How to apply for Mudra Loan

The Pradhan Mantri Mudra Yojana (PMMY) provides financial support to small businesses, traders, artisans, and entrepreneurs through Mudra Loans. At Rohini Financial Services, we guide you through every step of the process to make your loan application simple and stress-free.

Step-by-Step Process to Apply for Mudra Loan

1. Check Eligibility

Ensure that your business falls under the Mudra Loan scheme categories (Shishu, Kishor, Tarun) and meets the basic eligibility criteria such as business type, income potential, and age.

2. Choose the Right Loan Category

Shishu – Loans up to ₹50,000 (ideal for startups or very small businesses).

Kishor – Loans from ₹50,001 to ₹5 Lakhs (for growing businesses).

Tarun – Loans from ₹5 Lakhs to ₹10 Lakhs (for established businesses needing higher funds).

3. Prepare Required Documents

Keep identity proof, business registration, bank statements, and a business plan (for Kishor & Tarun loans) ready to speed up the process.

4. Submit Application

Visit a bank, NBFC, or financial institution partnered under PMMY.

Fill out the Mudra Loan application form with accurate details.

Attach required documents and submit.

You can also apply through Rohini Financial Services for faster processing.

5. Verification & Processing

The lender verifies your documents, checks credit history, and assesses your repayment capacity.

6. Loan Approval & Disbursal

Once approved, the sanctioned loan amount is disbursed directly into your bank account. For working capital needs, lenders may issue a Mudra Card (like a debit card linked to your loan account).