Bank | Union Bank of India |
Scheme | Union MUDRA |
Description | · Under PMMY our Bank extend finance to the micro enterprises which are in the business of manufacturing, trading and service sector in rural, urban & metro areas. |
Eligibility | |
Rate of Interest & Repayment | · The rate of interest applicable to the units is in the range of MCLR + 0.40% to MCLR + 1.65%. |
Collateral | · Loans covered under MUDRA is collateral free loans. However assets created out of the bank loan to be charged with the Bank. |
Composite /loan Limit | |
Margin | |
Detail Link | View Link |