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Mudra Loan Bank List

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financeseva
Mudra Loan Bank List

List of banks offering Mudra Loan 


The Pradhan Mantri MUDRA Yojana (PMMY) Mudra Loan was launched in 2015 with the main aim of focusing on the financial needs for large numbers of micro-units. 


Micro enterprises play a significant role in generating big employment opportunities and makes an important contribution to India GDP. 


Typically, the Mudra loan scheme does not often fund entrepreneurs. In fact, these loans are made available through a host of financial institutions as part of the Mudra bank branch list. Those financial institutions are non-banking financial institutions (NBFCs), commercial banks, small finance banks, and regional rural banks (RRBs) can also be designated Mudra finance branches.

 

Mudra Loan Bank List 

Now, the next question comes on mind is “Which banks provide Mudra Loans” - there are certain things to consider.


The banks and financial institutions currently offering business loans under the Pradhan Mantri MUDRA Yojana with the interest rate ranging from 11% to 37% depending on applicant profile, repayment capacity, credit history, financial track record, and income ability..etc.  


Some of the popular banks that are offering Mudra loans are as follows: 


Mudra Loan Bank List 

Allahabad Bank 

Bank of India 

HDFC Bank 

Axis Bank 

Bank of Maharashtra 

Central Bank of India 

Bank of Baroda 

Indian Bank 

United Bank of India 

Jammu & Kashmir Bank 

Punjab National Bank 

Union Bank of India 

Karnataka Bank 

Canara Bank 

State Bank of India 

Kotak Mahindra Bank 

Indian Overseas Bank 

ICICI Bank 

Oriental Bank of Commerce 

UCO Bank 

Federal Bank 



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