MUDRA/PMMY is a government framework under which participating banks and financial institutions may provide eligible micro-enterprise credit. Fundwise Wealth does not issue the loan and does not promise government approval.
Broad eligibility considerations
Business activity, category, requested amount, repayment ability, KYC, credit assessment and the participating lender’s current policy apply.
Documents commonly requested
- Applicant and business KYC
- Business proof/registration where applicable
- Banking and income records as requested
- Quotation or use-of-funds details where relevant
Final approval, pricing, security, scheme coverage and terms are decided by the relevant lender or institution after assessment.