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Learn all about the banks and financial institutions that offer MUDRA loans under the Pradhan Mantri MUDRA Yojana (PMMY) to support non-corporate, non-farm micro and small enterprises.
Launched in April 2015, the Pradhan Mantri MUDRA Yojana (PMMY) has been powering entrepreneurial dreams across India for over a decade now. It is designed for non-corporate micro and small enterprises such as local manufacturers, traders, service providers, and allied agricultural ventures.
Since its inception, the PMMY scheme has enabled over 52 crore loan accounts, totaling more than ₹32.61 Lakh Crores in credit. In this way, the MUDRA Yojana has cemented its role as a game-changer for grassroots business growth across the country.
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 earlier Tarun loans)
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 list of lending institutions shortlisted to be partners of MUDRA:
| 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 Ltd. |
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 |
Private Sector Banks Offering MUDRA Loans
| Sr. No. | Bank Name |
|---|---|
1. |
Axis Bank Ltd. |
2. |
Catholic Syrian Bank Ltd. |
3. |
City Union Bank Ltd. |
4. |
DCB Bank Ltd. |
5. |
Federal Bank Ltd. |
6. |
HDFC Bank Ltd. |
7. |
ICICI Bank Ltd. |
8. |
IndusInd Bank Ltd. |
9. |
Jammu & Kashmir Bank Ltd. |
10. |
Karnataka Bank Ltd. |
11. |
Karur Vysya Bank Ltd. |
12. |
Kotak Mahindra Bank Ltd. |
13. |
Nainital Bank Ltd. |
14. |
South Indian Bank |
15. |
Tamilnad Mercantile Bank Ltd. |
16. |
The Ratnakar Bank Ltd. (RBL Bank) |
17. |
Yes Bank Ltd. |
18. |
IDFC First Bank Ltd. |
Regional Rural 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 |
Cooperative Banks Offering MUDRA Loans
| Sr. No. | Bank Name |
|---|---|
1. |
Gujarat State Co-op Bank Ltd |
2. |
Mehsana Urban Co-op Bank |
3. |
Rajkot Nagarik Sahakari Bank |
4. |
Kalupur Commercial Co-op Bank |
5. |
Bassein Catholic Co-op Bank |
6. |
TJSB Sahakari Bank Ltd. |
7. |
Jalgaon Janata Sahakari Bank Ltd. |
8. |
Nutan Nagrik Sahakari Bank Ltd. |
9. |
Ahmedabad Mercantile Co-op Bank Ltd. |
10. |
Surat People Co-op Bank Ltd. |
11. |
Dombivli Nagari Sahakari Bank Ltd. |
12. |
Citizen Credit Co-op Bank Ltd. |
13. |
Tamil Nadu Apex State Co-op Bank Ltd. |
14. |
AP State Apex Co-op Bank Ltd. |
Non-Banking Financial Companies (NBFCs) Offering MUDRA Loans
| Sr. No. | NBFC Name |
|---|---|
1. |
Reliance Capital Ltd. |
2. |
Fullerton India Credit Co. Ltd. |
3. |
Shriram Transport Finance Co. Ltd. |
4. |
SREI Equipment Finance Ltd. |
5. |
Magma Fincorp Ltd. |
6. |
Religare Finvest Ltd. |
7. |
Shriram City Union Finance Ltd. |
8. |
Equitas Finance Pvt. Ltd. |
9. |
India Infoline Ltd. |
10. |
ECL Finance Ltd. |
11. |
AU Financiers India Ltd. |
12. |
SE Investments Ltd. |
13. |
Electronica Finance Ltd. |
14. |
MAS Financial Services Ltd. |
15. |
IKF Finance Ltd. |
16. |
Intec Capital Ltd. |
17. |
Sakthi Finance Ltd. |
18. |
Esskay Auto Finance Ltd. |
19. |
Bansal Credits Ltd. |
20. |
Five Star Business Credits Ltd. |
21. |
Indiabulls Financial Services Ltd. |
22. |
Vistaar Financial Services Pvt. Ltd. |
23. |
Shriram Finance Corporation Pvt. Ltd. (SRFCL) |
24. |
India Infoline Finance Ltd. (IIFL) |
25. |
Mahindra & Mahindra Financial Services Ltd. |
26. |
Pudhuaaru Financial Services Pvt. Ltd. (PFSPL) |
27. |
Nabard Financial Services Ltd. (NABFINS) |
28. |
Maanaveeya Development & Finance Pvt. Ltd. |
29. |
Jumbo Finvest (India) Ltd. (JFIL) |
30. |
Ananya Finance for Inclusive Growth Pvt. Ltd. |
31. |
Capital First Ltd. (CFL) |
NBFC–MFIs Offering MUDRA Loans
| Sr. No. | Institution Name | State |
|---|---|---|
1. |
S V Creditline Pvt. Ltd. |
New Delhi |
2. |
Margdarshak Financial Services Ltd. |
Uttar Pradesh |
3. |
Madura Micro Finance Ltd. |
Tamil Nadu |
4. |
ESAF Micro Finance & Investments Pvt. Ltd. |
Kerala |
5. |
Fusion Micro Finance Pvt. Ltd. |
New Delhi |
6. |
Ujjivan Financial Services Pvt. Ltd. |
Karnataka |
7. |
Future Financial Services Ltd. |
Karnataka |
8. |
SKS Microfinance Ltd. |
Telangana |
9. |
Utkarsh Micro Finance Pvt. Ltd. |
Uttar Pradesh |
10. |
Equitas Micro Finance Ltd. |
Tamil Nadu |
11. |
Sonata Finance Pvt. Ltd. |
Uttar Pradesh |
12. |
Saija Finance Pvt. Ltd. |
Bihar |
13. |
Arth Micro Finance Pvt. Ltd. |
Rajasthan |
14. |
Shikhar Microfinance Pvt. Ltd. |
New Delhi |
15. |
Navachetana Microfin Services Pvt. Ltd. |
Karnataka |
16. |
Samasta Microfinance Ltd. |
Karnataka |
17. |
Satin Credit Care Network Ltd. |
New Delhi |
18. |
Sahyog Microfinance Ltd. |
Madhya Pradesh |
19. |
Arohan Financial Services Pvt. Ltd. |
West Bengal |
20. |
Suryodaya Microfinance Ltd. |
Maharashtra |
21. |
Belstar Investment & Finance Pvt. Ltd. |
Tamil Nadu |
22. |
Jagaran Microfin Pvt. Ltd. |
West Bengal |
23. |
Digamber Capfin Ltd. |
Rajasthan |
24. |
Midland Microfin Ltd. |
Punjab |
25. |
RGVN (North East) Microfinance Ltd. |
Assam |
26. |
Grameen Development & Finance Pvt. Ltd. |
Assam |
27. |
Hindustan Microfinance Pvt. Ltd. |
Maharashtra |
28. |
Namra Finance Ltd. |
Gujarat |
29. |
Muthoot Fincorp Ltd. |
Kerala |
30. |
Sambandh Finserve Pvt. Ltd. |
Odisha |
31. |
IDF Financial Services Pvt. Ltd. |
Karnataka |
32. |
Nightingale Finvest Pvt. Ltd. |
West Bengal |
33. |
Asirvad Microfinance Pvt. Ltd. |
Tamil Nadu |
34. |
Village Financial Services Pvt. Ltd. |
West Bengal |
35. |
Janalakshmi Financial Services Pvt. Ltd. |
Karnataka |
36.. |
YVU Financial Services Pvt. Ltd. |
Assam |
37. |
Disha Microfin Pvt. Ltd. |
Gujarat |
38. |
SMILE Microfinance Ltd. |
Tamil Nadu |
39. |
Light Micro Finance Ltd. |
Gujarat |
40. |
Uttarayan Financial Services Pvt. Ltd. |
West Bengal |
41. |
Unacco Financial Services Pvt. Ltd. |
Assam |
42. |
Varam Capital Pvt. Ltd. |
Tamil Nadu |
43. |
Vedika Credit Capital Ltd. |
Jharkhand |
44. |
MSM Microfinance Ltd. |
Tamil Nadu |
46. |
M Power Micro Finance Pvt. Ltd. |
Gujarat |
46. |
Intrepid Finance & Leasing Pvt. Ltd. |
Maharashtra |
Microfinance Institutions (MFIs) Offering MUDRA Loans
| Sr. No. | Institution Name | Location |
|---|---|---|
1. |
Bhartiya Micro Credit (Sec 8 Co.) |
Lucknow |
2. |
Sakhi Samudaya Kosh (Sec 8 Co.) |
Maharashtra |
3. |
Cashpor Micro Credit (Sec 8 Co.) |
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 (Sec 8 Co.) |
Ahmedabad |
10. |
Chanura Microfin Manipur |
Manipur |
11. |
Humana People to People India |
New Delhi |
12. |
Disha India Micro Credit (Sec 25 Co.) |
Uttar Pradesh |
13. |
Annapurna Mahila Multistate Co-op Credit Society |
Pune |
14. |
Prayas (NGO & Trust) |
Ahmedabad |
15. |
Dhosa Chandaneshwar Bratyajana Samity (DCBS) |
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 (Sec 25 Co.) |
West Bengal |
22. |
Life Foundation (Trust) |
Kerala |
23. |
Sanghmitra Rural Financial Services (Sec 8) |
Karnataka |
24. |
Pahal Financial Services Pvt. Ltd. |
Gujarat |
25. |
Blaze Trust |
Tamil Nadu |
26. |
Mahashakti Foundation (Trust) |
Odisha |
Summary of MUDRA Loan Partner Institutions
| Category | No. of Institutions |
|---|---|
Public Sector Banks |
13 |
Private Sector Banks |
18 |
Regional Rural Banks (RRBs) |
28 |
Cooperative 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 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 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 (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 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 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—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.
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 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 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.
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