PM Mudra Loan: Apply Online & Get Started Today

How to Apply for a Pradhan Mantri Mudra Yojana Loan: A Step-by-Step Guide The Pradhan Mantri Mudra Yojana is one of the most ambitious schemes launched by the Government of India. This scheme is available all over India for all states. If you ever need money, it is advisable to first try borrowing from other sources. However, if taking a loan is the only option, it is better to approach the government. Government loans are preferable to market loans, which can lead to high-interest payments and the social pressure of debt collectors. This guide provides a step-by-step process to apply for a loan under the Pradhan Mantri Mudra Yojana directly from your mobile phone. ### Starting Your Application on the Jan Samarth Portal To begin your application, you must use the Jan Samarth portal. You can start by opening Google on your phone or laptop and searching for “Jan Samarth.” The official portal will appear, which is described as the “One Nation, One Loan Portal,” similar to other government initiatives like “One Nation, One Ration Card.” The Jan Samarth portal is a national platform for credit-linked government schemes, featuring 12 schemes and 6 loan categories. Once on the portal, you can select your preferred language. You can find various loan types, such as Agri Loan, Business Activity Loan, and Livelihood Loan. The Pradhan Mantri Mudra Yojana falls under the Business Activity Loan category. ### Step 1: Checking Your Eligibility To start, click on the “Check Eligibility” option under the Business Activity Loan section. 1. Select “Other Business Loan.” 2. Choose your business type. Select “New” if you are starting a new business or “Existing” if you already have one. 3. Indicate whether you have passed the 8th standard by selecting “Yes” or “No.” 4. Specify if you have undergone EDP training. 5. Select the nature of your business (e.g., Manufacturing, Business Service, Trading). 6. Choose your gender (Male, Female, or Other). 7. Select your social category (General, OBC, SC, ST). 8. Indicate if you are an ex-serviceman or physically handicapped. 9. Specify if you belong to a North-Eastern state, Uttarakhand, Himachal Pradesh, Jammu & Kashmir, or other hilly, tribal, or border areas. 10. State whether you have successfully availed a previous loan. 11. Choose your location as either “Rural” or “Urban.” 12. Select the type of applicant as “Individual” if you are applying personally. 13. Enter the estimated project cost. For example, if your project cost is ₹8,00,000, enter that amount. 14. Enter the amount you can invest from your own funds. For instance, if you have ₹2,00,000, the required loan amount will automatically calculate to ₹6,00,000. Finally, click on “Calculate Eligibility.” ### Step 2: Understanding Your Loan Details and Categories After calculating, a “Congratulations” message will appear, confirming your eligibility for a Business Activity Loan scheme like the Pradhan Mantri Mudra Yojana. The portal will display the loan details. For a ₹6 lakh loan, the estimated EMI could be ₹10,750 for a tenure of 5 years. You have the option to edit these details if needed. The Mudra Yojana now offers loans up to ₹20 lakh under different categories: Shishu: Up to ₹50,000 Kishor: From ₹50,001 to ₹5 lakh Tarun: From ₹5,00,001 to ₹10 lakh Tarun Plus: From ₹10,00,001 to ₹20 lakh ### Step 3: Registration and Login To proceed with the application, click on “Login to Apply.” First, you must register by providing your mobile number, filling out the captcha, and agreeing to the terms. An OTP will be sent to your mobile for verification. Once registered, log in using your mobile number and the captcha. You will receive another OTP to complete the login process. ### Step 4: Completing the Application After logging in, you will see a “Proceed” button. Clicking this will show you a summary of the information you have already provided. You can edit any details here if necessary. If everything is correct, click “Continue.” You will then be guided through a series of consent forms for your Aadhaar, PAN, and credit bureau information. You must agree to these terms to move forward by clicking “Agree & Proceed.” ### Required Documents and Final Submission The next steps involve providing and verifying your personal and business information. You will need the following details and documents: PAN Card Number and Date of Birth Aadhaar Card Number Business Details Bank Account Details You will be required to enter your PAN and Aadhaar details for verification. After that, you will provide your business and bank account information. These documents will also need to be uploaded. Once all details are filled in, a final review of your complete form will be displayed. After checking everything, you can make the final submission. ### The Verification Process After you submit your form, it will be verified. This verification can happen online, or you might receive a call to visit the bank. In some cases, a representative may visit your location for offline verification. Once your application is successfully verified, the loan amount will be directly transferred to your bank account. Following these steps, you can successfully apply for a loan under the Pradhan Mantri Mudra Yojana from the comfort of your home.