Pradhan Mantri Mudra Yojana (PMMY) & PM SVANidhi Scheme - Credit Cycle 2026-27
This profile has been independently compiled from official gazette notifications and verified web domains. Source Authority Link: www.mudra.org.in Authority: Ministry of Finance • State/Region: Central Scheme (All India) • Last Audited: 11 Sep 2026
Quick AI Summary
Annual credit targets for Mudra (Shishu, Kishor, Tarun) and SVANidhi (2nd/3rd tranche) loans to micro-enterprises and street vendors for FY 2026-27.
Detailed Summary
Scheme Overview
The Pradhan Mantri Mudra Yojana (PMMY) and PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) will commence their next annual credit disbursement cycle for Financial Year 2026-27, effective from April 1, 2026. Member Lending Institutions (MLIs) including Public Sector Banks, Private Sector Banks, Regional Rural Banks, Small Finance Banks, NBFCs, and MFIs receive annual sanctions targets from the Department of Financial Services (DFS) for Mudra categories and from the Ministry of Housing and Urban Affairs (MoHUA) for SVANidhi tranches.
Mudra Loan Categories (FY 2026-27)
- Shishu: Loans up to ₹50,000 for early-stage micro-units.
- Kishor: Loans above ₹50,000 up to ₹5,00,000 for growing enterprises.
- Tarun: Loans above ₹5,00,000 up to ₹10,00,000 for established units seeking expansion.
PM SVANidhi Tranche Structure
- 1st Tranche: Working capital loan up to ₹10,000 (for new beneficiaries).
- 2nd Tranche: Enhanced loan up to ₹20,000 (upon successful repayment of 1st tranche).
- 3rd Tranche: Loan up to ₹50,000 (upon successful repayment of 2nd tranche).
Interest subvention of 7% per annum and cashback incentives for digital transactions continue under SVANidhi. Mudra loans remain collateral-free under the Credit Guarantee Fund for Micro Units (CGFMU).
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits |
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Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| Minimum Age Limit | 18 Years or above |
| Physical Disability | Not Restricted (Anyone can apply) |
| Domicile State | All India (Central Scheme) |
Application Process Guide
- Verify eligibility and identify the nearest Member Lending Institution (MLI) branch or Business Correspondent (BC) point.
- Register on the Udyam Mitra Portal (udyamimitra.in) or Jan Samarth Portal (jansamarth.in) for Mudra; apply via PMSVANidhi portal (pmsvanidhi.mohua.gov.in) or ULB camps for SVANidhi.
- Fill the prescribed application form (Form for Mudra / SVANidhi application) with enterprise/vendor details and loan requirement.
- Upload/submit KYC documents: Aadhaar, PAN, Proof of Business Address, Udyam/UAP Registration, CoV/LoR (SVANidhi), Bank Statement (last 6 months), Passport photographs.
- Bank/MLI conducts appraisal, credit bureau check, and field verification.
- Upon sanction, execute loan agreement and disbursement mandate; funds credited directly to borrower's bank account via DBT/PFMS.
- For SVANidhi subsequent tranches: Apply on portal after full repayment of previous tranche; auto-eligibility check triggers sanction.
Common FAQs regarding this Yojana
Eligible permanent residents meeting the specified domicile, income, and category criteria can submit an application along with verified credentials.
Key mandatory documents include Aadhaar Card, Residence/Domicile Certificate, Income Certificate, and active Bank Account Passbook.
Benefits are directly credited to the beneficiary's Aadhaar-seeded bank account through the Public Financial Management System (PFMS) / DBT.
Applicants can track status in real-time by logging into the official portal using their Application Reference Number.