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List of Banks Offering Mudra Loan

The Pradhan Mantri MUDRA Yojana (PMMY) was launched in 2015 to finance the business needs of micro enterprises in India. Numbering more than 62 Lakhs as per the Economic Survey 2021-22, these small businesses foster entrepreneurship and provide employment to millions. 


As part of an important sector contributing to national GDP, their credit needs deserve to be met. The Mudra Loan scheme helps extend credit to enterprises engaged in:


  • Manufacture and trade activities 

  • Providing services like salons or tailoring 

  • Poultry farming, pisciculture, apiculture and other activities allied to agriculture 

Financing through this scheme is not directly extended to entrepreneurs in these sectors. Instead, these loans are available through a wide range of financial institutions. Together, these lenders form a part of the Mudra Loan banks list which contains:


  • Small Finance Banks

  • Regional Rural Banks (RRBs)

  • Public Sector Banks

  • Private Sector Banks

  • Non-banking Financial Companies (NBFCs)

  • Microfinance Institutions (MFIs)

  • Cooperative Banks

Business owners or enterprises can avail the Mudra Loan for their business units from any of these lenders by checking the Mudra Loan provider banks List.

Mudra Loan Banks List

As you find out which banks provide Mudra Loans, keep in mind that these loans have eligibility terms you need to meet. You can choose from term loans, working capital financing, overdraft limit or a composite loan for buying assets. 


See the Pradhan Mantri Mudra Yojana banks list divided as per the types of lending institutions below. Do note that this eligible banks’ list for Mudra Loan is not exhaustive and may be revised periodically.

Public Sector Banks

Here’s a list of popular government banks that offer Mudra Loans:

Public Sector Mudra Loan Banks List

Bank of India

Bank of Baroda

Corporation Bank

State Bank of India

Canara Bank

IDBI Bank Ltd.

Syndicate Bank

Punjab National Bank

UCO Bank

Union Bank of India

Indian Bank

Oriental Bank of Commerce

Andhra Bank

United Bank of India

Allahabad Bank

Indian Overseas Bank

Central Bank of India

Punjab & Sind Bank

State Bank of Mysore

State Bank of Hyderabad

Bank of Maharashtra

Dena Bank

Vijaya Bank


Regional & Rural Banks of India (RRBs)

Here’s a list of regional and rural banks that provide Mudra Loans:

List of RRBs where the Mudra Loan Is Available

Pragathi Krishna Gramin Bank

Kerala Gramin Bank

Kaveri Grameena Bank

Saurashtra Gramin Bank

Kaveri Grameena Bank

Karnataka Vikas Grameena Bank

Punjab Gramin Bank

Puduvai Bharathiar Grama Bank

Dena Gujarat Gramin Bank

Meghalaya Rural Bank

Sutlej Gramin Bank

Andhra Pragathi Grameena Bank

Bihar Gramin Bank

Baroda Gujarat Gramin Bank

Tripura Gramin Bank

Pallavan Grama Bank

Saptagiri Grameena Bank

Sarva UP Gramin Bank

Uttar Bihar Gramin Bank

Deccan Grameena Bank

Dena Gujarat Gramin Bank

Chaitanya Godavari Grameena Bank

Pandyan Grama Bank

Madhya Bihar Gramin Bank

Baroda Uttar Pradesh Gramin Bank

Sarva Haryana Gramin Bank

Malwa Gramin Bank

Narmada Jhabua Gramin Bank

Prathama Gramin Bank

Maharashtra Gramin Bank

Baroda Rajasthan Kshetriya Gramin Bank

Pandyan Grama Bank

Marudhara Gramin Bank

Co-operative Banks

Here’s a list of co-operative banks that offer micro businesses Mudra Loans:

Mudra Loan Provider Co-operative Banks List

Gujarat State Co-op Bank Ltd

Ahmedabad Mercantile Co-op Bank ltd

Surat People Co-op Bank ltd

Kalupur Commercial Co-op Bank

AP State Apex Co-op Bank Ltd.

Tamil Nadu Apex State Co-op Bank Ltd

Mehsana Urban Co-op Bank

Bassein Catholic Co-op Bank

Jalgaon Janata Sahakari Bank Ltd

Rajkot Nagarik Sahakari Bank

Citizen Credit Co-op Bank Ltd

Dombivli Nagari Sahakari Bank Ltd

Private Sector Banks

Here’s a list of private banks in India that you can get a Mudra Loan from:

Private Sector Mudra Loan Banks List

Axis Bank Ltd 

The Ratnakar Bank Ltd

Tamilnad Mercantile Bank Ltd

Kotak Mahindra Bank Ltd

Jammu & Kashmir Bank Ltd

City Union Bank Ltd

Yes Bank Ltd

South Indian Bank

Karur Vysya Bank Ltd

ICICI Bank Ltd

Catholic Syrian Bank Ltd

Karnataka Bank Ltd

HDFC Bank Ltd

Federal Bank Ltd

Nainital Bank Ltd

IndusInd Bank Ltd     

DCB Bank Ltd

IDFC Bank Ltd

Categories of MUDRA Loans

The Mudra Loan is split into 3 categories, each of which is intended for a business that needs a certain level of financial assistance. Here are the three types of loans offered under the Pradhan Mantri Mudra Yojana. 

  • The Shishu MUDRA Loan

This entry-level Shishu Mudra loan offers a maximum loan value of ₹50,000 to cover short-term financial needs of micro enterprises. 

  • The Kishore MUDRA Loan

With a bigger lending cap of up to ₹5 Lakhs, Kishore Mudra loan can cover a range of infrastructural or working capital needs. 

  • The Tarun MUDRA Loan

With an amount varying from ₹5 Lakhs to ₹50 Lakhs, Tarun Mudra loan is ideal for firms looking to expand, meet demand or capitalise on new opportunities. 

Eligibility Criteria For Banks Providing Mudra Loan 

Partner institutions that appear on the Mudra Loan banks list need to fulfil certain eligibility criteria. Some of the terms are as follows:


  • RRBs should have earned a net profit in the previous two years and have a net worth above ₹50 Crores.

  • Small Finance Banks need to have earned profits during the last two financial years and have a valid licence by the RBI.

  • Urban Cooperative Banks that are included in the Second Schedule of RBI Act 1934 are permitted if no monetary penalty has been imposed on them.

  • NBFCs should be in the current line of business for 5 years and should have been profitable for the last 3 years.

  • Micro finance institutions need to showcase a profitable track record for the past two years. 

  • For public and private sector banks, the eligible limit that will be considered is the exposure limit approved on the basis of the exposure framework. 

Several other parameters are considered before partners are selected to be a part of the list of institutions that can make Mudra bank loans available to entrepreneurs in need.


So far, a list of 200+ partner institutions or Mudra banks has been shortlisted. These include 15 cooperative banks, 25 microfinance institutions, 35 NBFCs, 47 NBFC-MFI, 18 private sector banks, 21 public sector banks, and 36 RRBs. You can access the whole list on the official Mudra website.


These institutions serve potential beneficiaries such as individuals, proprietors, partnership and private limited companies as well as other legal entities. With the support of banks providing Mudra Loans, PMMY aims to achieve last-mile credit delivery. This way, all those in need of business financing have access to credit. 


As an owner of a micro, small, or medium enterprise, you too may be looking for a Mudra Loan. You can apply online or offline at any of the above institutions to boost your business. If you are looking for a business loan of over ₹10 Lakhs or don’t meet the eligibility terms, consider other business or the MSME loans


Whether to get new equipment or expand your business geographically, you can get a business loan of up to ₹50 Lakhs at Bajaj Markets. These zero-collateral loans are approved in as little as 2 minutes and have flexible repayment tenures to suit your needs. 

FAQs for Mudra Loan Bank List

Here are some of the major banks you can get this loan from:

  • HDFC bank  

  • Axis Bank

  • Bank of Baroda

  • Indian Bank

  • State Bank of India

  • Punjab National Bank  

MUDRA loan interest rates vary from one bank to another and are based on the interest cap as mandated by the RBI. Currently, the rates start at 7.30% onwards. 

Yes, if you are a micro entrepreneur, you could opt for a Mudra Loan depending on the amount you require. For a higher amount, browse top business loans on Bajaj Markets. These require minimal documentation and are easy to apply for online.

The following documents are required to apply for a Mudra bank loan:

●        Loan application form

●        2 passport size photographs

●        Photo Identity proof

●        Address proof

●        Income proof

●        Bank statement (last 6 months)

You can get a Mudra Loan online by meeting the eligibility criteria, filling the loan application and submitting the needed paperwork. You can do so at one of the financial institutions on the Mudra Loan banks list. 

Yes. To offer these loans, permissible financial institutions must meet certain requirements related to licences, profitability, business continuity and more. 

Yes, private banks like the ICICI Bank, YES Bank, Kotak Mahindra Bank and HDFC Bank among others, offer Mudra Loans.

There are more than 200 banks, NBFCs and microfinance institutions who currently offer Mudra Loans. You can view the Mudra Loan banks list on the official website. 

The Micro Units Development and Refinance Agency Ltd oversees the Mudra Loan scheme. 

Regional rural banks must have a credit to risk assets ratio of greater than 9%.

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