PM MUDRA Yojana 2025: Apply for Business Loan Without Property – Get ₹50,000–₹10 Lakh Easily
Introduction
The PM MUDRA Yojana (PMMY) continues in 2025 as one of India’s most powerful financial support schemes for small businesses and startups. The biggest advantage of this scheme is that it allows applicants to apply for a business loan without property, without collateral, and without any guarantee. Under PMMY, individuals can get loans ranging from ₹50,000 to ₹10 lakh with simple documentation and fast approval.
Whether you’re planning to start a new business or expand your existing one, this guide explains eligibility, benefits, documents, interest rates, bank list, and step-by-step apply process—all optimized for fast ranking and Google Discover visibility.
⭐ What Is PM MUDRA Yojana 2025?
The Pradhan Mantri MUDRA Yojana is a flagship government loan scheme launched to support micro and small enterprises. The scheme is available to anyone who wants to start or grow a business but doesn’t have property or assets to offer as security.
Key Features of PM MUDRA Yojana 2025
- Loan Amount: ₹50,000 to ₹10,00,000
- Collateral Required: ❌ No Property Needed
- Guarantee Required: ❌ No Bank Guarantee Needed
- Available For: Traders, shopkeepers, startups, manufacturers, service providers
- Banks Covered: All major banks, NBFCs, small finance banks
This makes it one of the most accessible financing options for India’s youth and small entrepreneurs.
🧩 Types of PM MUDRA Yojana 2025 (Update)
🔹 1. Shishu Loan – Up to ₹50,000
Designed for beginners, small vendors, students, and new startups needing low investment.
🔹 2. Kishor Loan – ₹50,000 to ₹5 Lakh
Best for developing businesses that need more working capital.
🔹 3. Tarun Loan – ₹5 Lakh to ₹10 Lakh
Ideal for expansion, machinery purchase, inventory, or scaling operations.
🎁 Benefits of Business Loan Without Property Under PM MUDRA Yojana 2025
- Zero Collateral: No property, no land, no asset needed.
- Low-Interest Rates: Much cheaper than private lenders.
- Fast Approval: Most banks approve MUDRA loans quickly.
- Flexible Repayment Tenure: Up to 5 years.
- Women Entrepreneurs Get Priority: Extra benefits in many banks.
- No Processing Fee for Shishu loans.
- Perfect for New Entrepreneurs without financial backing.
💰 Interest Rate ( Updated) for PM MUDRA Yojana 2025
Interest depends on bank, loan type, and business profile:
- Shishu Loan: 8%–10%
- Kishor Loan: 10%–12%
- Tarun Loan: 12%–14%
Special concessions are available for women, SC/ST, minority, and first-time entrepreneurs.
📌 Eligibility Criteria for PM MUDRA Yojana 2025
To apply for business loan without property, you must:
- Be an Indian citizen
- Have an age of 18 years or above
- Have a business idea or running small business
- Not be a loan defaulter
- Have good repayment capacity
Eligible categories include:
- Shop owners
- Service providers
- Street vendors
- E-commerce sellers
- Repair shops
- Startups
- Small manufacturers
- Self-employed individuals
📄 Required Documents for PM MUDRA Yojana 2025
The document list is simple and beginner-friendly:
- Aadhaar Card
- PAN Card
- Passport-size photo
- Address proof
- Bank statements (6 months)
- Business plan / proposal
- Quotation of machinery (if applying for higher loans)
- GST details (if applicable)
🏦 Banks Offering PM MUDRA Loan
You can apply in:
- SBI
- Bank of Baroda
- Punjab National Bank
- Canara Bank
- HDFC Bank
- ICICI Bank
- Axis Bank
- Union Bank of India
- NBFCs and Small Finance Banks
Every major bank supports MUDRA loans under PMMY.
🖥️ How to Apply for PM MUDRA Yojana 2025 (Business Loan Without Property)
NOTE – PM MUDRA Yojana 2025
Step 1 — Visit Nearest Bank or Apply Online
Go to any major bank or visit the official bank website under the loan section.
Step 2 — Select MUDRA Loan (Shishu, Kishor, Tarun)
Choose the category based on loan amount.
Step 3 — Fill Out the Application Form
Enter your:
- Personal details
- Business details
- Loan amount
- Financial requirements
Step 4 — Upload / Submit Documents
Provide Aadhaar, PAN, bank statements, and business plan.
Step 5 — Bank Verification
Bank checks your business plan, financial capacity, and documents.
Step 6 — Loan Approval
Once approved, the amount is directly credited to your bank account.
📢 2025 Latest Update
The government has instructed banks to increase the number of MUDRA loans to encourage youth entrepreneurship in 2025. Digital KYC and online applications have made the process faster and more transparent.
🧾 Conclusion
The PM MUDRA Yojana 2025 is the best way to get a business loan without property, especially for new entrepreneurs who can’t provide collateral. With loans up to ₹10 lakh, low interest, flexible EMI, and easy approval, this scheme continues to empower India’s small businesses.
If you want to start a business in 2025, this scheme can be your biggest opportunity.
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