Pradhan Mantri Mudra Yojna (PMMY)

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  • Pradhan Mantri Mudra Yojna (PMMY)
  • Eligibility

    For non-farm enterprises in Manufacturing, Trading and Services to the formal financial system and extending affordable credit upto Rs10.00 lakhs to them


    Any individual, proprietorship, partnership, SHG & JLG

  • Finance
    Nature of facility

    Term Loan/ Working capital (OD) or Composite Loan . Working Capital Loan upto ₹ 20,000/- through MUDRA Debit Card.

    Loan Amount
    • The Loan shall be named as 'Shishu', 'Kishor' and 'Tarun'. Shishu : loans upto ₹ 50,000/-
    • Kishor : loans above ₹ 50,000/- and upto ₹ 5.00 lakh
    • Tarun : loans above ₹ 5.00 lakh and upto ₹ 10 lakh .
    Credit Guarantee / Collateral

    We clarify that as per RBI guidelines, no collateral security is to be obtained for MSE loans sanctioned upto ₹ 10.00 lakh.

  • Security and Margin
    Primary Security

    Hypo of Stocks and book debts.


    As per applicable scheme.

  • Rate of Interest and Repayment

    For the loan covered under CGTMSE, the rate of interest shall be “MCLR”. (The rate of interest, application of interest, security, asset classification, charges, fees etc. shall be as per general guidelines/scheme in vogue.)


    As per applicable scheme

  • Apply Now

The Bank has formulated various scheme viz. Oriental Business Loan Scheme, Oriental Mortgage Loan Scheme, Loan to Other Professionals, Financing against Autos / Taxis, Loan to Traders, Loan to Women, Loans under MSME etc. for assisting entrepreneurs. All such loan either schematic or non schematic may be classified under “MUDRA Loans under PMMY”.



Eligibility Criteria

MUDRA card shall be issued to literate Individual & Proprietor. Joint account is not permitted

Maximum Sanction Limit

Maximum composite loan shall not exceed Rs1.00 Lakh.
Overdraft Facility:-
Loan Amount:- 20% of composite loan being Working Capital component i.e. maximum ₹ 20,000/- as OD facility and can be withdrawn by MUDRA Card.
Loan Period:- 1 Year, may be renewed/reviewed every year as per MSME guidelines, subject to the satisfactory operation in the account.
Cheque Book Issue Facility:- Yes

Scheme Code & Issuance of MUDRA Card

Term Loan - TL701 (TL GENERAL-EI)
Over Draft - OD505
(OD – MUDRA CARD SCHEME) The MUDRA card shall be issued in OD505 scheme.

Note : The MUDRA Card (RuPay Debit Card) shall be issued to the borrowers having composite loan maximum upto ₹ 1.00 lakh and OD ₹ 20,000/- only.

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