List of Banks offering Mudra Loan

The banks that are officially approved to offer business Loans must meet the following criteria as per their category –

1. Scheduled Commercial Banks –
   1. Must be either public sector or private sector
   2. Must have been in operation for 3 years
   3. Must have 3 continuous years of profit track record
   4. Must not have non-performing assets more than 3%
   5. Must have a minimum net worth of INR 100 crores
   6. Must have a Credit to Risk Assets Ratio of not less than 9%
2. Regional Rural Banks –
   1. Non-performing assets should not be more than 3%
   2. Credit to Risk Assets Ratio should be more than 9%

The above criteria also applies to micro finance and small business companies.

The banks that are currently offering business loans under the Pradhan Mantri MUDRA Yojana have interest rates ranging from 11% to 37%. Some of the more popular banks that are offering MUDRA loans are as follows –

• Oriental Bank of Commerce
• Kotak Mahindra Bank
• Standard Chartered Bank
• Indian Bank
• State Bank of Patiala
• Bank of India
• Central Bank of India
• IDBI Bank
• Citibank
• HDFC Bank
• Indusind Bank
• Dena Bank
• State Bank of Bikaner and Jaipur
• State Bank of Travancore
• Canara Bank
• Allahabad Bank
• Vijaya Bank
• Karur Vysya Bank
• UCO Bank
• Bank of Baroda
• Union Bank of India
• Tamilnad Mercantile Bank
• Indian Overseas Bank
• South Indian Bank
• Bank of Mahrashtra
• State Bank of Hyderabad
• HDFC Bank
• State Bank of India

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