Mudra Loan Bank List 2022: How to Check PMMy Bank & Branch List

Mudra Loan Bank List  2022: Pradhan Mantri Mudra Yojana (PMMY) is a loan scheme launched by Prime Minister for proving loans up to Rs. 10 lakh to the non corporate, non-farm small / micro enterprise. These loans are classified as Mudra loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.

Under the three categories of Sishu, Kishor, and Tarun of the PM Mudra Yojana, borrowers may apply for business loans ranging from Rs. 50,000 to Rs. 10 lakh. In this article. Check out the Mudra Loan Bank List 2023 specific details, including its goals, benefits, eligibility requirements, application procedures, list of participating banks, and more.

Mudra Loan Bank List 2023

Mudra Loan Bank List The Pradhan Mantri Yojana was launched to support the expansion and success of small companies. This program allows businesses in both the for-profit and nonprofit sectors to apply for loans, with a maximum credit sum of Rs. 10 lakh available to help them launch their venture.

Under the aegis of PMMY, MUDRA has created three products namely “Shishu”, “Kishore” and “Tarun”. These products signify the stage of growth, development and funding needs of the beneficiary micro unit / entrepreneur. It also provide a reference point for the next phase of graduation / growth.

You can now check the complete list of those lending institutions who have been shortlisted in order to provide Mudra loans to enable people to start their business (self employment). Mudra Loan Bank List is given below.

Objective of Mudra Loan Bank List

The main objective of implementing this scheme is to provide loans to the citizens of the country at a reasonable interest rate. So that any citizen can start his own business and become independent.

What is MUDRA Loan?

the Pradhan Mantri MUDRA Yojana (PMMY). Launched in 2015, the scheme allows you to avail of business loans of up to INR 10,00,000 based on the different categories of MUDRA Loan schemes. All public sector banks, regional rural banks, co-operative banks, private sector banks, micro finance institutions, non-banking finance companies (NBFC), and foreign banks can lend up to INR 10 Lakhs to small borrowers for non-farming businesses.

Government-run Mudra Loans are available in three types

  • Shishu Loan
  • Kishor Loan
  • Tarun Loan.

MUDRA Kishor Loan: The loan amount offered by the MUDRA scheme under the Kishor Loan category ranges from INR 50,000 to INR 5,00,000. Businesses can take advantage of the higher loan amount to finance their daily operations, buy heavy machinery and commercial transport vehicles, etc. Personal service providers like local grocers, salons, courier agents, pharmacists, and tailoring shops, too, are eligible to apply for Kishor Loans.

MUDRA Shishu Loan: Under the MUDRA Shishu Loan, you can avail up to INR 50,000 for non-farming ventures. Shishu Loan serves well for newer enterprises for purchasing small-scale machinery or financing other operational costs. Existing businesses, too, can avail of the loan for smaller expenses such as renovation or expansion of the establishment. Micro-industries, self-proprietors, commercial vehicle owners, fruit and vegetable vendors, etc., are eligible applicants for the MUDRA Shishu Loan. Salient features include repayment tenure of up to 7 years, no minimum loan amount, no collateral and zero processing charges.

MUDRA Tarun Loan: The Tarun Loan category of MUDRA Loan offers loan amounts starting from INR 5 Lakhs to INR 10 Lakhs, with a 3 to 5 year repayment period. The loan can be availed by aspiring as well as by established businesses. Newer businesses like start-ups may require a high amount of working capital. Older companies can use the loan to revamp or fund office expansion, make the necessary operational purchases, etc.

Benefits & Features of Mudra Loan Bank List

  • Loans without security
  • Maximum loan amount is Rs. 10 lakhs.
  • The Credit Guarantee Schemes of the Government of India cover the debt.
  • Options include term loans, working capital loans, and overdraft facilities.
  • Processing costs are significantly cheaper, and interest rates are also low.
  • All non-farm firms, or small or micro businesses that make money, are eligible for Mudra loans.
  • Mudra loans with lower interest rates are also available to people who fall under the SC/ST category.
  • Loans with lower APRs for female business owners.
  • Financial and banking services can be found both in urban and rural areas.
  • Start-ups and micro-small businesses are eligible for financial assistance.
  • There are small company loans accessible with affordable interest rates.
  • Food sellers, shop owners, and other small business owners can all profit from this initiative.
  • For those who lack access to basic banking services, this initiative offers cash aid.
  • The government takes on the borrower’s credit guarantee, which entails that it will bear the loss if the borrower is unable to pay back the loan.
  • The repayment period under the plan may extend up to seven years.
  • People who seek to make money through micro-enterprise operations can use the Micro Credit Scheme.
  • Women borrowers are qualified for loans with reduced interest rates.
  • There are other refinancing options offered by accredited lenders.

List of Banks Offering Mudra Loan Bank List 

Complete Mudra Loan Bank List under Pradhan Mantri Mudra Yojana is given below.

  1. Public Sector Banks for Mudra Loan

Mudra Loan Bank List in the Public sector is given below.

  • Allahabad Bank
  • Andhra Bank
  • Axis Bank
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank
  • Central Bank of India
  • Corporation Bank
  • Dena Bank
  • Federal Bank
  • HDFC Bank
  • ICICI Bank
  • IDBI Bank
  • India Bank
  • Indian Overseas Bank
  • J&K Bank
  • Karnataka Bank
  • Kotak Mahindra Bank
  • Oriental Bank of Commerce
  • Punjab and Sind Bank
  • Punjab National Bank
  • State Bank of India
  • Syndicate Bank
  • Tamilnad Mercantile Bank
  • UCO Bank
  • Union Bank Of India
  • United Bank of India

2. Private Sector Banks List for Mudra Loan

Mudra Loan Bank List in Private Sector is given below.

  • Axis Bank Ltd.
  • Catholic Syrian Bank Ltd.
  • City Union Bank Ltd.
  • DCB Bank Ltd.
  • Federal Bank Ltd.
  • HDFC Bank Ltd.
  • ICICI Bank Ltd.
  • Indus Ind Bank Ltd.
  • Jammu & Kashmir Bank Ltd.
  • Karnataka Bank Ltd.
  • Karur Vysya Bank Ltd.
  • Kotak Mahindra Bank Ltd.
  • Nainital Bank Ltd.
  • South Indian Bank
  • Tamilnad Mercantile Bank Ltd.
  • The Ratnakar Bank Ltd.
  • Yes Bank Ltd.
  • IDFC Bank Ltd.

3. Regional Rural Banks (RRBS) for Mudra Loan

Mudra Loan Bank List of Regional Rural Banks is given below

  • 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

4. Co-Operative Banks for Mudra Loan

Mudra Loan Bank List of Co-Operative Banks is given below.

  • Gujarat State Co-op Bank Ltd
  • Mehsana Urban Co-op Bank
  • Rajkot Nagarik Sahhakari Bank
  • Kalupur Commercial Co-op Bank
  • Bassein Catholic Co-op Bank
  • TJSB Sahakari Bank Ltd
  • Jalgaon Janata Sahakari Bank Ltd
  • Nutan Nagrik Sahakari Bank Ltd
  • Ahmedabad Mercantile Co-op Bank ltd
  • Surat People Co-op Bank ltd
  • Dombivali Nagari Sahakari Bank Ltd
  • Citizen Credit Co-op Bank Ltd
  • Tamil Nadu Apex State Co-op Bank Ltd
  • AP State Apex Co-op Bank Ltd

5. MFI-NBFC for Mudra Loan

Mudra Loan Bank List of MFI-NBFC is given below.

  • S V Creditline Pvt. Ltd., New Delhi
  • Margdarshak Financial Services Ltd., Uttar Pradesh
  • Madura Micro Finance Ltd., Tamil Nadu
  • ESAF Micro Finance & Investments P. Ltd, Kerala
  • Fusion Micro Finance P. Ltd., New Delhi
  • Ujjivan Financial Services P. Ltd, Karnataka
  • Future Financial Services Ltd., Karnataka
  • SKS Microfinance Ltd., Telangana
  • Utkarsh Micro Finance P. Ltd, Uttar Pradesh
  • Equitas Micro Finance Ltd, Tamil Nadu
  • Sonata Finance Pvt. Ltd, Uttar Pradesh
  • Saija Finance Private Ltd, Bihar
  • Arth Micro Finance Pvt. Ltd., Rajasthan
  • Shikhar Microfinance Pvt. Ltd., New Delhi
  • Navachetana Microfin Services Pvt. Ltd, Karnataka
  • Samasta Microfinance Ltd., Bangalore
  • Satin Credit Care Network Ltd, New Delhi
  • Sahyog Microfinance Ltd., Madhya Pradesh
  • Arohan Financial Services P. Ltd, West Bengal
  • Suryodaya Microfinance Ltd, Maharashtra
  • Belstar Investment & Finance P. Ltd, Tamil Nadu
  • Jagaran Microfin P. Ltd, West Bengal
  • Digamber Capfin Ltd, Rajasthan
  • Midland Microfin Ltd., Punjab
  • RGVN (North East) Microfinance Ltd., Guwahati Assam
  • Grameen Development & Finance P. Ltd., Assam
  • Hindustan Microfinance Private Limited, Maharashtra
  • Namra Finance Ltd, Gujarat
  • Muthoot Fincorp Limited, Kerala
  • Sambandh Finserve Pvt Ltd, Bhuvaneshwar
  • IDF Financial Services Pvt Ltd, Bangalore
  • Nightingale Finvest Pvt Ltd, West Bengal
  • Asirvad Microfinance Private Limited, Chennai
  • Village Financial Services Pvt Limited, Kolkatta West Bengal
  • Janalakshmi Financial Services Pvt Ltd, Bangalore
  • YVU Financial Services Private Ltd, Guwahati
  • Disha Microfin Private Ltd, Ahmedabad
  • SMILE Microfinance Limited, Chennai
  • Light Micro Finance Ltd, Ahmedabad
  • Uttarayan Financial Services Pvt Ltd, Kolkatta West Bengal
  • Unacco Financial Services Private Limited, Guhawati Assam
  • Varam Capital, Chennai
  • Vedika Credit Capital Ltd, Ranchi
  • MSM Microfinance Limited, Chennai
  • M Power Micro Finance Private Ltd, Vadodara Gujarat
  • Navachetana Microfin Services Pvt. Ltd., Bangalore
  • Intrepid Finance and leasing Pvt. Ltd., Mumbai

6. Micro Finance Institutions (MFIs) for Mudra Loan

Mudra Loan Bank List of Micro Finance Institutions (MFIs)

  • Bhartiya Micro Credit (Sec 8 Company), Lucknow
  • Sakhi Samudaya Kosh (Sec 8 Company), Maharashtra
  • Cashpor Micro Credit (Sec 8 Company), Lucknow
  • CDOT ( MFI Registered as a Society under Indian Societies Act), Bihar
  • Mahana Foundation (MFI Registered as a Trust under Trust Act 1882), Orissa
  • IRCED (MFI Registered as a Society and Trust), Maharashtra
  • NEED, Lucknow
  • Community Collective Society for Integrated Develpoment (MFI Registered as a Society), New Delhi
  • Swayam Micro Services (Sec 8 Company), Ahmedabad
  • Chanura Microfin Manipur, Manipur
  • Humana People to People India, New Delhi
  • Disha India Micro Credit (Sec 25 Company), Saharanpur
  • Annapurna Mahila Multistate Co-op Credit Society (Co-op Society and MFI), Pune
  • Prayas (Organisation for Sustainable Development) (MFI Registered as a Society and Trust), Ahmedabad
  • Dhosa Chandaneshwar Bratyajana Samity (DCBS) (Society), Kolkata
  • Seba Rahara (Society), Kolkata
  • Belghoria Janakalyan Samity (Society), Kolkata
  • Gram Bikash Kendra, Kolkata
  • Shakti Mahila Sangh Bahu Uddeshya Sahkari Maryadit (Society), Jabalpur, MP
  • Mahasemam Trust (Society), Madurai, Tamilnadu
  • Sampurna Training and Entrepreneurship Programme (STEP) (Section 25 Company), Kolkata, West bengal
  • Life Foundation (MFI and Trust), Kerala
  • Sanghmitra Rural Financial Services (Sec 8), Mysore
  • Pahal Financial Services Pvt Ltd, Ahmedabad
  • Blaze trust (MFI registered as trust), Coimbatore (Tamil Nadu)
  • Mahashakti Foundation (MFI Registered as a Trust under Trust Act 1882), Odisha

7. Mainline NBFCs for Mudra Loan

Mudra Loan Bank List of MainLine NBFCs is given below.

  • Reliance Capital Ltd.
  • Fullerton India Credit Co. Ltd.
  • Shriram Transport Finance Co. Ltd.
  • SREI Equipment Finance Ltd.
  • Magma Fincorp Ltd.
  • Religare Finvest Ltd.
  • Shriram City Union Finance Ltd.
  • Equitas Finance P. Ltd.
  • India Infoline Ltd.
  • ECL Finance Ltd.
  • AU Financiers India Ltd.
  • SE Investments Ltd.
  • Electronica Finance Ltd.
  • MAS Financial Services Ltd.
  • IKF Finance Ltd.
  • Intec Capital Ltd.
  • Sakthi Finance Ltd.
  • Esskay Auto Finance Ltd.
  • Bansal Credits Ltd.
  • Five Star Business Credits Ltd.
  • Indiabulls Financial Services Ltd.
  • Vistaar Financial Services P. Ltd.
  • Shriram Finance Corporation Pvt Ltd (SRFCL)
  • India Infoline Finance Ltd (IIFL)
  • Mahindra & Mahindra Financial Services Ltd
  • Pudhuaaru Financial Services Pvt Limited (PFSPL)
  • Nabard Financial Services Ltd (NABFINS)
  • Maanaveeya Development & Finance Private Ltd
  • Jumbo Finvest (India) Limited (JFIL)
  • Ananya Finance for Inclusive Growth Pvt. Ltd.
  • Capital First Limited(CFL)

Interest Rate on a MUDRA Loan

The person’s profile determines the interest rate for the Mudra loan. A number of banks in the public and commercial sectors offer MUDRA loans. The final interest rate at which a loan is granted to an applicant is decided by the lender, and all lenders must go by a set of rules. After carefully analyzing the applicant”s business requirements, this is done.

The applicants will need to provide a few key papers when completing the Pradhan Mantri Mudra Loan Yojana application; be sure to have them on available. The following documents are necessary for the Pradhan Mantri Mudra Loan Yojana 2022:

  • Properly completing the application form in accordance with the loan category
  • 2 photos in passport size of the applicant
  • Any legitimate identity document, such as an Aadhaar card, a passport, a driver’s licence, a PAN card, a voter ID card, etc.
  • Any acceptable address proof, such as a voter ID card, a passport, a phone bill, an Aadhaar card, or an electricity bill.
  • Proof of any special status, such as SC, ST, OBC, minority status, etc.
  • A six-month bank statement
  • Business address and, if necessary, tenure documentation.
Important Dates

It has been extended until March 31, 2022, to submit claims under the 2% interest subvention scheme for Shashi loans.

Eligibility Of Mudra Loan List

The following criteria id for Mudra Loan Eligibility:

  • The applicant’s age must be 18 years and the maximum age limit is set to 65 years.
  • Loans can be availed by non-farm income-generating businesses in trading, manufacturing and services.
  • The requirement of credit must be ₹ 10 Lakh or lower.
  • Entities must be engaged in allied agriculture services since 1st April 2016.

List of Documents Required for Mudra Loan

The below list of documents required for Mudra Loan.

  • Self written Business Plan.
  • Duly filled application form for specific category Shishu From to be separate as compared to Kishor and Tarun loan category.
  • Applicant recent passport sized photographs and co applicant (if applicable).
  • Applicant and Co-applicant KYC documents.
  • Identity Proof (Aadhar Card / Voter’s ID Card / Passport / Driving License Etc.).
  • Residence Proof (Aadhar Card / Voter Id Card / Passport / Telephone Bill / Bank Statement, etc).
  • Income Proof.
  • Proof of belonging to a special category such as SC, ST, OBC, Minority etc.
  • Business address and tenure proof, if applicable.

Mudra Loan Bank List PDF

Download Mudra Loan Bank List PDF or list of leading institutions shortlisted to be partners of MUDRA through below link.

For more details of Pradhan Mantri Mudra Yojana (PMMY) and Mudra Loan bank list visit

Contact us:
  • 1800-180-1111
  • 1800-11-0001

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Mudra Loan Bank (F.A.Q)?

Mudra loans under Pradhan Mantri Mudra Yojana (PMMY) can be availed of from nearby branch office of a bank, NBFC, MFIs etc. Borrowers can also now file online application for MUDRA loans on Udyamimitra portal (
The MUDRA loans are extended under following three categories : ✓ Loans upto ` 50,000/- (Shishu) ✓ Loans from ` 50,001 to ` 5 lakh (Kishore) ✓ Loans from ` 5,00,001/- to ` 10 lakh (Tarun) More focus would be given to Shishu.
What is MUDRA Loan?

the Pradhan Mantri MUDRA Yojana (PMMY). Launched in 2015, the scheme allows you to avail of business loans of up to INR 10,00,000 based on the different categories of MUDRA Loan schemes. All public sector banks, regional rural banks, co-operative banks, private sector banks, micro finance institutions, non-banking finance companies (NBFC), and foreign banks can lend up to INR 10 Lakhs to small borrowers for non-farming businesses.

Any Indian Citizen, who is eligible to avail of loan and has a business plan for income generating activity, can avail of MUDRA loan. The loan proposal should be for setting up of a new/upgrading an existing Micro business enterprises in the manufacturing, processing, trading and service sector.
MUDRA Loan Details
Interest Rate 7.30% p.a. onwards
Loan Amount Up to Rs.10 lakh
Loan Tenure Up to 7 years
Processing Fee Subject to the lender

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