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Union Bank of India

Union Nari Shakti

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


Rate of Interest & Repayment
Credit Rating Micro Small
UBI-1/2/3 MCLR +1.15% MCLR +1.40%
UBI-4/5 MCLR +1.90% MCLR +2.40%
(rate of interest is subject to revision from time to time)

Repayment period Working Capital – One year / Term Loan – Maximum 84 months including moratorium period of maximum 12 months

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.
– In case of Term Loan for purchase / construction / renovation of shops / godown: Minimum 15% of the loan value.
– In case of composite loan (Both working capital and term loan): Minimum 15% of the loan value

Composite /loan Limit Minimum Rs.2.00 lacs and Maximum Rs.100.00 lacs
Margin Upto Rs.10.00Lacs – 5% / Above Rs.10Lacs – 15%
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