Bank | Union Bank of India | ||||||
Scheme | Union MSME Suvidha | ||||||
Description | • To meet need based working capital (Fund Based & Non-Fund Based) requirement for Business Activity. • Term Loan for own business use, which is detailed as under: • Purchase/ Construction / Renovation of Business Premises, Factory / Offices / Shop / Godown / Plant & Machinery / Equipment etc for business activities areeligible. • Purchase of equipment like Computers, air-conditioner, furniture & fixtures and other fixed assets like commercial vehicles forbusiness. • Any other purpose whereby asset is created out of Bank’s finance for the purpose of running the business. |
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Eligibility | All units engaged in the Manufacturing/ Services/ Trading activity, eligible to be classified under MSME. | ||||||
Rate of Interest & Repayment | Repayment:
Working Capital: On Demand. |
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Collateral | |||||||
Composite /loan Limit | Min: Above Rs.10 Lakh Max: Up to Rs.50 Crore with TL restricted upto Rs. 10.00 crores in case of Trade accounts. Also, exposure below Rs. 10.00 lakhs sanctioned previously may be continued till the closure of limit / loan. |
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Margin |
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Detail Link |