A Comprehensive Mudra Loan Bank List

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Mudra Loan Bank List,
Mudra Loan Bank List,

Mudra Loan Bank List

Mudra Loan Bank List: Mudra loans have emerged as a significant financial support system for small and medium enterprises, encouraging entrepreneurship and economic growth. In this article, we’ll delve into the diverse range of banks that offer Mudra loans, facilitating the dreams of numerous aspiring entrepreneurs.

Introduction to Mudra Loans

Micro Units Development and Refinance Agency (Mudra) loans were introduced by the Indian government to provide financial assistance to micro and small enterprises. These loans empower individuals to pursue their entrepreneurial aspirations by offering financial support for various business activities.

Types of Mudra Loans

There are three categories of Mudra loans, each catering to different business needs:

Micro Loans

Micro loans are designed to provide financial aid to small-scale businesses, startups, and entrepreneurs who require small amounts of capital for their ventures.

Small Business Loans

Small business loans are intended for established businesses looking to expand their operations or upgrade their infrastructure.

Medium Business Loans

Medium business loans are aimed at enterprises with a higher scale of operations, providing them with the necessary funds for growth and development.

Importance of Mudra Loans for Entrepreneurs

Mudra loans play a pivotal role in fostering entrepreneurship and job creation in India. They enable individuals to transform their business ideas into reality, contributing to economic development and poverty reduction.

1. State Bank of India

The State Bank of India, as one of the largest public sector banks, offers a range of Mudra loans to support various business segments. It provides financial solutions tailored to the specific needs of micro, small, and medium enterprises.

2. State Bank of Bikaner & Jaipur

As a subsidiary of the State Bank of India, the State Bank of Bikaner & Jaipur extends Mudra loans to businesses across Rajasthan, focusing on inclusive growth and regional development.

3. State Bank of Travancore

The State Bank of Travancore, another subsidiary of the State Bank of India, contributes significantly to the development of businesses in Kerala through its Mudra loan offerings.

4. Bank of Baroda

Bank of Baroda is a leading public sector bank that offers Mudra loans with attractive interest rates and flexible repayment options, benefiting entrepreneurs nationwide.

5. Bank of India

Bank of India’s Mudra loans support a wide range of business activities, from manufacturing to services, enabling entrepreneurs to flourish in their chosen domains.

6. Bank of Maharashtra

Bank of Maharashtra’s Mudra loans have been instrumental in uplifting small businesses in Maharashtra, fostering growth and innovation in the region.

7. Canara Bank

Canara Bank’s commitment to providing financial assistance to budding entrepreneurs is evident through its tailored Mudra loan schemes that address various financial requirements.

8. Corporation Bank

Corporation Bank’s Mudra loans have played a vital role in bolstering the entrepreneurial ecosystem by providing timely and accessible financial aid to businesses.

9. Dena Bank

Dena Bank’s focus on offering Mudra loans to women entrepreneurs has been a catalyst in promoting women empowerment and economic independence.

10. IDBI Bank Ltd.

IDBI Bank’s range of Mudra loan products caters to diverse business needs, ensuring that entrepreneurs receive the necessary support to achieve their goals.

11. Indian Bank

Indian Bank’s Mudra loans align with the government’s vision of nurturing startups and small enterprises, propelling India’s economic growth.

12. Oriental Bank of Commerce

Oriental Bank of Commerce’s inclusive Mudra loan schemes cater to a wide spectrum of businesses, from agriculture to retail, contributing to holistic development.

13. Punjab National Bank

Punjab National Bank’s Mudra loans have made a significant impact on the growth of micro and small enterprises, fueling job creation and economic progress.

14. Syndicate Bank

Syndicate Bank’s participation in the Mudra Yojana reflects its commitment to empowering entrepreneurs with the financial resources they need to thrive.

15. UCO Bank

UCO Bank’s flexible Mudra loan options have provided a lifeline to businesses during challenging times, ensuring their continuity and success.

16. Union Bank of India

Union Bank of India’s range of Mudra loans caters to businesses in various sectors, giving entrepreneurs the tools they need to bring their ideas to fruition.

17. Vijaya Bank

Vijaya Bank’s Mudra loans have been crucial in promoting financial inclusion and supporting the growth of businesses across different states.

18. Allahabad Bank

Allahabad Bank’s contribution to the Mudra Yojana has paved the way for entrepreneurs to access the funds required to drive innovation and expansion.

19. Andhra Bank

Andhra Bank’s Mudra loan offerings have been instrumental in creating a conducive environment for the growth of micro and small enterprises.

20. Bhartiya Mahila Bank

Bhartiya Mahila Bank’s focus on providing Mudra loans to women entrepreneurs underscores its commitment to gender equality and economic development.

21. Central Bank of India

Central Bank of India’s Mudra loans have acted as a catalyst in stimulating economic growth at the grassroots level, creating opportunities for entrepreneurs.

22. Indian Overseas Bank

Indian Overseas Bank’s participation in the Mudra Yojana aligns with its goal of promoting financial inclusivity and driving entrepreneurship.

23. Punjab & Sind Bank

Punjab & Sind Bank’s Mudra loans have played a pivotal role in realizing the dreams of countless entrepreneurs, boosting employment and income generation.

24. State Bank of Hyderabad

State Bank of Hyderabad, a part of the State Bank of India group, contributes to the Mudra Yojana’s objectives by providing financial assistance to businesses.

25. State Bank of Mysore

State Bank of Mysore‘s Mudra loans have facilitated the growth of businesses in Karnataka, contributing to the state’s economic progress.

26. State Bank of Patiala

State Bank of Patiala’s Mudra loans have empowered entrepreneurs in Punjab to expand their ventures and contribute to the state’s economic prosperity.

27. United Bank of India

United Bank of India’s Mudra loans have played a significant role in realizing the aspirations of entrepreneurs, enabling them to create successful enterprises.

Private Sector Banks Offering Mudra Loans

The private sector banks in India have also embraced the Mudra Yojana, providing entrepreneurs with diverse financial options to fuel their business endeavors.

How to Apply for a Mudra Loan

Applying for a Mudra loan involves a straightforward process, requiring entrepreneurs to submit essential documents and business details to the respective banks.

Benefits and Limitations of Mudra Loans

Mudra loans offer several advantages, such as easy access to capital and improved financial inclusion. However, entrepreneurs should be mindful of the repayment responsibilities.


Mudra loans have emerged as a vital instrument in promoting entrepreneurship and driving economic growth in India. The comprehensive network of banks offering Mudra loans ensures that aspiring entrepreneurs from various segments can access the necessary funds to turn their dreams into reality. By fostering innovation, creating jobs, and supporting local economies, Mudra loans continue to play a pivotal role in shaping India’s business landscape.

FAQs (Frequently Asked Questions)

How do Mudra loans contribute to economic development?

Mudra loans empower individuals to establish and expand businesses, thereby stimulating economic growth through job creation and innovation.

What documents are required to apply for a Mudra loan?

The documents required include a business plan, identity and address proof, and relevant financial statements.

Can women entrepreneurs avail specific Mudra loan schemes?

Yes, several banks offer Mudra loan schemes tailored for women entrepreneurs, promoting gender equality in entrepreneurship.

Are Mudra loans available only for startups?

No, Mudra loans cater to a wide range of businesses, from startups to established enterprises seeking expansion.

How can private sector banks help with Mudra loans?

Private sector banks participate in the Mudra Yojana by extending financial support to entrepreneurs, enhancing the reach of the initiative.

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