The Pradhan Mantri MUDRA Yojana (PMMY) scheme was launched in 2015 to provide loans up to ₹10 Lakhs to non-corporate, non-farm small/micro enterprises.
These loans are given by commercial banks, regional rural banks, small finance banks, microfinance institutions, and non-banking financial companies, which are collectively known as the MUDRA Bank.
Eligible entities can apply for MUDRA loans from the following financial institutions:
Public Sector Banks
Private Sector Banks
Regional Rural Banks (RRBs)
Co-operative Banks
Non-banking Financial Companies (NBFCs)
Microfinance Institutions (MFIs)
MFI-NBFC
Here's the list of banks providing MUDRA Loans
Here is the list of public sector banks offering MUDRA loans under the Pradhan Mantri MUDRA Yojana:
State Bank of India
State Bank of Bikaner and Jaipur
Bank of Baroda
Bank of India
Bank of Maharashtra
Corporation Bank
Dena Bank
Canara Bank
IDBI Bank Ltd
Indian Bank
Oriental Bank of Commerce
Punjab National Bank
Syndicate Bank
UCO Bank
Union Bank of India
Vijaya Bank
Allahabad Bank
Andhra Bank
Bhartiya Mahila Bank
Central Bank of India
Indian Overseas Bank
Punjab & Sind Bank
State Bank of Hyderabad
State Bank of Mysore
State Bank of Patiala
United Bank of India
State Bank of Travancore
Here is the list of Regional and Rural Banks of India (RRBs) providing MUDRA loans:
Andhra Pragathi Grameena Bank
Chaitanya Godavari Grameena Bank
Deccan Grameena Bank
Saptagiri Grameena Bank
Bihar Gramin Bank
Madhya Bihar Gramin Bank
Uttar Bihar Gramin Bank
Baroda Gujarat Gramin Bank
Dena Gujarat Gramin Bank
Saurashtra Gramin Bank
Kaveri Grameena Bank
Karnataka Vikas Grameena Bank
Pragathi Krishna Gramin Bank
Kerala Gramin Bank
Maharashtra Gramin Bank
Meghalaya Rural Bank
Puduvai Bharathiar Grama Bank
Malwa Gramin Bank
Punjab Gramin Bank
Sutlej Gramin Bank
Marudhara Gramin Bank
Pallavan Grama Bank
Pandyan Grama Bank
Tripura Gramin Bank
Baroda Uttar Pradesh Gramin Bank
Prathama Gramin Bank
Sarva UP Gramin Bank
Narmada Jhabua Gramin Bank
Sarva Haryana Gramin Bank
Kaveri Grameena Bank
Baroda Rajasthan Kshetriya Gramin Bank
Check out the list of co-operative banks sanctioning MUDRA loans:
Gujarat State Co-op Bank Ltd
Kalupur Commercial Co-op Bank
Mehsana Urban Co-op Bank
Rajkot Nagarik Sahakari Bank
Ahmedabad Mercantile Co-op Bank Ltd
AP State Apex Co-op Bank Ltd
Bassein Catholic Co-op Bank
Citizen Credit Co-op Bank Ltd
Surat People Co-op Bank Ltd
Tamil Nadu Apex State Co-op Bank Ltd
Jalgaon Janata Sahakari Bank Ltd
Dombivli Nagari Sahakari Bank Ltd
TJSB Sahakari Bank Ltd
Nutan Nagrik Sahakari Bank Ltd
Here's the list of private sector banks:
Axis Bank Ltd
Kotak Mahindra Bank Ltd
YES Bank Ltd
ICICI Bank Ltd
HDFC Bank Ltd
IndusInd Bank Ltd
The Ratnakar Bank Ltd
Jammu & Kashmir Bank Ltd
South Indian Bank
Catholic Syrian Bank Ltd
Federal Bank Ltd
DCB Bank Ltd
Tamilnad Mercantile Bank Ltd
City Union Bank Ltd
Karur Vysya Bank Ltd
Karnataka Bank Ltd
Nainital Bank Ltd
IDFC Bank Ltd
Frequently Asked Questions
Which financial institutions offer Mudra loans?
Public sector banks, private sector banks, regional rural banks (RRBs), Co-operative banks, NBFCs, microfinance institutions, MFI-NBFC offer Mudra Loans.
