The term “Mudra Yojna Scheme for Women” refers to the Pradhan Mantri Mudra Yojana (PMMY) scheme, which is launched by the Government of India to provide financial assistance to small business and entrepreneurs, including women. The micro-enterprises and small-scale loans are the main focus of this scheme. Now here is how it works for women:

• Loan Categories: The PMMY scheme extends its loans under three categories, namely Shishu, Kishore, and Tarun. The following stages of the business development are targeted for these loans:
• Shishu: Up to ₹50,000
• Kishore: From ₹50,000 to ₹5 lakh
• Tarun: From ₹5 lakh to ₹10 lakh
• Eligibility: Loans under this scheme can be extended to women entrepreneurs, including those running small and micro enterprises. There are no specified eligibility criteria regarding gender; however, active participation of women is encouInterest Rates: The lending institutions determine the interest rates, but they are generally favorable vis-à-vis other loans because of the scheme’s focus on financial inclusion.
• Application Process: Women entrepreneurs can apply for Mudra loans through different financial institutions including banks, microfinance institutions (MFIs), and non-banking financial companies (NBFCs). The process is very simple with very little documentation, a gist of mudra yojna scheme for women further details are mentioned.

Benefits

• Financial Inclusion: It backs women entrepreneurs with the possibility of restricted access to formal credit.
• Business Growth: It helps women-owned businesses reach higher pinnacles by providing the required capital.
• No Collateral Required: Typically, Mudra loans do not require collateral; this eases the process of women securing funds.

In general, the PMMY scheme works toward the empowerment of women entrepreneurs. This is done by providing them with financial resources that will help in initiating and growing their business.

How to register

The process of registering for the Pradhan Mantri Mudra Yojana (PMMY) scheme for women entrepreneurs is quite simple. Here is a step by step guide to help you fill out the registration and application forms:

1. Ensure Eligibility: Ensure that you meet basic eligibility. The scheme is available for small and micro enterprises, including those owned by women. There are no separate gender-based eligibility conditions but it should be a non-farm activity.

Prepare Documentation: Gather all necessary documents as required for the loan application. This will typically include:

• Proof of identity (Aadhar card, passport, voter ID).
• Proof of address.
• Business plan or project report.
• Proof of ownership of the business (registration documents, licenses).
• Details of bank accounts.

2. Disbursement and Approval: The loan amount approved will be disbursed in line with the terms and conditions laid out in the agreement. The loan amount is then disbursed to you and you will repay the borrowed amount as per the repayment schedule that was agreed upon.

3. Follow Up: You should keep the line of communication open with the lending institution and make timely repayments.

4. Online Application Option: Some banks or financial institutions will have a facility to apply for a Mudra loan online, you can check on their website if they do provide a facility to apply online and for further information.

Follow these simple steps and yourself enrolled and part of this helpful program.

Features of Mudra Yojna 

Pradhan Mantri Mudra Yojna Scheme for Women (PMMY) has multiple features that have been specifically designed to support and empower women entrepreneurs. Here are some of the key features of the Mudra Yojana that are particularly useful for women: 

1. Financial Inclusion Access to Credit: Mudra Yojna Scheme for Women has been created to provide funding for micro and small enterprises, including those run by women, which may have had little or no access to credit. No Collateral Required loans under PMMY normally do not require collateral, making it significantly easier for women entrepreneurs to qualify for loans without requiring assets to secure them.
2. Loan Categories Shishu Loan: Loans of up to ₹50,000 typically taken by those starting new businesses. Kishore Loan: Loans from ₹50,000 up to ₹5 lakh for those who are growing a business or who need more capital. Tarun Loan: Loans from ₹5 lakh up to ₹10 lakh for businesses that are already established and looking to expand. 
3. Flexible Repayment Options Customizable Terms: Repayment periods are designed to be flexible and can be arranged to suit the borrower’s cash flow and business cycle. 
4. Ease of Application Simplified Process: The application process is designed to be a simple process with minimal documentation which can be beneficial for women entrepreneurs who may find complex procedures to be difficult. 
5. Support for Various Sectors Diverse Use: Loans can support various applications in a business, including for equipment, expansion of business, working capital and other business-related expenditure. 
6. Promotion of Women Entrepreneurs Encouragement and Empowerment: The scheme actively encourages women to be entrepreneurs and provides financial assistance.

This is all about Mudra Yojna Scheme for women.

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Doubts Settled

Q1. How to get a mudra loan?

A1. Mudra Yojna Scheme for Women does not lend directly to the micro entrepreneurs / individuals. Mudra loans under Pradhan Mantri Mudra Yojna Scheme for Women (PMMY) can be availed of from nearby branch office of a bank, NBFC, MFIs etc. Borrowers can also now file online application for MUDRA loans on Udyamimitra portal (www.udyamimitra.in).

Q2. What is the margin in mudra loan?

A2. 5% for loans falling under the Shishu loan category. 

10% for loans falling under the Kishore loan category.

Q3. What is a tarun loan?

A3. The Tarun category under the Pradhan Mantri Mudra Yojna Scheme for Women (PMMY) is designed to provide financial assistance to small entrepreneurs who require higher loan amounts to expand their businesses.

Q4. What is a shishu mudra loan?

A4. Under the Shishu category of the Mudra scheme, you can avail a loan of up to Rs. 50,000 for your working capital needs. 

Q5. Mudra loan women’s eligibility?

A5. There is usually no specific age requirement, but applicants should be of legal age (18 or above). 

Q6. Mudra yojna scheme for women interest rate?

A6. Generally, they range from 8% to 12%.

Q7. Mudra loan for women subsidy?

A7. There is no Mudra loan subsidy percentage offered under Mudra Yojna Scheme for Women.

Q8. SBI mudra loans for women eligibility?

A8. Women can apply for e-MUDRA loan amount up to Rs. 50,000 online on their official website or by clicking on the link: SBI e-Mudra Loan. The applicant should be between 18 and 60 years of age