Ministry of Finance
MUDRA Loan - Tarun Plus is a new fourth category introduced under the Pradhan Mantri MUDRA Yojana (PMMY) in Budget 2024-25, providing collateral-free loans between Rs.10 lakh and Rs.20 lakh to micro and small entrepreneurs. It is exclusively available to borrowers who have previously availed and successfully repaid loans under the Tarun category (up to Rs.10 lakh). The scheme is administered by MUDRA (Micro Units Development and Refinance Agency) through scheduled commercial banks, regional rural banks, small finance banks, and MFIs. It aims to support the expansion and growth of existing micro enterprises across manufacturing, trading, and service sectors. Loans are covered under the Credit Guarantee Fund for Micro Units (CGFMU) managed by NCGTC.
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Check Eligibility
Confirm you have successfully repaid a prior MUDRA Tarun loan and your enterprise qualifies as micro or small under PMMY guidelines.
Gather Documents
Collect identity proof, address proof, Udyam registration certificate, bank statements showing repayment of previous Tarun loan, and enterprise proof.
Apply via Bank or JanSamarth Portal
Visit any eligible lending institution (scheduled commercial bank, RRB, small finance bank, NBFC-MFI) or apply online at jansamarth.in under PMMY Tarun Plus.
Loan Appraisal
The lending institution appraises your application, verifies repayment history and enterprise viability, and processes the loan under MUDRA refinance framework.
Disbursement and MUDRA Card
Upon sanction, loan is disbursed to your account and a MUDRA debit card is issued for working capital portion. Coverage under CGFMU guarantee is automatically activated.