Get loan up to Rs. 10 Lakh in one hour; Full details inside

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PNB grants a loan in just 59 minutes





If you want to start your own business but you don’t have sufficient funds for it, don’t worry as the government provides loans up to Rs. 10 million….












Pradhan Mantri Mudra Yojana or PMMY is a program introduced by the Prime Minister on 8e April 2015 with the aim of providing loans of up to 10 lakhs to non-farm and non-farm small/micro enterprises. These loans are known as Mudra loans under the PMMY. Commercial banks, RRBs, small financial banks, MFIs and NBFCs provide these loans. Today in this article, we will discuss the features and benefits of PNB Mudra loan.

The Punjab National Bank (PNB) Mudra Loan is provided to Micro-Small and Medium Enterprises (MSMEs) engaged in non-agricultural activities (manufacturing, trade, service sectors, etc.). In addition, people involved in non-agricultural activities such as animal husbandry and dairy can also take out a PNB Mudra loan.

PNB Mudra Loan Features and Interest Rates

  • Interest rate – from 9.55% per annum

  • Loan amount – Min. is no limit while Max. is up to Rs. 10,000,000

  • Repayment term – up to 5 years

  • Guarantee/Security – not required












Eligibility Criteria for PNB Mudra Loan

Individuals, Business Owners, Entrepreneurs, MSMEs, LLCs, Sole Proprietorships, Partnerships, and Limited Liability Partnerships (LLPs) can apply for a PNB Mudra loan.

Businesses for which the loan is required must be in revenue-generating sectors in the service, manufacturing/trading sectors.

Businesses of agricultural related activities such as fish farming, agricultural clinics, etc. are also eligible for the PNB Mudra loan.

Types of PNB Mudra Loan

Three financing options are available under the PNB Mudra loan. The category/type/division is based on the growth of the business and the amount of loan needed by the business.

Shishu – Here the applicant gets a maximum amount of Rs. 50,000. It is better for aspiring businessmen or start-ups.

Kishore – In this, the applicant can get financial assistance ranging from Rs. 50,000 – Rs. 5,000,000. the repayment period. It is granted to business owners who have already started a new business and need additional help with its expansion.












Tarun – Under this, the applicant can get a loan up to Rs. 10,000,000. The bank will check the credit history of the applicant and set the interest rate and repayment period accordingly.

Required Documents for Mudra Yojana

  • Proof of Identity – PAN Card, Aadhaar Card, Passport, Voter ID Card, Photo Credit Card, Driver’s License, Proof of Central and State Government Issued Photo ID, ID Card defense identity, etc.

  • Proof of residence/company – ration card, Aadhaar card, passport, voter ID card, bank account statement, letter from a recognized public authority, electricity bill, water bill, utility bill telephone (not older than three months), etc.

  • Recent passport size photograph

  • Bank statement for the last 6 months












How to Apply for a PNB Mudra Loan

To apply for a loan, complete the application form and submit it to your nearest PNB branch.

You can also apply online via official site.

PNB Customer Service Number

If you have any questions or need more details, call the number listed below;

Toll-free number 1800-180-2222

Toll-free number 1800-103-2222

Landline number 011-28044907











First Published: July 03, 2022, 05:28 IST


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