ICICI Bank Mudra Loan

ICICI Bank offers Mudra Loans to all small/micro enterprises for funding their non-farm income generating activities. Perspective borrowers can avail ICICI Bank Mudra Loan scheme for a loan amount of up to Rs 10 lakh. However, as per the Budget 2024-25 announcement and Official Gazette, 24 October 2024, the loan limit has been increased to Rs 20 lakh under a new category, Tarun Plus. The funding under the new category will be offered to those entrepreneurs in the Tarun category who have repaid previous loans.

Updated: 12-02-2026 09:10:46 AM

Rates as of 6th February 2024

ICICI Bank has not specified the interest rates of its Mudra Loan scheme. However, consumers can visit the ICICI bank branches to get details on the ICICI Bank Mudra Loan interest rates.

Purpose

Loan Amount

Prospective borrowers can avail ICICI Bank Mudra loans of up to Rs 10 lakh. These loans are offered under Shishu, Kishor and Tarun categories, each signifying the stage of growth or development and funding needs of the beneficiary unit and covering loan amounts as below:

*However, as per the Budget announcement and the Official Gazette dated 24 October 2024, a new loan category, Tarun Plus , has been introduced in Mudra loans, which covers loan amounts ranging between Rs 10 lakh and Rs 20 lakh. The loans under this new category are offered to those eligible individuals who have previously availed and successfully repaid loans under the Tarun category.

Collateral

No collateral is required to avail ICICI Bank Mudra Loans.

ICICI Bank offers Mudra Loans to all non-corporate small/microbusinesses including proprietorship or partnership firms running as small manufacturing units, shopkeepers, machine operators, fruits/vegetable vendors, truck operators, food-service units, service sector units, repair shops, small industries, food processors and others in rural and urban areas.

For Vehicle Loans:

For Business Installment Loan:

For BLG (Business Loans Group) and RBC (Rural Business Credit):