Pradhan Mantri Mudra Yojana - Kishore

Loans above ₹50,000 and up to ₹5 lakh for new or existing micro enterprises needing funds to stabilise or expand.

Ministry of Finance (Department of Financial Services)

🟢 Active👤 Entrepreneur

💰 Benefit: Collateral-free loan above ₹50,000 and up to ₹5 lakh.

Who Can Apply

  • Income: No limit
  • Category: All
  • State: Central

Eligibility Criteria

  • •Indian citizen with a business plan for an income-generating activity
  • •New or existing non-corporate, non-farm micro enterprise
  • •Activity in manufacturing, processing, trading, services or agri-allied work such as dairy, poultry or beekeeping
  • •Loan requirement above ₹50,000 and up to ₹5 lakh
  • •Meets the lending institution's credit norms

Documents You Need

  • ☐Loan application form
  • ☐Identity proof
  • ☐Address proof
  • ☐Bank statement for the period the lender asks for
  • ☐Statutory returns and other documents as required by the lender
📋 Download Checklist📧 Email Me This Checklist

How to Apply for Mudra Loan Kishore

  1. 1Work out how much you need (above ₹50,000 and up to ₹5 lakh) and write a simple business plan.
  2. 2Apply online on JanSamarth (jansamarth.in) or the lender's website, or visit a bank, NBFC or MFI branch.
  3. 3Fill in the Kishor application form (a three-page indicative format).
  4. 4Attach identity and address proof, bank statements and any quotations or documents the lender asks for.
  5. 5The lender reviews your proposal and fixes the loan amount and repayment terms.
  6. 6Apply yourself. MUDRA has no agents or middlemen.
🌐 Apply on Official Website →
⚠️

Always verify eligibility on the official website before applying. Scheme rules may change. Facts last checked against the official source on 15 October 2026.

Frequently Asked Questions

How much loan can I get under Mudra Kishore?+

Kishore covers loans above ₹50,000 and up to ₹5 lakh.

Can a new business apply for a Kishore loan?+

Yes. Kishor is for new enterprises as well as those already running that need funds for stabilisation, working capital or expansion.

Is there an age or income limit?+

PMMY sets no age or income limit. Any Indian citizen eligible to borrow, with a business plan for a non-farm income-generating activity, can apply.

Do I need collateral or a guarantor?+

No. Mudra loans are collateral-free and do not need a third-party guarantee.

What documents are required?+

You need the application form, identity proof, address proof, bank statements and any statutory returns or other papers the lender asks for. PAN is not compulsory, but you must meet KYC rules.

What is the interest rate?+

There is no fixed government rate. Lenders set reasonable rates within RBI guidelines.

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