Shishu Mudra Loan 2026 ₹50,000 Loan
प्रधानमंत्री मुद्रा योजना (PMMY) – शिशु कैटेगरी | बिना गारंटी के ₹50,000 का लोन
Shishu Category
₹50,000 Loan
Apply Online
Shishu Mudra Loan 2026 Application Started! Loan up to ₹50,000 available without any collateral. Apply online at any of the top 10 banks below.
₹50,000
Maximum Loan Amount
8.50%
Starting Interest Rate
10+
Top Banks
0
Collateral Required
📖 What is Shishu Mudra Loan?
Shishu Mudra Loan is the first category under Pradhan Mantri Mudra Yojana (PMMY). It provides loans up to ₹50,000 to new and small businesses. This category is specially designed for startups, street vendors, artisans, and micro-enterprises that need initial capital.
Key Feature: No collateral or guarantor required for Shishu Mudra Loan. You can get loan solely based on your business plan and identity proof.
🏆 Top 10 Banks for Shishu Mudra Loan 2026
Compare interest rates and apply online for Shishu Mudra Loan at these top banks:
| Rank | Bank Name | Interest Rate (p.a.) | Processing Fee | Apply Online |
|---|---|---|---|---|
| 🥇 1 | State Bank of India (SBI) | 8.50% – 9.50% | Nil | Apply |
| 🥈 2 | Bank of Baroda (BOB) | 8.70% – 9.75% | Nil | Apply |
| 🥉 3 | Punjab National Bank (PNB) | 8.60% – 9.70% | Nil | Apply |
| 4 | Canara Bank | 8.60% – 9.80% | Nil | Apply |
| 5 | Union Bank of India | 8.75% – 9.85% | Nil | Apply |
| 6 | Bank of India (BOI) | 8.80% – 9.90% | Nil | Apply |
| 7 | Indian Bank | 8.65% – 9.75% | Nil | Apply |
| 8 | HDFC Bank | 9.10% – 10.50% | Up to 0.50% | Apply |
| 9 | ICICI Bank | 9.25% – 10.75% | Up to 0.50% | Apply |
| 10 | Central Bank of India | 8.55% – 9.65% | Nil | Apply |
💡 Tip: Public Sector Banks (SBI, BOB, PNB, Canara Bank) offer Nil processing fee for Shishu Mudra Loan. Women entrepreneurs get 0.25% – 0.50% lower interest rate.
🚀 Shishu Mudra Loan Apply Online – Step by Step
Shishu Mudra Loan apply online is simple and fully digital. Follow these steps:
1
Choose Your BankSelect from Top 10 Banks
2
Visit Official WebsiteOr Download Mobile App
3
Fill Application FormPersonal & Business Details
4
Upload DocumentsAadhar, PAN, Business Proof
5
Submit & TrackLoan in 7-10 Days
Quick Apply: You can also apply through UMANG App, SBI YONO App, or Udyamimitra Portal for instant Shishu Mudra Loan application.
📱 Bank-Wise Online Apply Process
SBI Shishu Mudra Loan Apply Online
SBI YONO App → Loans → Mudra Loan → Apply
Net Banking: retail.onlinesbi.com
Website: sbi.co.in/mudra-loan
Visit nearest SBI branch
Bank of Baroda Shishu Mudra Loan
Baroda M-Connect Plus App
Net Banking: bankofbaroda.in
Website: bankofbaroda.in/mudra-loan
✅ Shishu Mudra Loan Eligibility Criteria
Indian citizen (minimum 18 years of age)
Small business owner / entrepreneur
Street vendors, hawkers, artisans
Food vendors, canteen owners
Tailors, beauticians, mechanics
Home-based business owners
No Credit Score Required! Shishu Mudra Loan is available even if you have no prior credit history.
📄 Documents Required for Shishu Mudra Loan
Shishu Mudra Loan requires minimal documentation:
Aadhaar Card
PAN Card (Optional for ₹50,000)
Passport size photograph
Business proof (Simple declaration)
Bank account statement (last 3 months)
Address proof (Electricity bill / Rent agreement)
✅ Special for Shishu Loan: Formal business registration (GST, Shop Act) is NOT mandatory for Shishu category up to ₹50,000.
🧮 Shishu Mudra Loan EMI Calculator
Calculate your monthly EMI for ₹50,000 Shishu Mudra Loan:
Your EMI Details
Monthly EMI: ₹0
Total Interest: ₹0
Total Payment: ₹0
👩🦰 Special Benefits for Women, SC/ST, OBC
Women Entrepreneurs: 0.25% – 0.50% lower interest rate
SC/ST Applicants: 0.25% concession + faster processing
OBC Applicants: 0.25% concession in most banks
Udyam Registered: Priority in loan sanction
🔗 Official Links for Shishu Mudra Loan Apply
❓ Frequently Asked Questions
Q1: What is Shishu Mudra Loan 2026?
A: Shishu Mudra Loan is the first category of PMMY providing loans up to ₹50,000 to new and micro businesses without any collateral.
Q2: Which bank is best for Shishu Mudra Loan?
A: SBI offers the lowest interest rate (8.50%) with nil processing fee. Bank of Baroda, PNB, and Canara Bank are also top choices.
Q3: How to do Shishu Mudra Loan apply online?
A: You can apply through SBI YONO App, UMANG App, Udyamimitra Portal, or any bank’s official website. The process is fully digital.
Q4: What is the interest rate for Shishu Mudra Loan?
A: Interest rates range from 8.50% to 10.75% depending on the bank. SBI offers the lowest at 8.50%.
Q5: Is GST required for Shishu Mudra Loan?
A: No, GST registration is NOT mandatory for Shishu category loan up to ₹50,000. A simple business declaration is sufficient.
Q6: Can I get Shishu Mudra Loan without any business proof?
A: Yes, for Shishu category, you can give a self-declaration about your business. No formal registration required.
Q7: What is the processing time for Shishu Mudra Loan?
A: After online application, the loan is typically sanctioned within 7-10 working days.
Q8: Is there any subsidy on Shishu Mudra Loan?
A: There is no direct subsidy, but women and SC/ST applicants get 0.25%-0.50% interest concession.