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Find the list of banks giving MUDRA loans under the Pradhan Mantri MUDRA Yojana (PMMY). Compare options and choose a lender that suits your business needs.
Last updated on: Jul 07, 2026
The Pradhan Mantri MUDRA Yojana (PMMY) is a government-backed scheme that provides funding to micro and small businesses in India. It supports non-corporate and non-farm enterprises such as small manufacturers, traders, service providers, and allied agricultural activities. To apply under the scheme, you can check the MUDRA loan banks list and choose a suitable lender.
Under this scheme, you can apply for loans through a wide network of public sector banks, private banks, regional rural banks (RRBs), small finance banks, non-banking financial companies (NBFCs), and microfinance institutions (MFIs).
Under this scheme, the Micro Units Development and Refinance Agency Ltd. (MUDRA) offers eligible borrowers access to collateral-free loans in four distinct tiers:
Shishu: up to ₹50,000
Kishore: ₹50,001 to ₹5 Lakhs
Tarun: ₹5 Lakhs to ₹10 Lakhs
Tarun Plus: ₹10 Lakhs to ₹20 Lakhs (available to those who have successfully repaid Tarun loans earlier)
These loans are disbursed through a vast network of Member Lending Institutions (MLIs):
Public Sector Banks
Private Sector Banks
Regional Rural Banks (RRBs)
Co-operative Banks
Non-banking Financial Companies (NBFCs)
Microfinance Institutions (MFIs)
MFI-NBFC
Below is a clear and friendly guide to the types of financial institutions through which you can apply for a MUDRA loan—making your path to financing simple, accessible, and dependable.
MUDRA loans are made available through a wide network of Member Lending Institutions across India. These include public sector banks, private sector banks, regional rural banks, cooperative banks, NBFCs, and Micro-Finance Institutions (MFIs).
Below is the official list of institutions grouped by category, as per the MUDRA loan banks list of lending institutions shortlisted to be partners of MUDRA:
Here are the public sector banks where you can apply for a MUDRA loan:
| Sr. No. | Bank Name |
|---|---|
1 |
State Bank of India |
2 |
Bank of Baroda |
3 |
Bank of India |
4 |
Bank of Maharashtra |
5 |
Canara Bank |
6 |
IDBI Bank Limited |
7 |
Indian Bank |
8 |
Punjab National Bank |
9 |
UCO Bank |
10 |
Union Bank of India |
11 |
Central Bank of India |
12 |
Indian Overseas Bank |
13 |
Punjab & Sind Bank |
Here is the MUDRA loan private bank list where you can apply for a loan under the scheme:
| Sr. No. | Bank Name |
|---|---|
1 |
Axis Bank Limited |
2 |
CSB Bank Limited |
3 |
City Union Bank Limited |
4 |
DCB Bank Limited |
5 |
Federal Bank Limited |
6 |
HDFC Bank Limited |
7 |
ICICI Bank Limited |
8 |
IndusInd Bank Limited |
9 |
Jammu & Kashmir Bank Limited |
10 |
Karnataka Bank Limited |
11 |
Karur Vysya Bank Limited |
12 |
Kotak Mahindra Bank Limited |
13 |
Nainital Bank Limited |
14 |
South Indian Bank |
15 |
Tamilnad Mercantile Bank Limited |
16 |
RBL Bank Limited |
17 |
Yes Bank Limited |
18 |
IDFC First Bank Limited |
Here are Regional Rural Banks through which you can apply for a MUDRA loan. Check out this list of banks offering MUDRA loans:
| Sr. No. | Bank Name |
|---|---|
1 |
Andhra Pragathi Grameena Bank |
2 |
Chaitanya Godavari Grameena Bank |
3 |
Telangana Grameena Bank |
4 |
Saptagiri Grameena Bank |
5 |
Bihar Gramin Bank |
6 |
Madhya Bihar Gramin Bank |
7 |
Uttar Bihar Gramin Bank |
8 |
Gujarat Gramin Bank |
9 |
Dena Gujarat Gramin Bank |
10 |
Kaveri Grameena Bank |
11 |
Karnataka Vikas Grameena Bank |
12 |
Kerala Gramin Bank |
13 |
Maharashtra Gramin Bank |
14 |
Meghalaya Rural Bank |
15 |
Puduvai Bharathiar Grama Bank |
16 |
Malwa Gramin Bank |
17 |
Punjab Gramin Bank |
18 |
Sutlej Gramin Bank |
19 |
Marudhara Gramin Bank |
20 |
Pallavan Grama Bank |
21 |
Pandyan Grama Bank |
22 |
Tripura Gramin Bank |
23 |
Baroda Uttar Pradesh Gramin Bank |
24 |
Prathama Gramin Bank |
25 |
Sarva UP Gramin Bank |
26 |
Narmada Jhabua Gramin Bank |
27 |
Sarva Haryana Gramin Bank |
28 |
Baroda Rajasthan Kshetriya Gramin Bank |
Note: Regional Rural Banks are subject to periodic consolidation and renaming. The above MUDRA Yojana bank list is indicative and may change based on government restructuring.
Here are selected co-operative banks where you can apply for a MUDRA loan. The table below shows the list of banks giving MUDRA loans:
| Sr. No. | Bank Name |
|---|---|
1 |
Gujarat State Co-operative Bank Limited |
2 |
Mehsana Urban Co-operative Bank Limited |
3 |
Rajkot Nagarik Sahakari Bank Limited |
4 |
Kalupur Commercial Co-operative Bank Limited |
5 |
Bassein Catholic Co-operative Bank Limited |
6 |
TJSB Sahakari Bank Limited |
7 |
Jalgaon Janata Sahakari Bank Limited |
8 |
Nutan Nagrik Sahakari Bank Limited |
9 |
Ahmedabad Mercantile Co-operative Bank Limited |
10 |
Surat People Co-operative Bank Limited |
11 |
Dombivli Nagari Sahakari Bank Limited |
12 |
Citizen Credit Co-operative Bank Limited |
13 |
Tamil Nadu Apex State Co-operative Bank Limited |
14 |
Andhra Pradesh State Co-operative Bank Limited |
You can also apply for MUDRA loans through select NBFCs partnered under PMMY. Here are commonly listed institutions:
| Sr. No. | NBFC Name |
|---|---|
1 |
SMFG India Credit Company Limited (formerly Fullerton India) |
2 |
Shriram Finance Limited |
3 |
Poonawalla Fincorp Limited (formerly Magma Fincorp) |
4 |
Religare Finvest Limited |
5 |
MAS Financial Services Limited |
6 |
IKF Finance Limited |
7 |
Intec Capital Limited |
8 |
Sakthi Finance Limited |
9 |
Five-Star Business Finance Limited |
10 |
Indiabulls Commercial Credit Limited |
11 |
Vistaar Financial Services Private Limited |
12 |
IIFL Finance Limited |
13 |
Mahindra & Mahindra Financial Services Limited |
14 |
NABARD Financial Services Limited (NABFINS) |
15 |
Electronica Finance Limited |
16 |
SE Investments Limited |
Note: The list of NBFCs is indicative. Participation under the Pradhan Mantri MUDRA Yojana (PMMY) may change over time based on regulatory approvals, mergers, or operational status. You should check with the lender directly before applying.
Here are selected NBFC–MFIs through which you can access MUDRA loan funding:
| Sr. No. | Institution Name | State |
|---|---|---|
1 |
S V Creditline Private Limited |
New Delhi |
2 |
Margdarshak Financial Services Limited |
Uttar Pradesh |
3 |
Madura Micro Finance Limited |
Tamil Nadu |
4 |
ESAF Micro Finance & Investments Private Limited |
Kerala |
5 |
Fusion Micro Finance Private Limited |
New Delhi |
6 |
Ujjivan Financial Services Private Limited |
Karnataka |
7 |
Future Financial Services Limited |
Karnataka |
8 |
SKS Microfinance Limited (now Bharat Financial Inclusion Limited)* |
Telangana |
9 |
Utkarsh Micro Finance Private Limited |
Uttar Pradesh |
10 |
Equitas Micro Finance Limited |
Tamil Nadu |
11 |
Sonata Finance Private Limited |
Uttar Pradesh |
12 |
Saija Finance Private Limited |
Bihar |
13 |
Arth Micro Finance Private Limited |
Rajasthan |
14 |
Shikhar Microfinance Private Limited |
New Delhi |
15 |
Navachetana Microfin Services Private Limited |
Karnataka |
16 |
Samasta Microfinance Limited |
Karnataka |
17 |
Satin Creditcare Network Limited |
New Delhi |
18 |
Sahyog Microfinance Limited |
Madhya Pradesh |
19 |
Arohan Financial Services Private Limited |
West Bengal |
20 |
Suryodaya Microfinance Limited |
Maharashtra |
21 |
Belstar Microfinance Limited |
Tamil Nadu |
22 |
Jagaran Microfin Private Limited |
West Bengal |
23 |
Digamber Finance Limited |
Rajasthan |
24 |
Midland Microfin Limited |
Punjab |
25 |
RGVN (North East) Microfinance Limited |
Assam |
26 |
Grameen Development & Finance Private Limited |
Assam |
27 |
Hindustan Microfinance Private Limited |
Maharashtra |
28 |
Namra Finance Limited |
Gujarat |
29 |
Muthoot Fincorp Limited |
Kerala |
30 |
Sambandh Finserve Private Limited |
Odisha |
31 |
IDF Financial Services Private Limited |
Karnataka |
32 |
Nightingale Finvest Private Limited |
West Bengal |
33 |
Asirvad Microfinance Private Limited |
Tamil Nadu |
34 |
Village Financial Services Private Limited |
West Bengal |
35 |
Janalakshmi Financial Services Private Limited* |
Karnataka |
36 |
YVU Financial Services Private Limited |
Assam |
37 |
Disha Microfin Private Limited |
Gujarat |
38 |
SMILE Microfinance Limited |
Tamil Nadu |
39 |
Light Micro Finance Private Limited |
Gujarat |
40 |
Uttarayan Financial Services Private Limited |
West Bengal |
41 |
Unacco Financial Services Private Limited |
Assam |
42 |
Varam Capital Private Limited |
Tamil Nadu |
43 |
Vedika Credit Capital Limited |
Jharkhand |
44 |
MSM Microfinance Limited |
Tamil Nadu |
45 |
M Power Micro Finance Private Limited |
Gujarat |
46 |
Intrepid Finance & Leasing Private Limited |
Maharashtra |
Note: The list of NBFC–MFIs is indicative. Participation under the Pradhan Mantri MUDRA Yojana (PMMY) may vary based on regulatory approvals, mergers, or operational changes. You should check with the institution directly before applying.
Here are other microfinance institutions and entities that may support MUDRA-linked lending:
| Sr. No. | Institution Name | Location |
|---|---|---|
1 |
Bhartiya Micro Credit (Section 8 Company) |
Lucknow |
2 |
Sakhi Samudaya Kosh (Section 8 Company) |
Maharashtra |
3 |
Cashpor Micro Credit (Section 8 Company) |
Lucknow |
4 |
CDOT Society |
Bihar |
5 |
Mahana Foundation (Trust) |
Odisha |
6 |
IRCED (Society/Trust) |
Maharashtra |
7 |
NEED |
Lucknow |
8 |
Community Collective Society for Integrated Development |
New Delhi |
9 |
Swayam Micro Services (Section 8 Company) |
Ahmedabad |
10 |
Chanura Microfin |
Manipur |
11 |
Humana People to People India |
New Delhi |
12 |
Disha India Micro Credit (Section 25 Company) |
Uttar Pradesh |
13 |
Annapurna Mahila Multi-State Co-operative Credit Society |
Pune |
14 |
Prayas (NGO/Trust) |
Ahmedabad |
15 |
Dhosa Chandaneshwar Bratyajana Samity |
Kolkata |
16 |
Seba Rahara (Society) |
Kolkata |
17 |
Belghoria Janakalyan Samity (Society) |
Kolkata |
18 |
Gram Bikash Kendra |
Kolkata |
19 |
Shakti Mahila Sangh Bahu Uddeshya Sahkari Maryadit |
Madhya Pradesh |
20 |
Mahasemam Trust |
Tamil Nadu |
21 |
STEP (Section 25 Company) |
West Bengal |
22 |
Life Foundation (Trust) |
Kerala |
23 |
Sanghmitra Rural Financial Services (Section 8 Company) |
Karnataka |
24 |
Pahal Financial Services Private Limited |
Gujarat |
25 |
Blaze Trust |
Tamil Nadu |
26 |
Mahashakti Foundation (Trust) |
Odisha |
Note: The list of microfinance institutions is indicative. Participation under the Pradhan Mantri MUDRA Yojana (PMMY) may vary based on regulatory approvals, mergers, or operational changes. You should check with the institution directly before applying.
Overall, 176 financial institutions are part of the MUDRA ecosystem, making it easier for you to access funding through multiple channels based on your business needs and eligibility.
These include banks, NBFCs, and microfinance institutions that help meet the funding needs of small businesses:
| Category | No. of Institutions |
|---|---|
Public Sector Banks |
13 |
Private Sector Banks |
18 |
Regional Rural Banks (RRBs) |
28 |
Co-operative Banks |
14 |
Non-Banking Financial Companies (NBFCs) |
31 |
NBFC–MFIs |
46 |
Microfinance Institutions (MFIs) |
26 |
Total |
176 |
Disclaimer: As per the Department of Financial Services (DFS), Ministry of Finance, the list is indicative and updated periodically when new institutions are added.
SBI’s e-MUDRA is a streamlined digital offering under PMMY, tailored for micro and small enterprises. Through the SBI portal, borrowers can apply online for loans of up to ₹20 Lakhs—with zero margin for up to ₹50,000 depending on eligibility. Applicants will have to bear a 20% margin for loans larger than ₹50,000. While there is no subsidy available, no collateral has to be provided for any loan worth up to ₹10 Lakhs.
Canara Bank’s PMMY offering supports micro-units through its Online Shishu Mudra facility. It embraces the scheme’s goal of ‘funding the unfunded’ by enabling small business loans digitally. Entrepreneurs can explore features, eligibility, interest rates, and apply online through Canara Bank’s official website. Term loans have a maximum repayment period of 5-7 years, and working capital loans are provided for 1 year.
HDFC Bank extends Tiered PMMY loans—Shishu, Kishore, and Tarun—to micro and small non-farm enterprises, with amounts of up to ₹10 Lakhs. Beneficiaries enjoy quick eligibility checks, minimal paperwork, and rapid online processing. This scheme is part of HDFC’s push to support informal enterprises through digital ease and clarity. You can check the documents required and interest rates for an HDFC Bank MUDRA Loan on their official website.
Bank of Baroda offers Digital Mudra Loans that are available 24×7 via a paperless process. This allows direct disbursement of up to ₹50,000 through online submission. The bank also provides traditional paper-based PMMY loan processing—for higher amounts—ensuring flexibility and ease for small entrepreneurs seeking affordable credit. MUDRA Loan interest rates are linked to their internal lending rates (BRLLR) and a spread margin.
Axis Bank supports the full spectrum of MUDRA categories—Shishu, Kishore, Tarun, and Tarun Plus (of up to ₹20 Lakhs)—for non-farm micro and small enterprises. The scheme includes term loans, overdrafts, cash credit, or non-fund facilities like guarantees, with zero collateral. Repayment tenures and interest rates can vary at the discretion of the bank, depending on the borrower’s credit profile. This serves as a versatile tool to drive micro-business growth.
Under PMMY, Bank of Maharashtra offers term loans and cash credit facilities of up to ₹20 Lakhs, spanning Shishu, Kishore, Tarun, and Tarun Plus categories. The programme features competitive RLLR-based interest rates (11.55% - 11.80%), flexible repayment terms, and nominal processing charges. These loans are designed for adaptability and inclusion so that a wide range of eligible borrowers can secure the necessary business funding at zero collateral.
Central Bank’s CENT MUDRA enables eligible borrowers—manufacturing or service sector non-farm enterprises—to apply via udyamimitra.in or at the branch without collateral or a guarantor. The loan offers seamless access, with application forms available online. For its Digital CENT MUDRA Term Loan variant, borrowers may enjoy loans of up to ₹10 Lakhs, with interest starting at 9.95% (RBLR + 0.95%), tenures up to 7 years, and flexible rates for longer terms. No processing fee applies up to ₹5 Lakhs.
ICICI Bank’s MUDRA offering provides borrowers access to tiered loans under the Shishu, Kishore, and Tarun categories—of up to ₹10 Lakhs. It aims to meet varied stages of micro-entrepreneur growth with collateral-free credit, structured by loan size and need. Interested borrowers can reach out to the bank’s representatives for exact MUDRA Loan interest rates, tenures, and other costs, as they can vary at the bank’s discretion based on the applicant’s credit profile and financial needs.
Reviewer
The maximum loan amount under the Pradhan Mantri MUDRA Yojana (PMMY) is up to ₹10 Lakhs. The scheme categorises loans into three types — Shishu (up to ₹50,000), Kishor (₹50,000 to ₹5 Lakhs), and Tarun (₹5 Lakhs to ₹10 Lakhs) based on your business stage and funding needs.
MUDRA loans are available through public sector banks like SBI, Bank of Baroda, and Canara Bank; private banks such as HDFC, ICICI, and Axis Bank; regional rural banks; cooperative banks; NBFCs; and microfinance institutions. Over 170 institutions across India participate in this scheme.
Yes, private banks like HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and Yes Bank offer MUDRA loans under PMMY. They provide collateral-free funding of up to ₹10 Lakhs (₹20 Lakhs for Tarun Plus) to eligible non-farm micro and small businesses, with flexible repayment terms.
Yes, State Bank of India provides MUDRA loans in the form of its SBI e-MUDRA facility. Entrepreneurs may be able to apply online for loans up to ₹50,000 instantly, while larger amounts of up to ₹10 Lakhs are processed through SBI branches. The loans are collateral-free and support micro-enterprise growth.
A CIBIL score is not mandatory for MUDRA loans. These loans are primarily aimed at supporting small and first-time entrepreneurs without access to formal credit. However, banks may check repayment history or basic creditworthiness during processing to ensure responsible lending under the PMMY scheme.
Yes, HDFC Bank offers MUDRA loans under the Pradhan Mantri MUDRA Yojana. Eligible borrowers can avail up to ₹10 Lakhs across Shishu, Kishore, and Tarun categories, depending on their business stage. The loans are collateral-free, with quick digital processing and minimal paperwork for micro-enterprises.
There is no single “best” bank for a Mudra loan, because the interest rates, processing norms, and eligibility criteria vary across lenders. The right bank for you depends on your business needs, credit profile, and proximity to branches.
The interest rate for a MUDRA loan in 2026 is not fixed and varies across lenders. Banks, NBFCs, and MFIs decide the rate based on your business profile, loan amount, and creditworthiness. You should compare offers from multiple institutions to find a suitable rate.
The MUDRA loan approval time depends on the lender and your application details. In general, it can take a few days to a few weeks, depending on document verification and eligibility checks. Submitting complete and accurate documents can help speed up the process.
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