises without collateral to pledge.
Collateral-Free Finance
Loans under PMMY are collateral-free, with cover available for facilities up to Rs. 20 lakh.
Four Funding Stages
Shishu, Kishor, Tarun and Tarun Plus map to the stage your enterprise has actually reached.
Guarantee Cover
The Credit Guarantee Fund for Micro Units (CGFMU) provides guarantee cover for loans extended under PMMY.
Wide Lender Network
Available through scheduled commercial banks, RRBs, small finance banks, NBFCs and MFIs.
Eligibility
Who can apply for a Mudra loan?
Eligibility depends on the activity being financed, the amount required and the lender's own credit assessment. Our team can review your case before you approach a bank.
Check your eligibilityAny individual with a viable business plan for an income-generating activity can apply.
The scheme covers non-corporate, non-farm micro and small enterprises.
Eligible sectors include manufacturing, trading, services and activities allied to agriculture.
Tarun Plus is available to borrowers who have successfully repaid a previous Tarun category loan.
The applicant must meet the credit assessment requirements of the participating lending institution.
Final eligibility and sanction remain subject to the applicable PMMY guidelines and the lender's appraisal.
Documentation
Prepare the right documents.
The final checklist varies by lender, category and the nature of the activity being financed. These are the documents commonly requested during a Mudra application.
We review your documentation before submission to help reduce avoidable errors and missing-information issues.
01Aadhaar Card / identity proof
02PAN Card
03Address proof
04Passport-size photographs
05Business address and vintage proof, where applicable
06Quotation for machinery or assets to be purchased
07Bank statements for the applicable period
08Business plan or project report
09Category certificate, where applicable
10Proof of repayment of the earlier loan, for Tarun Plus applications
Our Process
From assessment to disbursement support.
01
Free Eligibility Assessment
We review your activity, funding requirement and stage of business to identify which PMMY category may suit you.
02
Category & Lender Mapping
We help you match the right category — Shishu, Kishor, Tarun or Tarun Plus — with a suitable participating lender.
03
Documentation & Project Report
Our team helps assemble the document set and prepare a project report that reflects realistic financial assumptions.
04
Application & Bank Coordination
We assist with submission, clarification requests and follow-ups during the lender's appraisal stage.
05
Sanction & Disbursement Support
Once the application progresses, we continue supporting you through the sanction and disbursement formalities.
Suitable Businesses
Activities covered under PMMY.
Vendors & Shopkeepers
Vendors, traders and shopkeepers financing stock, working capital or shop improvements.
Manufacturing & Services
Non-corporate, non-farm micro and small enterprises in manufacturing and the service sector.
Transport Vehicles
Purchase of transport vehicles used for income-generating business activity.
Agri-Allied Activities
Activities allied to agriculture that generate non-farm income.
Frequently Asked Questions
Mudra loan questions, answered.
What is the Mudra loan scheme?+
Pradhan Mantri MUDRA Yojana (PMMY) was launched on 8 April 2015 to provide finance to non-corporate, non-farm micro and small enterprises. Loans are offered in four categories according to the stage of growth the enterprise has reached.
How much can I borrow under a Mudra loan?+
Shishu covers loans up to Rs. 50,000, Kishor covers above Rs. 50,000 and up to Rs. 5 lakh, Tarun covers above Rs. 5 lakh and up to Rs. 10 lakh, and Tarun Plus covers above Rs. 10 lakh and up to Rs. 20 lakh. The amount actually sanctioned depends on the lender's assessment of your proposal.
Is a Mudra loan collateral-free?+
Yes. Loans under PMMY are collateral-free, and the Credit Guarantee Fund for Micro Units (CGFMU) provides guarantee cover to the lending institution for loans extended under the scheme.
Who is eligible for Tarun Plus?+
Tarun Plus was introduced in 2024-25, effective from 24 October 2024, for borrowers who have successfully repaid a previous loan availed under the Tarun category.
Does MUDRA lend directly to borrowers?+
No. MUDRA operates as a refinancing institution. Loans are accessed through scheduled commercial banks, regional rural banks, small finance banks, NBFCs and micro finance institutions.
Which businesses can apply?+
Income-generating activities in manufacturing, trading and services, as well as activities allied to agriculture, are covered. This includes vendors, traders and shopkeepers, equipment purchases and transport vehicles used for business.
Can Sungrowis guarantee that my Mudra loan will be approved?+
No. Appraisal, sanction and disbursement decisions rest entirely with the participating lending institution and are subject to the applicable PMMY guidelines. Sungrowis provides professional application and documentation assistance.
Start With Clarity
Not sure which Mudra category fits?
Share your business requirement with Sungrowis. Our team can help you identify the right PMMY category, prepare the documentation and approach a suitable lender.
Disclaimer: Mudra loan eligibility, category limits, appraisal, sanction and disbursement are subject to the applicable PMMY guidelines and the decision of the participating lending institution. Scheme details stated here reflect Government of India releases and may be revised. Sungrowis does not guarantee loan approval.