The Pradhan Mantri Mudra Loan Yojana (PMMY), launched in 2015 by the Government of India, continues to be a cornerstone for small and micro-enterprises in 2025. This transformative business loan scheme, aimed at “funding the unfunded,” provides accessible and affordable loans to entrepreneurs, helping them start or expand their businesses.

With the State Bank of India Mudra loan playing a pivotal role in disbursing these funds, the Mudra Loan Yojana 2025 offers a lifeline to small business owners in the insurance sector, manufacturing, retail trading, and service industries.

Mudra Loan Yojana 2025 Categories

Under the Micro Units Development and Refinance Agency (MUDRA), loans have been enhanced to a maximum limit of ₹20 lakh. The loan categories include:

• Shishu: Loans up to ₹50,000 for startups.
• Kishore: Loans from ₹50,001 to ₹5 lakh for expanding businesses.
• Tarun: Loans from ₹5,00,001 to ₹10 lakh for established enterprises.
• Tarun Plus: Loans from ₹10,00,001 to ₹20 lakh for proven borrowers.

The scheme also supports allied agriculture, poultry, beekeeping, fisheries, and tourism through homestay financing.

SBI Mudra Loan Yojana Features

• Collateral-Free Loans: No security required, ideal for startup loans.
• Low Interest Rate Loans: Starting at 8.40% p.a., linked to EBLR.
• Flexible Repayment: Up to 7 years based on loan category.
• Quick Disbursal: SBI e-Mudra loans for up to ₹50,000 are processed within 7–10 days.
• Mudra RuPay Card: Offers easy withdrawal of funds.

Eligibility for Mudra Loan 2025 – Pradhan Mantri Mudra Loan Yojana

To qualify for a Mudra business loan through SBI or other banks, applicants must meet the following criteria:

• Non-corporate, non-farm micro or small enterprises.
• Loan requirement up to ₹20 lakh.
• Valid documents: Aadhaar, PAN, voter ID, 6-month bank statements.
• Good credit history; no defaults.
• Priority to women, SC/ST, and first-time entrepreneurs under Mahila Uddyami Scheme.

Benefits of SBI Mudra Loan

• No Collateral Loans for new entrepreneurs.
• High approval rate due to government guarantee via CGFMU.
• Digital Loan Application through JanSamarth Portal and SBI e-Mudra portal.
• No processing fees for Shishu loans.
• Encourages job creation and business expansion.

How to Apply for SBI Mudra Loan Online

Follow these steps to apply for a Mudra loan online via SBI:

• Visit sbi.co.in or JanSamarth Portal.
• Select “Mudra Loan” under the Loans section.
• Complete the form and upload required documents.
• For e-Mudra loans: Aadhaar-linked e-KYC via OTP.
• e-Sign and submit for disbursal directly into your SBI account.

Offline Mudra Loan Application

Visit your nearest SBI branch, fill out the Mudra loan form, and submit necessary documents like identity proof, address proof, and business quotations. Bank will verify and disburse the approved amount.

Mudra Loans for Insurance Business

Insurance agency loans can be used to:

• Set up offices or expand branches.
• Buy software and CRM tools.
• Fund marketing campaigns and staff training.

PM Mudra Yojana Budget 2025 Updates

• Loan limit increased to ₹20 lakh (Tarun Plus).
• ₹6,050 crore allocated in Interim Budget 2025.
• Support for tourism and homestay businesses.
• Greater digital integration via JanSamarth.

FAQs – SBI Mudra Loan 2025

• What is the max Mudra loan limit in 2025?
  Up to ₹20 lakh under Tarun Plus.
• Is collateral needed for SBI Mudra loans?
  No, these are unsecured loans.
• Can insurance businesses apply?
  Yes, for operational and growth needs.
• How to apply for e-Mudra loan?
  Visit sbi.co.in or JanSamarth, complete e-KYC and upload docs.
• What is the SBI interest rate for Mudra loans?
  Starts at 8.40% p.a., based on EBLR.

Conclusion

The PM Mudra Loan Yojana 2025 is a game-changer for India’s entrepreneurial ecosystem. Whether you’re launching a startup or growing your existing insurance or service business, SBI Mudra loans provide an affordable and accessible financing option. Apply today and bring your business dreams to life!

Disclaimer: Loan interest rates and eligibility criteria are subject to periodic changes. Visit sbi.co.in or contact your local SBI branch for updates.