PM Aadhar Card Loan 2023, Online Application without security

Last Updated on August 27, 2023 by Brajesh

PM Aadhar Card Loan 2023 | PM Aadhar Card Loan 2020 |Aadhar Card Loan Yojana | Online application of PM Aadhar Card Loan |

In India now everyone is trying to start some business by investing some amount from their savings or by borrowing loan from Banks. It is very easy to get loan from banks for people who were either already having some existing business or having property or capital as a guarantee. For general people it is very difficult to start a business by taking loan from banks because of documentation formalities and guarantees.

Now keeping this in view , Prime Minister had started a new scheme or Yojana , where small loans are provided to applicant without any security or guarantee and the name of the scheme is Pradhan Mantri Aadhar Card Loan Yojana.

I believe if you are reading this article, it means you need loan from bank to start some business without any guarantee and this is the exact place which will help you. Here, we will tell you about PM Aadhar card loan 2023, how to apply this loan, benefits, requisite documents for application & name of the banks which provide this loan.

PM Aadhar Card Loan
Mudra Loan

PM Aadhar Card Loan 2023

Pradhan Mantri Aadhar Car Loan Yojana is also known as Pradhan Mantri Mudra Yojana or Mudra loan. This scheme help small businessmen of the country to get loan easily from banks without any security or guarantee.

Along with establishment , it also bears cost of operation for newly started business. To get this loan applicant need to have identity proof in the form of Aadhar Card and a loan
up to ₹1000000 can be disbursed under this scheme in the designated bank account of the applicant.

As told earlier, PM Aadhar Card loan is basically Pradhan Mantri MUDRA Yojana (PMMY) which is launched by honourable Prime Minister on 8th April 2015 to provide or sanction
loan to non -corporates. These loans are sanctioned by Commercial banks, Regional Rural banks, Small Finance Banks & NBFC’s.

Types PM Aadhar Card Loan 2023

PM Aadhar Card Loan is categorized under 3 types, basis loan amount

  • Shishu                             :- Loan Amount Sanction up to  ₹50,000
  • Kishore                            :- Loan Amount Sanction from ₹50,000 to ₹500000
  • Tarun                               :- Loan Amount Sanction from ₹500,000 to ₹1000000

All these 3 categories showcase the stages of growth and funding requirements

Full Form of Mudra Scheme

Full form of Mudra Scheme is Micro Units Development Refinance Agency (MUDRA). This has been setup to provide assistance to Non Corporate Small Business (NCSB) Sector . NCSB comprises of small proprietors , partnership firm including shopkeepers, small manufacturing units, vegetable vendors etc. People wanted to apply for this loan should visit nearest bank branches or can apply online for PM Aadhar Card Loan

Who can apply for PM Aadhar Card Loan 2023

Any Non corporates Small Business sector irrespective of any security ir guarantee, can apply for this Loan either hence an Individual/Propreitor/Partnership Firm/LLBcan apply for mudra Loan.

Lis of applicant:-

  • Shopkeeper
  • Vegetable Seller
  • Fruits vendors
  • Truck operators
  • Food-service units
  • Repair shops
  • Machine operators
  • Saloons
  • Tailoring
  • Small industries
  • Artisans
  • Food processors
  • Others

Applicant can apply from rural and urban areas both.

Condition to apply for PM Aadhar Card Loan 2023

  • Applicant needed to be a citizen of India.
  • Minimum age for applicant will be 18 Years or more upto 60 Years
  • Applicant should have a healthy Credit Score
  • Applicant should have Aadhar Card and Mobile number
  • Applicant must have a Bank Account

Benefit of PM Aadhar Card Loan 2023

PM Aadhar Card Loan carries following important benefits:-

  • Credit facilities to small business owner
  • No guarantee or security is required
  • No processing charges
  • Can be used for variety of business & purposes
  • No minimum loan amount. Applicant can apply for ₹ 10000 to ₹10,00000

How to apply for PM Aadhar Card Loan 2023

Following steps to be followed for applying PM Aadhar Card Loan or Mudra Loan :-

  • Select a bank to apply for this Loan or visit
  • Decide an amount which commensurate with the size of your business.
  • Search for Mudra Scheme in the online website of respective banks.
  • Scroll the Mudra form and read the requirements.
  • Fill the form as per the instruction given.
  • Application will require basic details related to your identity proof like Name, Address, Aadhar Card, PAN Card etc.
  • Fill the amount of loan required & purpose of loan. Also select tenure of loan (maximum up to 60 Months).
  • After completing all the details submit by using “Apply” button.
  • After completion of all these requirement loan will be sanctioned to your bank account

Documents required for PM Aadhar Card Loan 2023 (Mudra Loan)

Following documents were required to apply for PM Aadhar Card Loan :-

  • Aadhar Card
  • Residential Proof
  • Income Proof
  • Identity Proof
  • PAN Card
  • Mobile No
  • Agreement in case of Partnership Firm
  • Last 6 months Bank Statement
  • Passport size photo

Which Banks Sanction PM Aadhar Card Loan 2023 (Mudra Loan)?

PM Aadhar Card Loan 2023 (Mudra Loan) is sanctioned by almost all financial institutions. Department of Financial Services (DFS) has instructed all Public Sector Banks, Regional Rural Banks & Small Finance Banks to Sanction Mudra Loan to applicant.

12 Public Sector Banks who provides PM Aadhar Card Loan (Mudra Loan) Were:-

  1. State Bank of India
  2. Punjab National Bank
  3. Bank of Baroda
  4. Central Bank of India
  5. Bank of India
  6. Indian Overseas Bank
  7. Union Bank of India
  8. Canara Bank
  9. Indian Bank
  10. Bank of Maharashtra
  11. UCO Bank and
  12. Punjab and Sind Bank

RRB’s sanctioning PM Aadhar Card Loan (Mudra Loan) were :-

  1. Pragathi Krishna Gramin Bank
  2. Saurashtra Gramin Bank
  3. Punjab Gramin Bank
  4. Meghalaya Rural Bank
  5. Bihar Gramin Bank
  6. Pallavan Grama Bank
  7. Uttar Bihar Gramin Bank
  8. Chaitanya Godavari Grameena Bank
  9. Baroda Uttar Pradesh Gramin Bank
  10. Narmada Jhabua Gramin Bank
  11. Baroda Rajasthan Kshetriya Gramin Bank
  12. Kerala Gramin Bank
  13. Kaveri Grameena Bank
  14. Puduvai Bharathiar Grama Bank
  15. Sutlej Gramin Bank
  16. Baroda Gujarat Gramin Bank
  17. Saptagiri Grameena Bank
  18. Deccan Grameena Bank
  19. Pandyan Grama Bank
  20. Sarva Haryana Gramin Bank
  21. Prathama Gramin Bank
  22. Pandyan Grama Bank
  23. Kaveri Grameena Bank
  24. Karnataka Vikas Grameena Bank
  25. Dena Gujarat Gramin Bank
  26. Andhra Pragathi Grameena Bank
  27. Tripura Gramin Bank
  28. Sarva UP Gramin Bank
  29. Dena Gujarat Gramin Bank
  30. Madhya Bihar Gramin Bank
  31. Malwa Gramin Bank
  32. Maharashtra Gramin Bank
  33. Marudhara Gramin Bank

Private Banks giving PM Aadhar Card Loan (Mudra Loan) were:-

  1. Axis Bank Ltd
  2. ICICI Bank Ltd
  3. HDFC Bank Ltd
  4. Kotak Mahindra Bank Ltd
  5. IDFC Bank Ltd
  6. Yes Bank Ltd
  7. IndusInd Bank Ltd
  8. The Ratnakar Bank Ltd
  9. Jammu & Kashmir Bank Ltd
  10. South Indian Bank
  11. Catholic Syrian Bank Ltd
  12. Federal Bank Ltd
  13. DCB Bank Ltd
  14. Tamilnad Mercantile Bank Ltd
  15. City Union Bank Ltd
  16. Karur Vysya Bank Ltd
  17. Karnataka Bank Ltd
  18. Nainital Bank Ltd

Interest Rate on PM Aadhar Card Loan (Mudra Loan)

The interest rate on Mudra loans is based on MCLR rates set up by RBI. Interest rates varies from one to another bank. Average Interest rate range from 8.55 % to 11 %.

Synopsis of PM Aadhar Card Loan (Mudra Loan)

PM Aadhar Card Loan Name    :- Mudra Yojana
Launched Date                          :- 8th April 2015
Launched by                              :- Prime Minister of India
Objective                                   :- To promote business in non corporate business owner
Amount of Loan                        :- From ₹5000 to ₹10,00,000/-
Application Mode                     :- Online or Offline
Official Website                         :-Click here for Official website

Frequently Asked Question on

PM Aadhar Card Loan

It is also know as Mudra Loan
Mudra Loan is of 3 types. Shishu, Kishore & Tarun.
Maximum Loan can be given up to ₹ 10,00,000/-
Any Non corporates Small Business owner whether he is Shopkeeper, Vegetable Seller, Fruits vendors, Truck operators, Food-service units, Repair shops or others.
All commercial banks including Public Sector & Private Sector Banks along with RRB's & SFB;s
No Security or guarantee is required for application of Mudra Loan or PM Aadhar Card Loan


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