🤝 Jan Samarth (jansamarth.in) is the Government of India's single window for all business credit schemes. You can apply for Mudra loan, PMEGP, Stand Up India and more from 125+ lenders — without visiting a bank branch.
PM Mudra Loan — Most Popular Business Loan in India
PM Mudra Loan is India's most widely availed business finance scheme. It gives loans from Rs 50,000 to Rs 20 lakh without any collateral. Over 40 crore Mudra loans have been disbursed since 2015. Any small business, self-employed person or micro entrepreneur can apply.
Category
Loan Amount
Best For
Shishu
Up to Rs 50,000
New micro business, street vendor, home-based enterprise
Before applying for any business loan or government scheme, register your business on Udyam Registration (udyamregistration.gov.in). It is free, takes 10 minutes and gives your business official MSME status. This unlocks priority lending from banks, lower interest rates and access to all government schemes.
PM Mudra Shishu loan (up to Rs 50,000) is the most accessible — no collateral, minimal documentation and available at any bank or MFI. Apply via Jan Samarth portal (jansamarth.in) for the fastest digital process. Approval can happen in 7–14 days.
GST registration is not mandatory for business loans below Rs 40 lakh turnover threshold. However, having GST registration significantly improves your loan approval chances as it is official proof of business existence. For Mudra Kishor and Tarun loans (above Rs 5 lakh), most banks prefer GST-registered businesses.
No. PMEGP is specifically for new businesses and you cannot combine it with other central government subsidy schemes for the same project. Mudra loan is for existing businesses. Choose based on your situation — new business starting up should apply for PMEGP; existing business needing working capital should apply for Mudra Kishor or Tarun.
Yes. Jan Samarth (jansamarth.in) is an official Government of India portal developed by the Ministry of Finance. It is completely free to register and apply. No advance fee is required at any stage. Be cautious of third-party websites claiming to help you apply on Jan Samarth for a fee.
⚠️ Disclaimer: All information is for educational purposes only. Loan rates and scheme details are based on publicly available data as of June 2026 and may change. FinMandi is an independent information platform and is not affiliated with the Government of India or any bank. Always verify on official portals before applying.