MUDRA loan
Collateral-free loans for non-farm micro businesses, given through banks, NBFCs and microfinance lenders in four tiers.
MUDRA loans are made under the Pradhan Mantri MUDRA Yojana for micro enterprises in manufacturing, trading and services. They come in tiers by size — Shishu, Kishore, Tarun and Tarun Plus — and need no collateral.
You apply at a bank or other lender, not to MUDRA itself. The amounts and who qualifies for each tier are in the four-schemes lesson and the scheme check.
Learn it in a lesson
See also: Collateral, CGTMSE