Mudra loans have been divided into three categories — Shishu loans of up to Rs 50,000, Kishore loans above Rs 50,000 and up to Rs 5 lakh, and Tarun loans above Rs 5 lakh and up to `10 lakh.

Source: https://www.financialexpress.com/industry/sme/msme-fin-mudra-loans-sanctioned-disbursed-hit-all-time-high-in-fy23-ticket-size-nearly-doubled-sbi-research/3089972/

The scheme was launched to encourage small businesses, and banks were asked to provide collateral-free loans up to Rs 10 lakh under three categories -- Shishu (up to Rs 50,000), Kishore (between Rs 50,000 and Rs 5 lakh) and Tarun ( Rs 10 lakh).

Source: https://www.ndtv.com/business/banks-sanction-rs-23-2-lakh-crore-to-41-crore-beneficiaries-under-pm-mudra-yojana-3930582