Bank | Union Bank of India | |||||||||||
Scheme | Union Nari Shakti | |||||||||||
Description | · Cash Credit / Term Loan | |||||||||||
Eligibility | · Micro & Small Enterprises owned and managed by Women Entrepreneurs. In case of a partnership concern or company, majority of partners should be women and in case of company, majority of directors should be women
· Proprietorship, partnership concerns (including LLP), Limited Companies etc belonging to Micro and Small Enterprises. · Units should have in place all necessary statutory approvals / NOCs from respective authorities. · All new as well as existing accounts can be covered under this scheme. · Credit Rating of the borrower should not be below UBI-5 in case of new connection and UBI-4 in case of takeover advances
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Rate of Interest & Repayment |
Repayment period Working Capital – One year / Term Loan – Maximum 84 months including moratorium period of maximum 12 months |
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Collateral | · In case of exposure upto Rs.10.00 lacs, no collateral security is to be obtained.
· In case the exposure is covered under CGTMSE, no collateral security is to be obtained upto Rs.100.00 lacs. · In cases where the exposure is not covered under CGTMSE, minimum collateral as acceptable to the Bank to be as under In case of Working Capital only: Minimum 25% of the loan value. |
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Composite /loan Limit | Minimum Rs.2.00 lacs and Maximum Rs.100.00 lacs | |||||||||||
Margin | Upto Rs.10.00Lacs – 5% / Above Rs.10Lacs – 15% | |||||||||||
Detail Link | View Link |