Mudra Loan Bank List 2026 - Lending Institutions Shortlisted under PMMY Scheme

Pradhan Mantri Mudra Yojana (PMMY) is a loan scheme launched by central government to provide loans up to ₹20 lakh to non-corporate, non-farm small and micro enterprises. These loans are classified as Mudra loans under PMMY Scheme. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. In this article, you will find the list of shortlisted lending institutions that offer Mudra Loans under the flagship PMMY Scheme.

Under PMMY, MUDRA has created four loan categories - Shishu, Kishor, Tarun, and Tarun Plus - to match the stage of growth, development and funding needs of the borrower. The Tarun Plus category was introduced in Union Budget 2024-25 and allows loans up to ₹20 lakh for entrepreneurs who have already successfully repaid a Tarun loan. Since its launch in 2015, a total of 57.79 crore loans worth ₹40.07 lakh crore have been disbursed under PMMY. You can check the complete list of lending institutions below to find where you can apply for a Mudra Loan near you.

PM Mudra Loan Bank List 2026

Pradhan Mantri MUDRA Yojana (PMMY) was launched by the Prime Minister on April 8, 2015. The scheme now covers loans up to ₹20 lakh (under the Tarun Plus category) for non-corporate, non-farm small and micro enterprises. Mudra loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. The bank list below is indicative and not exhaustive - it is revised from time to time as new institutions are added.

Note: Several public sector banks have been merged over the years. For example, State Bank of Bikaner & Jaipur, State Bank of Travancore, State Bank of Hyderabad, State Bank of Mysore, and State Bank of Patiala have all been merged into State Bank of India. Allahabad Bank has merged into Indian Bank. Dena Bank and Vijaya Bank have merged into Bank of Baroda. Corporation Bank and Andhra Bank have merged into Union Bank of India. Oriental Bank of Commerce and United Bank of India have merged into Punjab National Bank. Bhartiya Mahila Bank has also been merged into SBI. IDFC Bank and Capital First have merged to form IDFC FIRST Bank. Syndicate Bank has merged with Canara Bank. All existing Mudra loan accounts with these banks continue as normal under the merged entity.

Partner Institutions	Numbers
Public Sector Banks	12
Private Sector Banks	18+
Regional Rural Banks (RRBs)	43
Small Finance Banks	11+
Co-operative Banks	14+
MFI-NBFC	47+
MFI	26+
Mainline NBFCs	31+

Public Sector Banks (Post-Merger, 2026)

Following the consolidation of public sector banks, the current list of public sector banks offering Mudra loans includes:

1. State Bank of India (includes erstwhile SBI associates)
2. Bank of Baroda (includes Vijaya Bank and Dena Bank)
3. Bank of India
4. Bank of Maharashtra
5. Canara Bank (includes Syndicate Bank)
6. IDBI Bank Ltd.
7. Indian Bank (includes Allahabad Bank)
8. Punjab National Bank (includes Oriental Bank of Commerce and United Bank of India)
9. UCO Bank
10. Union Bank of India (includes Corporation Bank and Andhra Bank)
11. Central Bank of India
12. Indian Overseas Bank
13. Punjab & Sind Bank

Private Sector Banks

1. Axis Bank Ltd.
2. Catholic Syrian Bank Ltd.
3. City Union Bank Ltd.
4. DCB Bank Ltd.
5. Federal Bank Ltd.
6. HDFC Bank Ltd.
7. ICICI Bank Ltd.
8. IndusInd Bank Ltd.
9. Jammu & Kashmir Bank Ltd.
10. Karnataka Bank Ltd.
11. Karur Vysya Bank Ltd.
12. Kotak Mahindra Bank Ltd.
13. Nainital Bank Ltd.
14. South Indian Bank
15. Tamilnad Mercantile Bank Ltd.
16. RBL Bank Ltd. (formerly Ratnakar Bank)
17. Yes Bank Ltd.
18. IDFC FIRST Bank Ltd. (merged entity of IDFC Bank and Capital First)

Small Finance Banks

Small Finance Banks are also authorized lending institutions under PMMY and are very active in giving Mudra loans, especially in semi-urban and rural areas:

1. Ujjivan Small Finance Bank
2. Equitas Small Finance Bank
3. Utkarsh Small Finance Bank
4. AU Small Finance Bank
5. Jana Small Finance Bank
6. Suryoday Small Finance Bank
7. ESAF Small Finance Bank
8. Fincare Small Finance Bank
9. Capital Small Finance Bank
10. North East Small Finance Bank
11. Shivalik Small Finance Bank

Regional Rural Banks (RRBs)

1. Andhra Pragathi Grameena Bank
2. Chaitanya Godavari Grameena Bank
3. Deccan Grameena Bank
4. Saptagiri Grameena Bank
5. Bihar Gramin Bank
6. Madhya Bihar Gramin Bank
7. Uttar Bihar Gramin Bank
8. Baroda Gujarat Gramin Bank
9. Saurashtra Gramin Bank
10. Karnataka Vikas Grameena Bank
11. Pragathi Krishna Gramin Bank
12. Kerala Gramin Bank
13. Maharashtra Gramin Bank
14. Meghalaya Rural Bank
15. Puduvai Bharathiar Grama Bank
16. Punjab Gramin Bank
17. Sutlej Gramin Bank
18. Marudhara Gramin Bank
19. Pallavan Grama Bank
20. Pandyan Grama Bank
21. Tripura Gramin Bank
22. Baroda Uttar Pradesh Gramin Bank
23. Prathama UP Gramin Bank
24. Sarva UP Gramin Bank
25. Narmada Jhabua Gramin Bank
26. Sarva Haryana Gramin Bank
27. Baroda Rajasthan Kshetriya Gramin Bank
28. Aryavart Bank
29. Bangiya Gramin Vikash Bank
30. Paschim Banga Gramin Bank
31. Uttarakhand Gramin Bank

Co-operative Banks

1. Gujarat State Co-op Bank Ltd
2. Mehsana Urban Co-op Bank
3. Rajkot Nagarik Sahakari Bank
4. Kalupur Commercial Co-op Bank
5. Bassein Catholic Co-op Bank
6. TJSB Sahakari Bank Ltd
7. Jalgaon Janata Sahakari Bank Ltd
8. Nutan Nagrik Sahakari Bank Ltd
9. Ahmedabad Mercantile Co-op Bank Ltd
10. Surat People Co-op Bank Ltd
11. Dombivali Nagari Sahakari Bank Ltd
12. Citizen Credit Co-op Bank Ltd
13. Tamil Nadu Apex State Co-op Bank Ltd
14. AP State Apex Co-op Bank Ltd

MFI-NBFC

1. S V Creditline Pvt. Ltd., New Delhi
2. Margdarshak Financial Services Ltd., Uttar Pradesh
3. Madura Micro Finance Ltd., Tamil Nadu
4. ESAF Micro Finance & Investments P. Ltd, Kerala
5. Fusion Micro Finance P. Ltd., New Delhi
6. Future Financial Services Ltd., Karnataka
7. Utkarsh Micro Finance P. Ltd, Uttar Pradesh
8. Sonata Finance Pvt. Ltd, Uttar Pradesh
9. Saija Finance Private Ltd, Bihar
10. Arth Micro Finance Pvt. Ltd., Rajasthan
11. Shikhar Microfinance Pvt. Ltd., New Delhi
12. Navachetana Microfin Services Pvt. Ltd, Karnataka
13. Samasta Microfinance Ltd., Bangalore
14. Satin Credit Care Network Ltd, New Delhi
15. Sahyog Microfinance Ltd., Madhya Pradesh
16. Arohan Financial Services P. Ltd, West Bengal
17. Belstar Investment & Finance P. Ltd, Tamil Nadu
18. Jagaran Microfin P. Ltd, West Bengal
19. Digamber Capfin Ltd, Rajasthan
20. Midland Microfin Ltd., Punjab
21. RGVN (North East) Microfinance Ltd., Guwahati Assam
22. Grameen Development & Finance P. Ltd., Assam
23. Hindustan Microfinance Private Limited, Maharashtra
24. Namra Finance Ltd, Gujarat
25. Muthoot Fincorp Limited, Kerala
26. Sambandh Finserve Pvt Ltd, Bhubaneswar
27. IDF Financial Services Pvt Ltd, Bangalore
28. Asirvad Microfinance Private Limited, Chennai
29. Village Financial Services Pvt Limited, Kolkata West Bengal
30. Disha Microfin Private Ltd, Ahmedabad
31. Light Micro Finance Ltd, Ahmedabad
32. Uttarayan Financial Services Pvt Ltd, Kolkata West Bengal
33. Varam Capital, Chennai
34. Vedika Credit Capital Ltd, Ranchi
35. MSM Microfinance Limited, Chennai
36. M Power Micro Finance Private Ltd, Vadodara Gujarat

Micro Finance Institutions (MFIs)

1. Bhartiya Micro Credit (Sec 8 Company), Lucknow
2. Sakhi Samudaya Kosh (Sec 8 Company), Maharashtra
3. Cashpor Micro Credit (Sec 8 Company), Lucknow
4. CDOT (MFI Registered as a Society under Indian Societies Act), Bihar
5. Mahana Foundation (MFI Registered as a Trust under Trust Act 1882), Odisha
6. IRCED (MFI Registered as a Society and Trust), Maharashtra
7. NEED, Lucknow
8. Community Collective Society for Integrated Development (MFI Registered as a Society), New Delhi
9. Swayam Micro Services (Sec 8 Company), Ahmedabad
10. Chanura Microfin Manipur, Manipur
11. Humana People to People India, New Delhi
12. Disha India Micro Credit (Sec 25 Company), Saharanpur
13. Annapurna Mahila Multistate Co-op Credit Society (Co-op Society and MFI), Pune
14. Prayas (Organisation for Sustainable Development) (MFI Registered as a Society and Trust), Ahmedabad
15. Dhosa Chandaneshwar Bratyajana Samity (DCBS) (Society), Kolkata
16. Seba Rahara (Society), Kolkata
17. Belghoria Janakalyan Samity (Society), Kolkata
18. Gram Bikash Kendra, Kolkata
19. Shakti Mahila Sangh Bahu Uddeshya Sahkari Maryadit (Society), Jabalpur, MP
20. Mahasemam Trust (Society), Madurai, Tamilnadu
21. Sampurna Training and Entrepreneurship Programme (STEP) (Section 25 Company), Kolkata, West Bengal
22. Life Foundation (MFI and Trust), Kerala
23. Sanghmitra Rural Financial Services (Sec 8), Mysore
24. Pahal Financial Services Pvt Ltd, Ahmedabad
25. Blaze Trust (MFI registered as trust), Coimbatore, Tamil Nadu
26. Mahashakti Foundation (MFI Registered as a Trust under Trust Act 1882), Odisha

Mainline NBFCs

1. Fullerton India Credit Co. Ltd.
2. Shriram Finance Ltd. (merged entity of Shriram Transport Finance and Shriram City Union Finance)
3. Magma Fincorp Ltd. (now merged with HDFC Credila)
4. Shriram Finance Corporation Pvt Ltd (SRFCL)
5. India Infoline Finance Ltd (IIFL Finance)
6. Mahindra & Mahindra Financial Services Ltd
7. ECL Finance Ltd.
8. AU Financiers India Ltd. (now AU Small Finance Bank)
9. SE Investments Ltd.
10. Electronica Finance Ltd.
11. MAS Financial Services Ltd.
12. IKF Finance Ltd.
13. Intec Capital Ltd.
14. Sakthi Finance Ltd.
15. Five Star Business Credits Ltd.
16. Vistaar Financial Services P. Ltd.
17. Nabard Financial Services Ltd (NABFINS)
18. Maanaveeya Development & Finance Private Ltd
19. Jumbo Finvest (India) Limited (JFIL)
20. Ananya Finance for Inclusive Growth Pvt. Ltd.
21. Pudhuaaru Financial Services Pvt Limited (PFSPL)

Check the full Mudra Loan Bank List PDF or the complete list of lending institutions shortlisted to be partners of MUDRA through the official link: https://mudra.org.in/Default/DownloadFile/ShortlistedLendingInstitutions_eng.pdf

You can approach any of the lending institutions mentioned in the list above, or apply online through the official government portal at www.udyamimitra.in. The Udyami Mitra portal lets you compare interest rates from multiple banks and get a digital approval in principle before visiting the branch for final disbursement.

Four Loan Categories Under PMMY 2026

When you go to any of these banks or lending institutions to apply for a Mudra loan, you will need to pick the right loan category based on your business stage. Here is a quick breakdown of all four categories now available under Pradhan Mantri Mudra Yojana:

Category	Loan Amount	Who Is It For
Shishu	Up to ₹50,000	First-time entrepreneurs, new micro businesses just getting started
Kishor	₹50,001 to ₹5 lakh	Businesses already running and looking to grow or stabilize
Tarun	₹5 lakh to ₹10 lakh	Well-established micro enterprises scaling up operations
Tarun Plus	₹10 lakh to ₹20 lakh	Entrepreneurs who have already successfully repaid a Tarun loan (introduced in Budget 2024-25)

List of Documents Required for Mudra Loan

When you visit any of the banks in the list above to apply for a Mudra loan, keep the following documents ready. The exact documents needed may vary slightly depending on the bank and loan category.

• Duly filled application form for the specific category - Shishu form is different from the common Kishor and Tarun form.
• Identity Proof: Aadhaar Card / Voter's ID Card / Passport / Driving License (any one).
• Residence Proof: Aadhaar Card / Voter ID Card / Passport / Telephone Bill / Bank Statement (not older than 2 months).
• Business Proof: GST registration certificate, Udyam Registration certificate, or Trade License.
• Bank Statements: Last 6 months' bank account statement from your existing bank.
• Business Plan or Project Report (required for Kishor, Tarun, and Tarun Plus categories).
• Income Tax Returns for last 1-2 years (for Tarun and Tarun Plus loans).
• Proof of belonging to SC, ST, OBC, or Minority category (if applicable).
• 2 recent passport-size photographs of the applicant.

Key Facts About PMMY 2026

Since its launch in 2015, PM Mudra Loan Scheme has become one of the biggest small business lending schemes in the world. The government officially shared that 57.79 crore loans worth ₹40.07 lakh crore have been given out. Out of these, 12.15 crore loans worth around ₹12 lakh crore went to first-time entrepreneurs. Women account for 67% of all loan recipients - a total of 38.71 crore loans have been given to women. Around 51% of all loans have gone to OBC category borrowers. No collateral is needed for any Mudra loan. Interest rates start from around 8.5% per annum and go up to 16% or more depending on the lender and category. Repayment tenure ranges from 3 months to 7 years.

For full details about eligibility, how to apply online, and the complete application process, also see our detailed guide on PM Mudra Loan Scheme.

For more details, visit the official MUDRA website at https://www.mudra.org.in/