Union Bank Of India Biotech Loan

Sir I want to take the Union Bank Of India Biotech Loan soc an you please tell em that what is the eligibility for taking the loan from the bank

[Kiran Chandar]

Hey buddy the Union Bank of India is one of the largest government-owned banks of India. It is listed on the Forbes 2000, and has assets of USD 13.45 billion.

All the bank's branches have been networked with its 6909 ATMs as on 30.09.2015.

The Union Bank Of India Biotech Loan is provided for the Tissue Culture Plantlets


Requirements For Availing The Loan

Under the Scheme, Term Loan/ Working Capital Loan will be provided to individual, joint individuals, Corporates qualified professional entrepreneurs/sole proprietary concerns/partnership firms/public and private limited companies/co-operatives etc for production of Tissue Culture Plantlets.

Amount of loan Sanctioned

It is a project based loan with no ceiling on upper limit.

Interest Rate

To promote the Tissue Culture in country and to encourage more entrepreneurs to take up the Tissue Culture Projects, a concession in Rate of interest is provided

Margin –

25% of Loan amount

Repayment Period

7 years Repayment period for borrower to easily repay their loan.