The card was launched by Financial Services Secretary Hasmukh Adhia at Mangalore.
The Pradhan Mantri Mudra scheme aims to fund the unfunded and formalise the informal under non-farm micro units in manufacturing, trading and services with affordable credit up to Rs 10 lakh.
The bank is the first to launch the Mudra card, Corporation Bank said in a statement.
Under the Pradhan Mantri Mudra scheme, three loan schemes are offered to entrepreneurs based on their capacity to repay.
The 'Shishu' scheme provides loan up to Rs 50,000. A loan amount of up to Rs 5 lakh will be lent under 'Kishore' scheme and under the 'Tarun' scheme, loan up to Rs 10 lakh will be offered.
As a part of the Digital India programme, the bank also launched a high-tech paperless point of sales (PoS) terminal and the 'Remit to India' portal for inward remittance by NRIs.
