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Mudra Loan Eligibility Criteria (Rules) | Who Can Apply For Mudra Loan

Mudra Loan Eligibility Criteria | Who Can Apply For Mudra Loan

  • Citizenship: You have to be a citizen of India in order to take part in this scheme. It is open to all citizens who adhere to the below mentioned norms.
  • Small business owners: If you are a small business owner, this means that if you are a truck operator, shopkeeper, vegetable vendor, artisan, etc. you are eligible for this scheme.
  • All non corporate entities: Corporate firms and personnel are not eligible to take loan under the Mudra scheme. But it is open to all non corporate entities.
  • Age limit: The age limit for participating in this scheme has been set between 23 and 28 years. Also, when the loan matures, the person should not have attained more than 65 years of age.
  • Income limit: This scheme is applicable for people who have average monthly income between Rs. 17000 and Rs. 15 lakh. You can also have income in this range as an annual turnover.The minimum amount described as profit should be Rs. 1 lakh per year after paying taxes. For self-employed persons or proprietorship owners, the same should not exceed Rs. 2 lakh.
  • Occupational stability: If you are a salaried individual, then the minimum o years you have been in the workforce should be of 2 years. In case you have your own business, then should have done a stable business for at least 5 years. Doctors should be working in their field for 3 years at least.
  • Nonfarm income generating activities: You can only take the loan for any startup that generates income outside of the farming activities. For agricultural purposes you cannot take this loan.

Apart from this, you have to have at least a one year service relationship with the bank in order to apply for this loan. Or, you have to have spent at least a year in your current address.

Mudra Loan Eligibility Criteria FAQ

FAQs of Mudra Loan Eligibility Criteria

  • I have a savings bank account. Can I apply for Mudra Loan?

    Yes, you can request for Mudra loan if you have a savings bank account. The amount of loan, the interest rate and the time period of repayment shall be decided by the lending authority after checking out your account activity and more details.
  • I have just graduated and joined the workforce. Can I avail the loan?

    Yes, you can avail the loan under the ‘Shishu, Kishor and Tarun’ bands of this scheme. Under any of these three banks, you can get loan assistance of up to Rs. 10 lakhs.
  • What do I have to keep mortgage or collateral for this loan? You don’t need to keep anything mortgage or as collateral for this scheme. These are unsecured loans which you must repay over a period of time only.
  • Can a physically handicapped person avail the Mudra Loan?

    Yes, any person who follows the above criteria can avail this loan. The scheme does not differentiate between applicants. It goes for all irrespective of their economic background, religion, physical ability, etc.
  • What are the documents needed for this scheme?Different lenders ask for different documents. You have to specifically ask your lender what kind of documents they are looking for.
  • Do I need to have a PAN card to get the loan?PAN card and Mudra loan have not been linked, nor has there been any indication of such in any document anywhere. However, in order to fulfill the KYC norms, the lending institutions may ask for your PAN card details.
  • Do I need to file my income tax returns to get this loan?

    You may or may not need to file your returns, depending upon the norms decided upon by your lending institution. However, the government has not mentioned anywhere that it is compulsory.
  • I am a small dealer. Can I avail this loan?

    Mudra loan is available through various Non Banking Finance institutions and MFIs. Hence, you as a small dealer you can take loans from them. Hope the details will help you.


About Editor


  1. प्रदीप कुमार

    स्टेट बैंक ऑफ़ इंडिया शाखा जिरौली (जिला – बुलंदशहर, उत्तर प्रदेश ) के ब्रांच मैनेजर महोदय मुद्रा लोन के विषय मे बात करने को ही राजी नहीं हैं । इस सम्बन्ध मे कई बार मैनेजर महोदय से बात कर चुका हूँ । लेकिन वो तैयार ही नहीं हैं । मै मेडिकल स्टोर संचालक हूँ और अपने व्यापार का विस्तार करना चाहता हूँ ।

    • Subhash rathod
      Sbi himayatnagar dist. Nanded yethi branch menegar Mudra lone sati kahi spot kart nahi, file geun gele tar MODI la vichyara mnun sangte,

    • Raman kumar singh

      sir i have a electronics open a new shop in patna bihar
      so i have a eligible mudra yojna

  2. Dear sir/mam,

    This is Siddhartha Modak. Age 31, self-employed. From Assam, Silchar. I’m the proprietor of Rajan Enterprise. I’ve my own retailed shop. I’m dealing with plastic furniture, households items and Electronics items also.

    I want to make my business little better and also want to take some dealership from different brand with which I can start wholesaling from my shop only.

    So, sir need some loan around 10lakhs for making my business more strong and big.

    Thank you.

  3. I’m 29 Year. I have passed MBA
    I want to start computer institute franchise
    I want to 10Lacs loan from bank
    What is process of rake loan from bank

  4. Mai mera business jald hi start karne vali hu…
    Saree ka showroom start kar rahi hu
    Mai abhi 26 years ki hu…
    Kya mujhe mudra koan milega….???
    SBI me maine inquiry ki to manager bole ki 6 months running account hona chahiye
    Jab ki mera saving account hai or account running bhi achcha hai..
    Ab mai kya karu
    Please help

  5. Just I finished degree am I able to get loan??to start a new business and I haven’t any income source is it possible??

  6. I want establish a new fertiliser and pesticides shop can i apply for mudra loan.

  7. मैं अपना कोचिंग सेंटर खोलना चाहता हू। इस स्कीम के तहत मुझे लोन मिल सकता है।

  8. Can widow is apply for this loan ? Also if she want to start new business what is the criteria for her ? How much amount she will get

  9. I am a tent house owner, I am running past 5 years, I want to expand my shop and equipment and my age is 36 can I eligible for this scheme ?

  10. I take a brick plant on rent can I get the loan to buy raw material

    • If a retire person want to start some business, …can any bank will help him or not under Pradhanmantri mudra loan.

  11. I am 100%bankrupt unemployed since 5years ,with homeloan burden of 36 lakhs (EMI defaulter )aged 50 years (but healthy)
    and family of 3 to be fed schooling child,with virtually none to seek any help or support.
    Commuting suicide is though seems only option
    can not do that thinking of my 8 year old schooling boy’s future.Pl advise how to seek and where to seek any help? I am an experienced Facilities Operations Manager unable to get employment.

  12. Banshi lal jangid

    Recently I have started a trading company & i file income tax returns also. Now i need tarun loan to expand my business.Am I eligible for this loan.Pls reply

  13. I worked in various publication firms, having experience in designing, job works, also worked in printing press. Now I want to start a DTP shop with small investment around 1 lakh. Can I avail loan (I never approached any loan earlier). My present age is 45 years. What are the procedures to avail this loan and documents needed?
    Please clarify in this regarding and explain how to pay back for availing 1 lakh.
    Awaiting your response.
    Thanking you

    John Wellington

  14. I am a central employee.can I get loan through this schemes

  15. Sir, I m femele of 32 . Can I get loan if 5 lacs from mudra Yoha scheme for a start up of timber business .

  16. Srr me BPL family se belong krta hu. Me graguate hu .small industry loan lena chahata hu
    .so plz help me.

  17. Dear Sir/Madam,

    I am Subhash 33 years, I need fund for start sewing work.
    Can I get Mudra Load.

    Thanks & Regards

  18. I an woman I want to do work as a equity dealer so I am eligible or not

  19. Im 12th passed. Can i apply for loan?

  20. Sir am finished BE (Mechanical engineering) and still fresher not worked I have choose cow and gote forming plant . when can I apply for the loan

  21. ज्ञानेश्वर माळी

    मेरे पास एक अच्छे आयडिया है , लेकीन मेरे पास फंड नही हें .
    Business स्टार्टअप करने के लिये क्या मैं विनंति कर सक्ता हुं ?

  22. Pardeep sharma

  23. sir i am. yashpal kumar mujhe personal.loan.ki bahut jarurt h mujhe mai apna naya business kholna chata hu mai personal loan chahata hu plzzz help my loan application Sumit branch

  24. I am civil engineer, but I open wooden furniture shop.
    I am 38 yrs old now, Is I am eligible for mudra loan

  25. Dear Sir,

    I am a business entrepreneur and doing well in my business just I stuck for funds to expand my business,I was going through pradhan mantri mudra loans but on that age limit is mentioned I.e 23-28years.Kindly guide me for this I am at my age of 35 years.

  26. i have a current account in Satara sahkari co. op bank limited. is i am elegible for the loan.

  27. Rushikesh Popalghat

    My uncle is entrepreneur. I am not owner of any business. I have saving account. I am 22 years old. Can I join with him by taking a mudra loan ?

  28. I am a partner in my family business. I would like to do something in my individual capacity as a proprietor. Can I apply for the same.

  29. Govind Singh porte

    Mere pass dj ,tent house ,lite dekoretion,hai.jise development Karne ke liye Mudra lon ki jarurat h lekin bank santh nahi details do sal se chakkar Kat Raha hu sir lekin asfal raha.ab to ye bakvas lagta h. Koi mudra yojana ke bare me bolate h to tensan aata h.es yojana se visvas toot chuka h.

  30. Sab saala jhut bol raha koi bank loan nai de raha PM mudraloan public ko dukhi karna k kaam h saala bahart badal raha kehta ye badal raha bharat kehta h,salary slip dikho , itr fill karo jab ye sab kaam karte to loan kya asi tsi karana k liya lega

  31. Dundappa Vandal

    I am salaried person, want to strat up costmer service centre, may I get loan from mudhra scheme.

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