AGRICULTURE LOAN

The Agriculture sector plays a major role not only in the economy of our country but also in providing livelihoods to millions of rural folk. We support the farmer by way of Short term credit for financing crop production, by helping with purchase of seeds, fertilizers, pesticides etc. All types of crops are supported, from staples like rice to cash crops like sugarcane and cotton including multiple cropping.

Our Government Business Cell offers a bouquet of products for our customers: Pension payments, Collection of various Taxes, Deposit Schemes like Senior Citizens Deposit Scheme & Public Provident Fund Accounts, Investment opportunities in Government Bonds, Future - securing Schemes like the New Pension Scheme. In many ways, we are like a bridge linking the people and the Government.

We at Union Bank understand the role which Self Help Groups and Joint Liability Groups are playing in the empowerment and development of rural communities. We have therefore developed specific loan schemes to cater to the needs of these segments.

An essential component of our Corporate Social Responsibility is to care for the community.
We endeavor to make a positive contribution to underprivileged communities by supporting a wide range of socio-economic, educational and health initiatives and making a difference in their lives.

This page provides you with information which we feel may be found helpful. We welcome your suggestions for further content, which may be sent to us through the Feedback/Suggestions link in Contact Us or directly through this link RBI Master Circular on Priority Sector Lending

PARTNERS WITH GOVERNMENT
Union Bank is fully involved in all the various developmental plans of the government at all levels - Block / District / State / Country. We view our partnership with Government as our contribution to nation building.
Social Lending is an important part of our credit portfolio. We participate in government sponsored schemes across the country, sponsored by District Rural Development Agency, District Industries Centre, Khadi & Village Industries Commission, NABARD etc. We also have tieups with a number of government and semi government bodies such as the Small Farmers Agri-Business Consortium.

Many developmental plans are being implemented for Minority Communities focusing on their social and economic development. Once their educational, social and economic condition is improved, they can be brought more fully into the main stream of society.
Union Bank has prepared a Roadmap to step up Priority Sector Lending to Minority Communities, planning to achieve the targeted level of 15% of Priority Sector Advances by 2016