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PM Mudra Loan EMI Calculator
Shishu · Kishore · Tarun · Tarun Plus — EMI, moratorium, project cost, prepayment & repayment capacity
Loan without collateralup to ₹20 lakhfor small businesses
Start with
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Shishuup to ₹50,000
Kishore₹50k – ₹5 lakh
Tarun₹5 – 10 lakh
Tarun Plus₹10 – 20 lakh
% p.a.
months
Moratorium (EMI holiday) bank’s decision
More options: fees, repayment capacity & prepayment
% of loan
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month
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Monthly EMI—
Loan amount
Total interest
Schedule starts next month. EMIs are rounded to the nearest rupee; your bank’s schedule may differ by a few rupees.
Principal repaid
Interest paid
| Interest rate | Monthly EMI | Total interest | Total you repay | Extra vs lowest |
|---|
Same loan amount and period. A 2% lower rate can save thousands — compare offers from public sector banks, private banks, small finance banks and MFIs.
| Category | Loan amount | Best for | Usual repayment |
|---|---|---|---|
| 🌱 Shishu | Up to ₹50,000 | Starting a very small business — stock, tools, a cart or stall | Up to 5 years |
| 🌿 Kishore | ₹50,001 – ₹5 lakh | Growing a running business — machines, more stock, a shop | Up to 5 years |
| 🌳 Tarun | ₹5 – 10 lakh | Expanding an established business | Up to 7 years |
| 🏆 Tarun Plus | ₹10 – 20 lakh | Borrowers who have fully repaid an earlier Tarun loan | Up to 7 years |
✅ Key features
- For non-farm income-generating activities: manufacturing, trading, services, and activities allied to agriculture (dairy, poultry, fisheries).
- No collateral security; loans are covered by the Credit Guarantee Fund for Micro Units (CGFMU).
- Given by public & private banks, small finance banks, regional rural banks, NBFCs and MFIs.
- Interest rate is decided by each lender — there is no single fixed Mudra rate.
💡 Good to know
- Above ₹50,000, banks usually finance about 80% of the project cost; you bring the rest (margin money).
- Banks may allow a moratorium (EMI holiday) of a few months while the business starts.
- Working capital can be given through a MUDRA Card (RuPay debit card) as an overdraft.
- Beware of agents — no one is authorised to charge a fee to “get” a Mudra loan.
📄 Documents usually needed
- Aadhaar and PAN card
- Passport-size photos
- Address proof (home & business)
- Udyam registration / business proof
- Bank statement (last 6–12 months)
- Quotation for machines / items to buy
- Business plan or project report (Kishore, Tarun)
- ITR / balance sheet (Tarun, Tarun Plus)
- Caste certificate, if applicable
🧭 How to apply
- Choose the category based on the amount you need.
- Prepare your documents and a simple business plan.
- Apply at any bank, NBFC or MFI branch, or online on the JanSamarth portal.
- The lender checks your plan and credit history, then sanctions the loan.
- Money is paid to your account or directly to the supplier.
For estimates only. Interest rate, fees, margin and moratorium are decided by your lender — please confirm the final terms in your sanction letter.