Cooperative Bank Mudra Loan, available in rural areas

Cooperative Bank Mudra Loan

Most of the cooperative banks are associated with mainstream banks and offering cooperative bank mudra loans. The benefits of cooperative banks are they are providing services in that area where main bank branches are not available.

Cooperative banks are really doing good works and providing banking facilities to rural and less profitable areas. Where the leading bank never prefers to open branches due to less profitability.

Modi govt knows about the structure and they assigned cooperative banks to disburse cooperative bank mudra loans in their areas.

List of banks offering

Gujarat State Co-op Bank Ltd
Mehsana Urban Co-op Bank
Rajkot Nagarik Sahhakari Bank
Kalupur Commercial Co-op Bank
Bassein Catholic Co-op Bank
TJSB Sahakari Bank Ltd
Jalgaon Janata Sahakari Bank Ltd
Nutan Nagrik Sahakari Bank Ltd
Ahmedabad Mercantile Co-op Bank ltd
Surat People Co-op Bank ltd
Dombivali Nagari Sahakari Bank Ltd
Citizen Credit Co-op Bank Ltd
Tamil Nadu Apex State Co-op Bank Ltd
AP State Apex Co-op Bank Ltd.

How can apply for Mudra Loan in Cooperative Bank?

There is a standard process to get a cooperative bank mudra loan or any other mudra loan from any institution, just fill a mudra loan form available online/ offline and submit your nearest cooperative bank branch.

Cooperative Bank Mudra Loan Category

Cooperative banks are providing cooperative bank mudra loan under three category which is mentioned below.

Shishu Rs. 50 thousand
Kishor Rs. 5 lakh
Tarun Rs. 10 lakh

Eligibility to get Cooperative Bank Mudra Loan

Applicant must be an Indian citizen
Applicant’s age has to be above 18 years
All non-farm enterprises under Micro and small enterprises are eligible for this loan
Allied agricultural activities are included under this loan
Applicant should indulge in income-generating activities
Applicant should be engaged in manufacturing, trading, and services sectors, only