The PM Mudra Yojana sets out specific eligibility criteria for its loans, targeting non-farm enterprises operating in manufacturing, trading, and services sectors, provided their credit requirements are below ₹10 lakhs. This initiative aims to support small businesses and entrepreneurs, particularly those from disadvantaged backgrounds, by offering them access to financial assistance for their ventures. By facilitating access to credit, the scheme aims to promote entrepreneurship, generate employment opportunities, and foster economic growth at the grassroots level. The scheme's focus on smaller enterprises is intended to empower individuals and communities, ultimately contributing to the country's overall economic development.

Yes, housewives who are also entrepreneurs can apply for the Mudra Loan under the Mudra Loan for women category. They may avail the loan to fund their business, belonging to any of the below-listed categories:

• Dairy and animal

• Food

• Garments

• Transportation

• Manufacturing

• Shop 

• Trading  

Yes, Mudra Loan applicants need to provide proof of income. The Bank assesses the applicants’ income through the following documents:

• Proof of income - Latest ITR Financial Docs of Income

• Last 6 months Bank statement

• Loan application form

• Ownership proof of residence/office

• Proof of continuity of business

• Trade references

The MUDRA Loan is specifically designed to cater to business needs and is not intended for personal use or consumption purposes. To facilitate working capital requirements, MUDRA has introduced the "MUDRA Card," a Debit Card issued on the RuPay platform. This card offers convenient access to credit in a flexible manner, with credit limits of up to ₹10 lakh. The MUDRA Card is available in three categories: Shishu, Kishore, and Tarun, each catering to different levels of credit needs for small businesses. This initiative aims to provide easy and hassle-free credit access to entrepreneurs, promoting the growth and development of small enterprises across the country.

HDFC Bank offers Mudra Loans to non-farm enterprises engaged in manufacturing, trading, or services. You can apply if your business falls into any of these sectors and your credit requirement is below ₹10 lakh. The loan specifically supports micro-units and small entrepreneurs aiming to expand operations.

HDFC Bank provides Mudra Loans under three categories—Shishu, Kishor, and Tarun. You can apply for Shishu for loans up to ₹50,000, Kishor for amounts between ₹50,000 and ₹5 lakh, and Tarun for funding between ₹5 lakh and ₹10 lakh, depending on your business stage and needs.

Under the Shishu category of HDFC Bank’s Mudra Loan, you can avail a loan amount of up to ₹50,000. This category is suitable if your business is at an early stage and requires smaller funding to cover startup costs or initial operational needs.

HDFC Bank’s Kishor category under the Mudra Loan scheme allows you to borrow between ₹50,000 and ₹5 lakh. This is ideal if your business is in a growing phase and you need financial support to expand infrastructure, purchase equipment, or manage working capital.

To apply for a Mudra Loan from HDFC Bank, you must submit a valid photo identity, current address proof, latest income documents or ITR, last 6 months’ bank statement, ownership proof of residence or office, business continuity proof, trade references, and the completed loan application form.

The Tarun category of HDFC Bank’s Mudra Loan scheme offers loans ranging from ₹5 lakh to ₹10 lakh. You can opt for this if your business is well-established and requires substantial capital to scale up operations or make significant investments in resources or assets.