Core Eligibility Criteria for PM Mudra Loan (PMMY)
The Pradhan Mantri Mudra Yojana (PMMY) is targeted toward small-scale entrepreneurs and micro-businesses. Lenders follow specific rules to determine eligibility:
- Citizenship: The applicant must be a citizen of India.
- Age Bracket: The borrower's age must be at least 18 years and not more than 65 years at the time of application.
- Target Sectors: Loans are strictly intended for non-farm, non-corporate micro-businesses in trading, services, or manufacturing. (Agricultural-allied activities like dairy, poultry, and apiculture are also eligible).
- Credit Score: A clean financial record and a CIBIL rating of 700 or above is highly preferred. However, first-time business owners with no credit footprint can qualify for Shishu loans (up to ₹50,000).
Interactive Mudra Loan Eligibility Quiz
Answer these quick questions to check if your profile fits the official guidelines:
Eligible Business Entities
The following entity constitutions are eligible to apply for business activity funding under PMMY:
- Sole Proprietor concerns (small shopkeepers, traders, weavers).
- Partnership Firms.
- Private Limited Companies.
- Limited Liability Partnerships (LLP).
Official Support Desk Contact Info
For questions or guidance on your eligibility, contact the official desk:
- SLBC Rajasthan Helpline (Zonal BOB, Jaipur): `1800-180-6546`
- National Mudra Support Toll-Free: `1800-180-1111` / `1800-11-0001`
- SIDBI Udyami Mitra Desk: `1800-180-1000`
Frequently Asked Questions
Yes, Mudra loans can be used to purchase auto-rickshaws, small goods transport vehicles, taxis, and tractors, provided they are used strictly for commercial business activities.
Yes, you must have a physical address of business operations. Lenders will inspect your work site (even if it is a small rented room or home workshop) before disbursing Kishore or Tarun loans.