Union Bank Of India Nari Shakti

Hello sir I want to know about the Nari Shakti scheme of Union Bank Of India so please provide me details ??

[Kiran Chandar]

As you want to know about the Nari Shakti scheme of Union Bank Of India

Here are the details pertaining Nari Shakti scheme

1. Scope

The scheme will be operational Pan India.

All women owned and managed Micro and Small Enterprises engaged in assemble or production, processing or conservation of good qualities or enterprises engaged in providing or rendering of services.

2. Eligibility:-

Enterprises must be 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, greater part of directors should be women.

Enterprises eligible to be confidential under Micro and Small Enterprises as per investment criterion outlined in MSMED Act 2006.

Proprietorship, partnership concerns (including LLP), Limited Companies etc belonging to Micro and Small Enterprises.

Units should have in place all essential statutory approvals / NOCs from respective authorities.

Credit Rating of the borrower must not be below UBI-5 in case of new connection and UBI-4 in case of takeover advances.

Any deviation in take over norms shall be subject to norms prescribed in latest Loan Policy (Presently 2014-15).

All new as well as existing accounts may be covered under this scheme.

3. Nature of Facility-

Working Capital
Term Loan

4. Quantum of Finance-
Minimum Rs. 2.00 Lacs
Maximum Rs. 100.00 Lacs

5. Margin
Up to Rs. 10.00 Lacs – 5%
Above Rs. 10.00 Lacs – 15%

6. Rate of Interest
Micro Enterprises
UBI-1 to UBI-3 : BR+1.00%
UBI-4 to UBI-5 : BR+1.75%
Small Enterprises
UBI-1 to UBI-3 : BR+1.25%
UBI-4 to UBI-5 : BR+2.25%