How to Apply for a Mudra Loan
How to Apply for a Mudra Loan
Mar 21, 2024
15 Mins
About Mudra Loan
The aim of this yojana is to empower and support small and micro businesses by providing financial loans and promoting entrepreneurship in the country. With a budget of 20,000 Crores, the MUDRA scheme offers three types of loans - Shishu, Kishore, and Tarun loans - depending on the size and need of the borrowing unit. These loans have a maximum term of five years and are offered at affordable interest rates. The MUDRA scheme plays a crucial role in strengthening the country's economy by fostering the growth of small and medium enterprises.
Mudra Bank Branches List
If you're interested in applying for a Mudra loan, you'll need to approach any of the designated banks and financial institutions that offer this scheme. These include public sector banks, state cooperative banks, regional rural banks, urban cooperative banks, private sector banks, micro-finance institutions, and more. To help you out, here's a comprehensive list of bank branches that provide the Mudra scheme.
Mudra Loan Bank & Branches List
Currently, the Mudra scheme operates through existing banks and financial institutions across the country. It's important to note that there are no dedicated Mudra Bank branches at the moment, although this may change in the future.
To apply for a Mudra loan, you'll still need to approach the designated public sector banks, state cooperative banks, regional rural banks, urban cooperative banks, private sector banks, micro-finance institutions, and others.
If you require further information about the different Mudra loan products or assistance with the application process, you can contact the Mudra office branch in Mumbai. Alternatively, you can reach out to the Mudra Nodal offices for guidance. Additional information can also be found on the website www.mudra.org.in, or you can send an email to help@mudra.org.in.
List of Public Sector Banks
Here's a list of banks and financial institutions that offer Mudra Loans:
- State Bank of India
- Indian Bank
- Oriental Bank of Commerce
- Syndicate Bank
- Punjab National Bank
- UCO Bank
- Dena Bank
- State Bank of Bikaner & Jaipur
- IDBI Bank Ltd.
- Bank of India
- Canara Bank
- Corporation Bank
- Bank of Baroda
- State Bank of Travancore
- Bank of Maharashtra
- Union Bank of India
- Vijaya Bank
- Allahabad Bank
- Andhra Bank
- Central Bank of India
- Bhartiya Mahila Bank
- Indian Overseas Bank
- State Bank of Hyderabad
- Punjab & Sind Bank
- State Bank of Mysore
- United Bank of India
- State Bank of Patiala
Private Sector Banks
- Catholic Syrian Bank Ltd
- DCB Bank Ltd
- Federal Bank Ltd
- Axis Bank Ltd
- City Union Bank Ltd
- ICICI Bank Ltd
- Jammu & Kashmir Bank Ltd
- Karnataka Bank Ltd
- HDFC Bank Ltd
- Indus Ind Bank Ltd
- Nainital Bank Ltd
- Kotak Mahindra Bank Ltd
- South Indian Bank
- Karur Vysya Bank Ltd
- Tamilnad Mercantile Bank Ltd
- The Ratnakar Bank Ltd
- Yes Bank Ltd
Regional Rural Banks (RRBs)
- Punjab Gramin Bank
- Sutlej Gramin Bank
- Marudhara Gramin Bank
- Meghalaya Rural Bank
- Puduvai Bharathiar Grama Bank
- Malwa Gramin Bank
- Pragathi Krishna Gramin Bank
- Kerala Gramin Bank
- Maharashtra Gramin Bank
- Saurashtra Gramin Bank
- Kaveri Grameena Bank
- Karnataka Vikas Grameena Bank
- Uttar Bihar Gramin Bank
- Baroda Gujarat Gramin Bank
- Dena Gujarat Gramin Bank
- Bihar Gramin Bank
- Saptagiri Grameena Bank
- Madhya Bihar Gramin Bank
- Chaitanya Godavari Grameena Bank
- Deccan Grameena Bank
- Andhra Pragathi Grameena 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
- KaveriGrameena Bank
- Baroda Rajasthan Kshetriya Gramin Bank
Co-operative Banks
- Rajkot Nagarik Sahhakari Bank
- Kalupur Commercial Co-op Bank
- Gujarat State Co-op Bank Ltd
- Mehsana Urban Co-op Bank
Micro Finance Institutions (MFIs)
- Sahyog Microfinance Ltd
- Arohan Financial Services P. Ltd
- Suryodaya Microfinance Ltd
- Satin Credit Care Network Ltd
- Samasta Microfinance Ltd
- Navachetana Microfin Services Pvt. Ltd
- Sonata Finance Pvt. Ltd
- Shikhar Microfinance Pvt. Ltd
- Saija Finance Private Ltd
- CDOT
- S V Creditline Pvt. Ltd
- Arth Micro Finance Pvt. Ltd
- Margdarshak Financial Services Ltd
- Ujjivan Financial Services P. Ltd
- Equitas Micro Finance Pvt. Ltd
- Utkarsh Micro Finance P. Ltd
- Madura Micro Finance Ltd
- ESAF Micro Finance & Investments P. Ltd
- Fusion Micro Finance P. Ltd
- Future Financial Services Ltd
- SKS Microfinance Ltd
- Belstar Investment &Finance P. Ltd
- Digamber Capfin Ltd
- Jagaran Microfin P. Ltd
- Midland Microfin Ltd
- Grameen Development & Finance P. Ltd
- RGVN (North East) Microfinance Ltd
- Hindustan Microfinance Private Limited
- Namra Finance Ltd
- MuthootFincorp Limited
- Samband Finserve Pvt Ltd
- Bhartiya Micro Credit
- IDF Financial Services Pvt Ltd
- Sakhi Samudaya Kosh
- Mahashakti Foundation
- Cashpor Micro Credit
Mainline NBFCs
- Shriram Transport Finance Co. Ltd
- Magma Fincorp Ltd
- MAS Financial Services Ltd
- IKF Finance Ltd
- Intec Capital Ltd
- Sakthi Finance Ltd
- AU Financiers India Ltd
- SE Investments Ltd
- Electronica Finance Ltd
- ECL Finance Ltd
- Fullerton India Credit Co. Ltd
- Religare Finvest Ltd
- Reliance Capital Ltd
- SREI Equipment Finance Ltd
- India Infoline Ltd
- Equitas Finance P. Ltd
- Shriram City Union Finance Ltd
- Esskay Auto Finance Ltd
- Bansal Credits Ltd
- 20 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
About Mudra Loan
The aim of this yojana is to empower and support small and micro businesses by providing financial loans and promoting entrepreneurship in the country. With a budget of 20,000 Crores, the MUDRA scheme offers three types of loans - Shishu, Kishore, and Tarun loans - depending on the size and need of the borrowing unit. These loans have a maximum term of five years and are offered at affordable interest rates. The MUDRA scheme plays a crucial role in strengthening the country's economy by fostering the growth of small and medium enterprises.
Mudra Bank Branches List
If you're interested in applying for a Mudra loan, you'll need to approach any of the designated banks and financial institutions that offer this scheme. These include public sector banks, state cooperative banks, regional rural banks, urban cooperative banks, private sector banks, micro-finance institutions, and more. To help you out, here's a comprehensive list of bank branches that provide the Mudra scheme.
Mudra Loan Bank & Branches List
Currently, the Mudra scheme operates through existing banks and financial institutions across the country. It's important to note that there are no dedicated Mudra Bank branches at the moment, although this may change in the future.
To apply for a Mudra loan, you'll still need to approach the designated public sector banks, state cooperative banks, regional rural banks, urban cooperative banks, private sector banks, micro-finance institutions, and others.
If you require further information about the different Mudra loan products or assistance with the application process, you can contact the Mudra office branch in Mumbai. Alternatively, you can reach out to the Mudra Nodal offices for guidance. Additional information can also be found on the website www.mudra.org.in, or you can send an email to help@mudra.org.in.
List of Public Sector Banks
Here's a list of banks and financial institutions that offer Mudra Loans:
- State Bank of India
- Indian Bank
- Oriental Bank of Commerce
- Syndicate Bank
- Punjab National Bank
- UCO Bank
- Dena Bank
- State Bank of Bikaner & Jaipur
- IDBI Bank Ltd.
- Bank of India
- Canara Bank
- Corporation Bank
- Bank of Baroda
- State Bank of Travancore
- Bank of Maharashtra
- Union Bank of India
- Vijaya Bank
- Allahabad Bank
- Andhra Bank
- Central Bank of India
- Bhartiya Mahila Bank
- Indian Overseas Bank
- State Bank of Hyderabad
- Punjab & Sind Bank
- State Bank of Mysore
- United Bank of India
- State Bank of Patiala
Private Sector Banks
- Catholic Syrian Bank Ltd
- DCB Bank Ltd
- Federal Bank Ltd
- Axis Bank Ltd
- City Union Bank Ltd
- ICICI Bank Ltd
- Jammu & Kashmir Bank Ltd
- Karnataka Bank Ltd
- HDFC Bank Ltd
- Indus Ind Bank Ltd
- Nainital Bank Ltd
- Kotak Mahindra Bank Ltd
- South Indian Bank
- Karur Vysya Bank Ltd
- Tamilnad Mercantile Bank Ltd
- The Ratnakar Bank Ltd
- Yes Bank Ltd
Regional Rural Banks (RRBs)
- Punjab Gramin Bank
- Sutlej Gramin Bank
- Marudhara Gramin Bank
- Meghalaya Rural Bank
- Puduvai Bharathiar Grama Bank
- Malwa Gramin Bank
- Pragathi Krishna Gramin Bank
- Kerala Gramin Bank
- Maharashtra Gramin Bank
- Saurashtra Gramin Bank
- Kaveri Grameena Bank
- Karnataka Vikas Grameena Bank
- Uttar Bihar Gramin Bank
- Baroda Gujarat Gramin Bank
- Dena Gujarat Gramin Bank
- Bihar Gramin Bank
- Saptagiri Grameena Bank
- Madhya Bihar Gramin Bank
- Chaitanya Godavari Grameena Bank
- Deccan Grameena Bank
- Andhra Pragathi Grameena 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
- KaveriGrameena Bank
- Baroda Rajasthan Kshetriya Gramin Bank
Co-operative Banks
- Rajkot Nagarik Sahhakari Bank
- Kalupur Commercial Co-op Bank
- Gujarat State Co-op Bank Ltd
- Mehsana Urban Co-op Bank
Micro Finance Institutions (MFIs)
- Sahyog Microfinance Ltd
- Arohan Financial Services P. Ltd
- Suryodaya Microfinance Ltd
- Satin Credit Care Network Ltd
- Samasta Microfinance Ltd
- Navachetana Microfin Services Pvt. Ltd
- Sonata Finance Pvt. Ltd
- Shikhar Microfinance Pvt. Ltd
- Saija Finance Private Ltd
- CDOT
- S V Creditline Pvt. Ltd
- Arth Micro Finance Pvt. Ltd
- Margdarshak Financial Services Ltd
- Ujjivan Financial Services P. Ltd
- Equitas Micro Finance Pvt. Ltd
- Utkarsh Micro Finance P. Ltd
- Madura Micro Finance Ltd
- ESAF Micro Finance & Investments P. Ltd
- Fusion Micro Finance P. Ltd
- Future Financial Services Ltd
- SKS Microfinance Ltd
- Belstar Investment &Finance P. Ltd
- Digamber Capfin Ltd
- Jagaran Microfin P. Ltd
- Midland Microfin Ltd
- Grameen Development & Finance P. Ltd
- RGVN (North East) Microfinance Ltd
- Hindustan Microfinance Private Limited
- Namra Finance Ltd
- MuthootFincorp Limited
- Samband Finserve Pvt Ltd
- Bhartiya Micro Credit
- IDF Financial Services Pvt Ltd
- Sakhi Samudaya Kosh
- Mahashakti Foundation
- Cashpor Micro Credit
Mainline NBFCs
- Shriram Transport Finance Co. Ltd
- Magma Fincorp Ltd
- MAS Financial Services Ltd
- IKF Finance Ltd
- Intec Capital Ltd
- Sakthi Finance Ltd
- AU Financiers India Ltd
- SE Investments Ltd
- Electronica Finance Ltd
- ECL Finance Ltd
- Fullerton India Credit Co. Ltd
- Religare Finvest Ltd
- Reliance Capital Ltd
- SREI Equipment Finance Ltd
- India Infoline Ltd
- Equitas Finance P. Ltd
- Shriram City Union Finance Ltd
- Esskay Auto Finance Ltd
- Bansal Credits Ltd
- 20 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
Author
Pluto Team
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