List of banks offering Mudra Loan
The Pradhan Mantri MUDRA Yojana (PMMY) Mudra Loan was launched in 2015 with the main aim of focusing on the financial needs for large numbers of micro-units.
Micro enterprises play a significant role in generating big employment opportunities and makes an important contribution to India GDP.
Typically, the Mudra loan scheme does not often fund entrepreneurs. In fact, these loans are made available through a host of financial institutions as part of the Mudra bank branch list. Those financial institutions are non-banking financial institutions (NBFCs), commercial banks, small finance banks, and regional rural banks (RRBs) can also be designated Mudra finance branches.
Mudra Loan Bank List
Now, the next question comes on mind is “Which banks provide Mudra Loans” - there are certain things to consider.
The banks and financial institutions currently offering business loans under the Pradhan Mantri MUDRA Yojana with the interest rate ranging from 11% to 37% depending on applicant profile, repayment capacity, credit history, financial track record, and income ability..etc.
Some of the popular banks that are offering Mudra loans are as follows:
Mudra Loan Bank List
Allahabad Bank
Bank of India
HDFC Bank
Axis Bank
Bank of Maharashtra
Central Bank of India
Bank of Baroda
Indian Bank
United Bank of India
Jammu & Kashmir Bank
Punjab National Bank
Union Bank of India
Karnataka Bank
Canara Bank
State Bank of India
Kotak Mahindra Bank
Indian Overseas Bank
ICICI Bank
Oriental Bank of Commerce
UCO Bank
Federal Bank
Estimates suggest that by the year 2030, the urban population of India will reach 600 million, Indian government launched the Pradhan Mantri Awas Yojana (PMAY).
This scheme is a part of the Government’s ambitious "Housing for All".
In the second tranche of economic relief, the focus has been firmly laid on assisting migrants and farmers, building upon the measures already in place for them during the Corona Crisis.
