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UCO Bank

UCO Bunkar Rinn Yojana

Bank UCO Bank
Scheme UCO Bunkar Rinn Yojana
Description Aims at providing adequate and timely assistance from the Bank to the weavers to meet their credit The Scheme will be implemented both in rural and urban areas.
Eligibility Existing Handloom Weavers, weaver card issued by the O/o DC (Handlooms) Certificate or Identity cards issued by the State Government.
Rate of Interest & Repayment Varies from UCO Float Rate + 0.40% to 1.90% ( based on the limit)
Collateral ·
Composite /loan Limit The total credit facility extended to individual borrower comprising of CC limit & Term Loan not exceed Rs. 5.00 lakh. Note: The minimum sanctioned loan limit for financing silk handloom weavers shall be Rs. 1.00 lakh.
Margin   20% of calculated credit limit/ project cost. Govt assistance @20% of the cost of max Rs 10,000/- if available
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