By KeeVurds Desk 6th Sep, 2023
The applicant should be a Indian-citizen, and must be a micro or small enterprise to avail PMMY loans in India.
The applicant must be between the age group of 18-65 years. So, the minimum age is 18 and the maximum age is 65 for Mudra Loan
Loan amounts under PMMY range from INR 50,000 to INR 10 lakhs, depending on the category: Shishu, Kishore, or Tarun.
PMMY supports various sectors, including manufacturing, services, trading, and agriculture, benefiting small and micro-businesses.
Applicants typically need ID proof, address proof, business plan, and income details to apply for PMMY loans.
To apply for Mudra loans, visit a participating bank, fill the application form, and provide required documents.