How to get PM Mudra Loan without guarantee ?

PM Mudra Loan without guarantee: Mudra Loan Yojana was started in India on 08 April 2015 after Prime Minister Modi assumed power at the Centre.


Since then, the Pradhan Mantri Mudra Loan Yojana has contributed a lot to the country by providing large amounts of loans to small and medium businessmen and entrepreneurs in increasing their business.

The purpose of launching the Mudra scheme was that small and medium businessmen can get loans conveniently and at the least interest rate to grow and develop their business.

Pradhan Mantri Mudra Loan Yojana is working fast towards making the existing businessmen and educated trend youth of the country self-reliant.

Before the year 2015, the situation was such that if a small business owner, a small shop owner in the streets or an educated youth used to go to a bank and ask for a loan.

Then the bank used to ask him to furnish the guarantee. Even after this, even after completing many paperwork, banks used to refuse to give loan to him by removing some flaws.

By removing this discrepancy, the Prime Minister’s Mudra Loan Scheme has worked to provide great relief to the small businessmen of the country.


For PM Mudra Loan Scheme 2021, the new central government has simplified some more rules. Therefore, it is believed that in the coming time this scheme will emerge as more effective in the country.

How many types of loans are given under Pradhan Mantri Mudra Loan Yojana 2020?

Mudra Shishu Loan 2021 –

Under Mudra Shishu Loan, any person who is going to start a new business, or is thinking of expanding his old business.

He can apply for Shishu loan. Loans up to Rs 50,000 are given by the banks to the people applying under the Shishu loan. Whose interest rate ranges from 10% to 12%.

Mudra Kishore Loan 2021 –

Under Kishore Loan, loans ranging from Rs 50 thousand to Rs 5 lakh are given by banks to the needy.

The main objective of this loan is to make the small business of businessmen even bigger. The interest rate of this loan is as low as 14%.

Currency Youth Loan 2021 –

Under Tarun Loan, you can get a loan up to a maximum of Rs 10 lakh. Loans of more than this amount are not given under Pradhan Mantri Mudra Loan Yojana.

The interest rate of loans available under this category is as low as 16%

When does the interest rate of Mudra loan change?

The interest rates mentioned above to you under Mudra loan. They are decided from time to time by the nationalized banks according to the intention of the Central Government, Reserve Bank.

In which changes are also made from time to time. If banks are charging you a higher rate of interest today, then it may be that the interest rate will come down next year.

Therefore, before knowing about the interest rates, make sure to know about the interest policies of the Central Government and the Reserve Bank.

Documents Required for Mudra Loan 2020 | Documents Required for Mudra Loan

Any one of the photo ID proofs such as Aadhar Card, Voter ID, Passport, Pan Card and Driving License.

Aadhar card, passport, electricity bill, water bill, telephone bill etc. Any one document for identification of address.

> Certificate of current business

> Caste Certificate

> Income Certificate (on demand)

> Copy of bank statement (if you are already availing the services of that bank)

> Your project report for loan requisition

> Latest passport size color photo

Benefits of Prime Minister Mudra Loan

(1) Under Mudra loan, now everyone gets a loan without any guarantee.

(2) No processing fee is charged from the applicant for the loan given under this scheme.

(3) After getting the loan, the bank can extend the time limit for your loan repayment by 5 years.

(4) The interest rate of Mudra loan is slightly lower than other loans.

How to get Mudra Card?


When you apply under PM Mudra Loan Scheme and if your loan is approved, then the bank gives you Mudra Card.

Through this card, you can withdraw money from any ATM machine whenever needed. It works exactly like an ATM card.

Through the Mudra card, all the working capital requirements of the businessmen are fulfilled. You can use this card by withdrawing 10% of the amount.

How to file a complaint related to PM Mudra Loan 2020? Helpline Numbers for Complaint

If you want to register any kind of complaint related to Mudra loan. So you can file a loan related complaint according to your state given below.

• Delhi – 1800 1800 124 , 
• Punjab – 1800 180 2222
• Orissa – 1800 345 6551 , 
• Sikkim – 1800 345 3988
• Puducherry – 1800 425 0016, 
• Rajasthan – 1800 180 6546
• West Bengal – 1800 345 3344, 
• Uttar Pradesh – 1800 102 7788
• Tamil Nadu – 1800 425 1646 , 
• Tripura – 1800 345 3344
• Uttarakhand – 1800 180 4167, 
• Telangana – 1800 425 8933
• Andaman & Nicobar Islands – 1800 345 4545, 
• Goa – 1800 233 3202
• Arunachal Pradesh – 1800 3453 988 , 
• Gujarat – 1800 2338 944
• Andhra Pradesh – 1800 4251 525 , 
• Bihar – 1800 3456 195
• Assam – 1800 3453 988, 
• Dadra & Nagar Haveli – 1800 2338 944
• Chandigarh – 1800 1804 383, 
• Daman & Diu – 1800 233 8944
• Chhattisgarh – 1800 2334 358 , 
• Meghalaya – 1800 3453 988
• Haryana – 1800 180 2222 , 
• Kerala – 1800 4251 1222
• Himachal Pradesh – 1800 180 2222 , 
• Lakshadweep – 0484 – 2369090
• Jammu & Kashmir – 1800 180 7087 , 
• Manipur – 1800 345 3988
• Jharkhand – 1800 3456 576 , 
• Maharashtra – 1800 1022 636
• Karnataka – 1800 4259 7777 , 
• Madhya Pradesh – 1800 233 4035
• Nagaland – 1800 3453 988 , 
• Mizoram – 1800 3453 988

How to get PM Mudra Loan? How to apply for Mudra Loan 2020?

If you have a business or want to start a new business, then you can apply for Mudra Loan.

There are 2 ways to take a Mudra loan. The first way is that you directly go to any bank branch in your city and get the form from the branch itself and fill it.

If you fill the form directly through the bank, then the bank staff will give you guidelines on how to fill the form and attach the documents.

The link given above. You can download the form as per your convenience in both Hindi and English languages ​​by visiting that website .

Another way to apply for Mudra loan is to apply in online mode. For this, you have to go to the official website of Mudra Loan, fill your form and upload the required documents.

Some common and important questions related to Mudra loan

Despite having a lot of information related to Mudra loan on the internet, people do not have the answer to all the questions regarding this loan.

Therefore, it is our endeavor to answer some of the questions that are directly related to Mudra Loans.

Can I get Mudra loan again?

Yes, even if you have taken a Mudra loan before, you can get a Mudra loan after some time.

But while giving you the loan, it will be seen whether you have repaid the previous loan on time or not. If you have repaid the previous Mudra loan on time, then your bank credit will be good and the bank will not hesitate to give you the loan again.


Can Small Jewelery get Mudra Loan?

Yes, Small Jewelery can also get Mudra Loan. But the loan limit will be from Rs 50,000 to Rs 10 lakh only.

What is the interest rate of Mudra loan?

As I told you above that the Mudra Loan Interest Rate is decided by the banks based on the policies of the Central Government and the Reserve Bank.

Apart from this, the interest rates for loans above Rs 50,000 vary from bank to bank.

Which are determined on the basis of loan amount and repayment period. Apart from this, the interest to be charged on loans given under Shishu, Kishor and Tarun category is also decided based on the nature of the business of the applicant and the risks associated with it.

Generally, the interest rate of Mudra loan is 10 to 12 percent per annum. For more details you can directly contact the banks.

For what purpose Mudra loan is taken from PMMY?

Almost all types of small businessmen come under the purview of Mudra loan. Any such business which does not come under the restricted category, and comes under the rules of Mudra Yojana.

Loans are provided to all on an equal footing. But the maximum loan amount will not be more than 10 lakhs.

What will happen if Mudra Loan is not repaid?

What can happen if Mudra loan is not repaid? This question is often asked by many people. Most of the people who ask this are those people.

Those who have already decided not to repay before taking Mudra Loan. My advice to such people is not to think like this even by mistake.

Basically the loans that banks give you under the Mudra loan scheme. You do not have to make any kind of guarantee for that.

But this loan is given without your business. For which you have to give business certificate to the bank. The on-site inspection of which is also done by the bank officials.

If you fail to repay after taking a Mudra loan, your business can be forfeited.

Bank loans are given under the scheme of the central government. Banks want their money back on time. Whether your loan is repaid by the government or the borrower. The bank doesn’t care about this.

The bank is a purely business institution. She will take her money back from you. The debtor has no escape route.

Mudra loan, what to do?

You have been told above the complete way to take a Mudra loan. Read it carefully and apply online or offline.

Is Mudra Loan available for dairy farming?

Yes, if you have a small business, then you can take a loan of 50 thousand rupees to 10 lakh rupees.

What to do if the bank is not giving Mudra Loan?

If your business is legitimate and there is no defect in your project report. Apart from this, you have not been a bank defaulter in the past.

So you can register your bank complaint on the above given toll free numbers of your state. Apart from this, written complaint can also be made against the bank by visiting the official website on the email id present there.

Will I get a money loan to open a boutique after doing a fashion designing course?

Yes, absolutely you will get it. Mahila Udayam Nidhi has also been established for this category under Mudra Yojana.

You can choose any one of the three categories of Mudra loan. If women take Mudra loans from micro finance institutions or non-financial companies, then they are also provided a rebate of 25 bps in interest.

Can I get Mudra loan to open an ice cream parlor?

Yes, you can get Mudra loan under the scheme called Business Loan for Businessmen and Shopkeepers. This will be under the Mudra scheme only. Rest of the rules will be same.



Can I get Mudra Loan for Ro Water Plant?

Absolutely can be found. RO water plant installation is an eligible activity under Mudra loan. Therefore, you can get a maximum loan of up to Rs 10 lakh on this.