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Union Nari Shakti

1. Eligibility • All women owned and managed MSMEs engaged in manufacture or production, processing or preservation of goods or enterprises engaged in providing or rendering of services or engaged in trading activity.
• Units with partner’s capital/ share capital in case of private/ public limited companies of minimum 51% with women shall be considered as units owned by women.
2. Purpose • CCH Limits to meet working capital requirements.
• Term Loan for purchase/construction/renovation of factory/ offices / shop / godown or for purchase of plant & machineries or other equipments.
3. Quantum of Finance • Minimum –Rs. 2.00 Lacs
• Maximum -Rs. 200.00 Lacs
4. Margin • Minimum 5% margin for loans up to Rs 100.00 lakh
• Minimum 15% margin for loans above Rs 100.00 lakh
5. Processing Charges Nil
6. Facility • Working Capital (Fund Based and / or Non Fund Based)
• Term Loan
7. Security Prime:
• In case of working capital limit, exclusive charge on stock and book debts.
• In case of term loan, exclusive charge on assets created out of bank finance.
Collateral:
• In case the exposure is covered under CGTMSE, no collateral security is to be obtained.
• In cases where the exposure is not covered under CGTMSE, minimum collateral to be 25% of the loan value of any nature acceptable to the bank.
8. Repayment • Working Capital Limit is for a period of one year subject to renewal by competent authority on yearly basis on the basis of merit.
• Term Loan to be repaid in maximum 84 months including Moratoriumperiod of Maximum 1 year.
9. Assessment • Working Capital:Need based limit to be sanctioned as per eligibility assessed on the basis of prevailing method of assessment of working capital limit as detailed in the Loan Policy.
• Term Loan:Need based limit to be sanctioned based on cost of project and promoter’s margin, profitability projections acceptable to the Bank as per existing norms of the Bank.

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