List of Businesses Covered under Mudra Loan
In order to avail Mudra loan under PMMY, the usual terms and conditions of the lending agency are applicable. Rates are determined as per the guidelines of the RBI.
Here is a List of Businesses that can avail the MUDRA Bank loan.
- Shopkeepers
- Fruits and vegetable vendors
- Non-Corporate Small Business Segment (NCSBS) running as small manufacturing units that comprise millions of proprietorship or partnership firms
- Service sector units such as beauty parlours, boutiques, courier agents, cycle and motorcycle repair shop, dry cleaning shops, DTP and Photocopying Facilities, gymnasiums, pharmacies, saloons, tailoring units, etc.
- Truck operators.
- Loans can be availed for purchase of transport vehicles for goods and personal transport such as passenger cars, auto rickshaw, e-rickshaws, taxis, small goods transport vehicle, 3 wheelers, etc.
- Artisans,
- Food-service units
- Food processing units such as agricultural produce preservation at rural level, small service food stalls, biscuit, bread and bun making, canteen services, day-to-day catering, cold storages and cold chain vehicles, jams/jellies making, papad and pickle making, sweet shops, ice and ice cream making units.
- Repair shops or mechanic sheds
- Small industries such as chicken work, cotton ginning, traditional embroidery and hand work, handloom, knitting, apparel design, computerized embroidery, traditional dyeing and printing, powerloom, textile non garment products such as bags, vehicle accessories, furnishing accessories, zari and zardozi work, stitching and others.
- Machine operators
Interest Rates for Mudra Bank Loan
The banks that are currently offering business loans under the Pradhan Mantri MUDRA Yojana have interest rates ranging from 7.30% to 37%. Here are the interest rates for loans of different schemes provided by the MUDRA Bank:
Mudra Loan Schemes | Interest Rates |
Mudra Shishu Yojana | Loans up to Rs.50,000 under this scheme. A nominal interest rate of 10%p.a. to 12%p.a. is charged for the loan. |
Mudra Kishor Yojana | Loan amount of Rs.5,00,000. Categorized as unsecured loan and being a middle scheme the rate of interest ranges from 14%p.a. to 17%p.a. depending on the bank, where loan is availed. |
Mudra Tarun Yojana | Loan amount of Rs.5,00,001 to Rs.10,00,000 can be availed. An unsecured loan, this comes with an interest rate of 16%p.a. and may vary according to the bank approached. |
Banks offering Business Loans under Pradhan Mantri Mudra Yojana
Scheduled Commercial Banks –
- Should be either public sector or private sector
- Should have been operational for at least for 3 years
- A profit track record 3 continuous years is a must
- Non-performing assets should not be more than 3%
- A minimum net worth of INR 100 crores is mandatory
- Must have a Credit to Risk Assets Ratio of not less than 9%
Regional Rural Banks –
- Non-performing assets should not exceed 3%
- Credit to Risk Assets Ratio should be more than 9%
List of Banks offering Mudra Loans
Public Sector Banks | Private Banks | Co-Operative Banks |
Oriental Bank of Commerce | RBL Bank | Gujarat State Co-operative Bank |
Kotak Mahindra Bank | HDFC Bank | Kalupur Commercial Co-operative Bank |
Standard Chartered Bank | Indusind Bank | Mehsana Urban Co-operative Bank |
Indian Bank | Axis Bank Ltd | Rajkot Nagarik Sahakari Bank |
State Bank of Patiala | Jammu & Kashmir Bank | |
Bank of India | Karnataka Bank | |
Central Bank of India | City Union Bank | |
IDBI Bank | Yes Bank | |
Citibank | South Indian Bank | |
Dena Bank | Kotak Mahindra Bank | |
Canara Bank | Federal Bank | |
Allahabad Bank | Tamilnad Mercantile Bank | |
Vijaya Bank | Karur Vysya Bank | |
UCO Bank | DCB Bank | |
Bank of Baroda | Catholic Syrian Bank | |
Union Bank of India | Nainital Bank | |
Indian Overseas Bank | ||
South Indian Bank | ||
Bank of Maharashtra | ||
State Bank of India | ||
Syndicate Bank | ||
Punjab & Sind Bank | ||
United Bank of India | ||
Andhra Bank | ||
State Bank of Mysore | ||
Corporation Bank | ||
Central Bank of India | ||
Punjab National Bank |
What are the Other Institutions offering Mudra Loans?
Apart from banks, certain micro finance institutions (MFIs) and non-banking financial companies (NBFCs) also offer MUDRA loans. Here is a list of the organizations:
Mainline NBFCs
- Mahindra & Mahindra Financial Services Ltd
- Shriram City Union Finance Ltd.
- Reliance Capital Ltd.
- Religare Finvest Ltd.
- Shriram Finance Corporation Pvt Ltd. (SRFCL)
- Indiabulls Financial Services Ltd.
- Shriram Transport Finance Co. Ltd.
- India Infoline Finance Ltd (IIFL)
- MAS Financial Services Ltd.
- Bansal Credits Ltd.
- SREI Equipment Finance Ltd.
- AU Financiers India Ltd.
- Vistaar Financial Services P. Ltd.
- Magma Fincorp Ltd.
- India Infoline Ltd.
- Five Star Business Credits Ltd.
- Intec Capital Ltd.
- IKF Finance Ltd.
- Esskay Auto Finance Ltd.
- Equitas Finance Pvt. Ltd.
- Electronica Finance Ltd.
- Sakthi Finance Ltd.
- SE Investments Ltd.
- ECL Finance Ltd.
What are the Microfinance Institutions (MFIs): MFI – NBFC offering Mudra Bank Loans?
- Arohan Financial Services Pvt. Ltd.
- Arth Micro Finance Pvt. Ltd.
- Belstar Investment & Finance Pvt. Ltd.
- Bhartiya Micro Credit
- Cashpor Micro Credit
- CDOT
- Digamber Capfin Ltd.
- ESAF Micro Finance & Investments Pvt. Ltd.
- Equitas Micro Finance Pvt. Ltd.
- Fusion Microfinance Pvt. Ltd.
- Future Financial Services Ltd.
- Grameen Development & Finance Pvt. Ltd.
- Hindustan Microfinance Private Limited
- IDF Financial Services Pvt. Ltd.
- Jagaran Microfin Pvt. Ltd.
- Madura Micro Finance Ltd.
- Mahashakti Foundation
- Margdarshak Financial Services Ltd.
- Midland Microfin Ltd.
- Muthoot Fincorp Limited
- Namra Finance Ltd.
- Navachetana Microfin Services Pvt. Ltd.
- RGVN (North East) Microfinance Ltd.
- SKS Microfinance Ltd.
- S V Creditline Pvt. Ltd.
- Sahyog Microfinance Ltd.
- Saija Finance Private Ltd.
- Sakhi Samudaya Kosh
- Samasta Microfinance Ltd.
- Sambandh Finserve Pvt Ltd
- Satin Credit Care Network Ltd.
- Shikhar Microfinance Pvt. Ltd.
- Sonata Finance Pvt. Ltd.
- Suryodaya Microfinance Ltd.
- Ujjivan Financial Services Pvt. Ltd.
- Utkarsh Micro Finance Pvt. Ltd.
These were some of the institutions that offer PMMY loans to small businesses across the countries. The list of organizations, however, are subject to change as per the Government’s directive. Hence, it is always essential to check if the bank or micro-finance institution is offering MUDRA loan, before approaching it.
FAQs on List of Industries that are offered Mudra Yojana
- What types of businesses are covered under the Mudra Loan?
Various types of businesses such as manufacturing, trading, and service sectors are covered under the Mudra Loan scheme.
- What are the sectors covered under the Mudra Loan scheme?
Sectors covered include agriculture, food processing, textiles, transport, community, personal service, and trading.
- Can I get a Mudra Loan for starting a small business?
Yes, Mudra Loans can be availed for starting a new business or expanding an existing one.
- Are there any restrictions on the size of the business for availing a Mudra Loan?
Mudra Loans cater mainly to micro-enterprises and small businesses, so there are generally no restrictions based on the size of the business.
- Is there any collateral required for a Mudra Loan?
For loans up to Rs. 10 lakh, no collateral is generally required. However, for higher loan amounts, banks may ask for collateral or security.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.