"MUDRA is an institution for refinancing. Direct lending is provided by MUDRA to microentrepreneurs and individuals. Mudra loans provided by MFIs, NBFCs, and the PradhanMantri Mudra Yojana (PMMY). On the same page, borrowers can now submit an online application for MUDRA loans.

Note: Mudra Loan acquisition is not facilitated by middlemen or agents, according to MUDRA. It is advised that borrowers stay away from those posing as PMMY or MUDRA organizers or agents."