MUDRA Shishu
Pradhan Mantri Mudra Yojana — Shishu (₹0–₹50,000) · Ministry of Finance
MUDRA Shishu loans are for micro-businesses needing up to ₹50,000 — completely collateral-free. Available at any bank, NBFC, or microfinance institution. Ideal for first-time business owners, street vendors, and artisans starting small.
📋 Eligibility Criteria
- Any non-farm income-generating micro-enterprise
- Loan requirement up to ₹50,000
- Valid identity proof (Aadhaar, PAN)
- Business proof or description of business activity
- No collateral required — guaranteed under Micro Units Development & Refinance Agency
📁 Documents Required
💡 Tip: Get our ₹499 PDF report for a bank-specific document checklist — some banks ask for additional docs not on this official list.
🚀 How to Apply
- 1
Visit any PSB, private bank, RRB, cooperative bank, MFI, or NBFC
- 2
Ask for "MUDRA Shishu" loan form specifically
- 3
Submit KYC documents and business description
- 4
Bank processes within 7–10 working days
- 5
Loan disbursed as MUDRA Card (pre-loaded RuPay debit card) or direct credit
❓ MUDRA Shishu FAQ
MUDRA Shishu loan kitne din mein milta hai?
PSBs mein typically 7–14 days. MFIs aur NBFCs mein 2–3 days. Jan Samarth portal pe apply karo fastest processing ke liye.
Kya MUDRA Shishu ke liye Udyam registration chahiye?
Mandatory nahi hai, but having Udyam registration improves approval chances. Banks prefer verified business identities.
MUDRA Shishu interest rate kitni hoti hai?
Currently 8.50%–12% p.a. depending on lender. PSBs give better rates than MFIs. SBI, Bank of Baroda, PNB lowest rates dete hain.
MUDRA Card kya hota hai?
MUDRA Card ek pre-loaded RuPay debit card hai. Bank ATM se cash withdraw karo ya direct payment karo purchases ke liye. Better cash flow management ke liye use hota hai.
Last verified: 2026-06-01 · Source: Ministry of Finance