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1. Eligibility All business units irrespective of classification under Micro & Small enterprise category.
2. Purpose To meet business related needs including purchase / construction of business/office premises including Cyber cafe, machinery including Generator Set, equipments, vehicles, other fixed assets  and working capital requirement.
3. Quantum of Finance Maximum limits upto Rs.1.00crore
4. Margin
  • 10% for credit limit upto Rs.10.00Lacs.
  • 15% for Credit Limits above Rs.10.00Lacs
5. Interest rate As per extant interest rate guidelines for Micro and Small Enterprises.
6. Processing charges At concessional rates
7. Documentation & inspection charges Flat rate irrespective of limits
8. Security Primary: All assets created out of Bank's finance shall be charged in favor of Bank by way of hypothecation / mortgage etc.

Collateral: No collateral for accounts covered under CGTMSE (Annual guarantee fee payable to Credit Guarantee Trust will be fully absorbed by the Bank for micro enterprises).
9. Repayment Working Capital: 12 months subject to renewal as per extant guidelines.

Term Loan: To be repaid within maximum period of 84 monthly installments inclusive of moratorium period.
Interest to be paid as and when due.
10. Rupay Card Rupay card facility by earmarking sanctioned Working Capital limits to individual borrowers / proprietor of firms.
11. ULUCC Fund Based Working Capital limit upto Rs.10.00 lacs for 3 years under Union Laghu Udyami Credit Card as per eligibility.
12. Standby limit Standby limits to eligible borrowers as per Bank norms.


Conditions apply, for further details, please visit our nearest Branch


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