o;? Bank of Maharashtra
Pradhan Mantri Mudra Yojana

Term loan & Cash Credit facility up to 10.00 lakh to nonfarm units engaged in Manufacturing, trading & service activities.

Food products sector, activities allied to agriculture and services in these area up to Rs.10.00 Lakh included under PMMY.

Schemes under PMMY are -

  • Shishu – Loans up to 50000/-
  • Kishore - Loans from 50001/ - to 500000/-
  • Tarun - Loans from 500001/ - to 1000000/-

Overdraft facility extended for eligible PMJDY beneficiary will be covered under PMMY.

No collateral & third party guarantee.

Interest Rate :

  • MSE loans up to Rs.10.00 lakh : @MCLR+1.75%+BSS
  • Agricultural allied activity, food processing etc. up to Rs.10.00 lakh : @MCLR+2.00%+BSS (at Simple Interest)

(BSS is Business Strategy Spread which is at present: 0.25%)

MUDRA Debit Card will be provided to all Cash Credit account holders under PMMY

Loan Application Form for Pradhan Mantri Mudra Yojana (PMMY)

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Press Release for Quarter/ Nine Months ended 31st December 2018

Revised Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 07.03.2019

Press Release For the Quarter and Nine months ended 31st December 2017

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Amendment to service charges of notification dated 01-02-2016, w.e.f. 01-08-2017

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IMPORTANT: Bank of Maharashtra never ask for Bank account details for any purpose through phone call/email/SMS.

Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.