Kishore project report
Rs 50,001 – Rs 5,00,000
The Kishore category is the mid-tier of Pradhan Mantri Mudra Yojana, providing loans from Rs 50,001 to Rs 5,00,000. It is designed for entrepreneurs who have an established business or a well-planned startup that needs significant working capital, equipment, or expansion funding. Kishore loans bridge the gap between micro-finance and traditional SME lending.
Most Kishore applicants qualify on day one
Tick the criteria below — chances are you already meet them. Use the eligibility calculator for a personalised score.
Indicative Kishore approval-likelihood for a typical applicant.
Calculate yoursIndian citizen aged 18–65 years
Non-corporate, non-farm small or micro enterprise
Business plan or project report demonstrating viability
Good credit history (no existing defaults)
Minimum 6 months of business experience preferred (but not mandatory for well-planned startups)
Valid KYC documents and business proof
What to keep at hand
Most banks ask for the same essentials. We've illustrated each so you know exactly what to look for.
Aadhaar Card and PAN Card of the applicant
Passport-size photographs (2 copies)
Business registration or trade licence
Proof of business address (utility bill, rent agreement, ownership deed)
Project report with financial projections and CMA data
Bank statements of last 12 months
Income Tax Returns of last 2 years (if available)
Quotation for machinery or equipment to be purchased
Partnership deed / MOA / AOA (if applicable)
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Kishore-specific questions
What is the loan range under Kishore Mudra?
Kishore Mudra loans range from Rs 50,001 to Rs 5,00,000. This mid-tier category is designed for established micro-businesses that need growth capital beyond what Shishu offers.
Is a project report mandatory for Kishore loans?
Yes. Banks require a detailed project report with financial projections, CMA data, and business plan for Kishore category loans. The project report is a key factor in loan approval.
What is the interest rate for Kishore Mudra loans?
Interest rates typically range from 9% to 12% per annum depending on the bank, loan amount, borrower profile, and business type. Women borrowers and SC/ST applicants may get preferential rates.
Can I use a Kishore loan for working capital?
Yes. Kishore loans can be used for both working capital (raw materials, inventory, operating expenses) and term loans (machinery, equipment, renovation). Many borrowers combine both.
How is Kishore different from Shishu?
Shishu covers loans up to Rs 50,000 and requires minimal documentation. Kishore covers Rs 50,001 to Rs 5,00,000 and requires a detailed project report, more documentation, and typically targets more established businesses.
Can I upgrade from Shishu to Kishore?
Yes. If you have successfully repaid a Shishu loan, you can apply for a higher Kishore loan. Timely repayment of a Shishu loan significantly boosts your Kishore approval chances.
What businesses are most commonly funded under Kishore?
Common Kishore-funded businesses include grocery shops, beauty parlours, pharmacies, small restaurants, repair workshops, computer centres, and manufacturing units. Any legal non-farm business is eligible.
Is there any subsidy available with Kishore loans?
Kishore loans can be combined with government subsidy schemes like PMEGP (up to 25-35% subsidy) and Swabalamban (15-25% subsidy) depending on your state and category. These subsidies reduce your effective loan burden significantly.
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