Loan Amount
Axis Bank Mudra loans offer loan amounts of up to Rs 10 lakh and are categorised as follows to signify the stage of development, growth and funding needs of the borrower:
| Categorisation |
Loan Amount |
| Shishu |
Up to Rs 50,000 |
| Kishor |
Above Rs 50,000 to Rs 5 lakh |
| Tarun |
Above 5 lakh to Rs 10 lakh* |
*However, as per the Budget announcement and the Official Gazette dated 24 October 2024, a new loan category, Tarun Plus, has been introduced, offering loans ranging from above Rs 10 lakh to Rs 20 lakh. The loan is offered to those eligible individuals who have previously availed and successfully repaid loans under the Tarun category.
Credit Facility
Collateral: The loans covered under Mudra loans are collateral-free loans
Type of loan facility: Mudra loan applicants can avail loan in the form of term loans, overdrafts, cash credit or non-fund-based facilities such as bank guarantees, letters of credit, etc.