Central scheme

PM Mudra Yojana

MUDRA Ltd (SIDBI) — refinancer, does not lend directly

Benefit: Four tiers: Shishu up to ₹50,000, Kishore ₹50,000–5 lakh, Tarun ₹5–10 lakh, Tarun Plus ₹10–20 lakh.
Ceiling: ₹20 lakh (Tarun Plus).
Eligibility: Non-corporate, non-farm micro/small enterprise. Tarun Plus additionally requires a previously availed and successfully repaid Tarun loan.
Route: Any bank, RRB, Small Finance Bank, NBFC or MFI, or via udyamimitra.in / Jan Samarth.

Watch out for

Collateral-free, guaranteed under CGFMU. Tarun Plus is a relatively recent addition (effective 24 October 2024) — confirm live terms.

See what this scheme could be worth for your specific project, checked against the negative list and district classification.