MSME Products
UCO Vyapar Samridhi
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For both New and Existing business unit under MSE – Small Business including Retail Trade
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Provision of guarantee coverage by CGTMSE as per CGTMSE guidelines
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FB+NFB Credit facility : Rs. 1.00 Lakh and up to Rs. 100.00 Lakh per MSE borrower
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Need based Ad-Hoc facilities is also sanctioned.
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Repayment tenure of Cash Credit/Term Loan to be decided keeping in view the availability of guarantee coverage under CGTMSE/CGFMU/CGSSI on case to case basis
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No collateral security is insisted
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The loan exposure may be covered under “Hybrid Security” product of CGTMSE
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Where the borrower offers 100% collateral security to cover the loan amount then CGTMSE coverage may be waived off
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Processing Charges: Up to Rs. 5 Lakh- NIL
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Scheme for financing Two Wheeler under Mudra
1. |
Objective |
Financing Two Wheelers under priority sector MUDRA. |
2. |
Scheme Name |
Two Wheeler under MUDRA scheme |
3. |
Borrower Type |
Non-salaried individuals |
4. |
Applicability |
Applicable in all Branches |
5. |
Nature of Facility |
Term loan |
6. |
Limit |
- No Minimum
- Maximum Rs. 1.00 Lac
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7. |
Lending Power |
Maximum Rs.1.00 lac per vehicle per borrower by Branch Head of any scale. |
8. |
Margin |
NIL |
9. |
Rate of Interest |
UCO Float Rate+ 0.55% ( UCO Float Rate as applicable from time to time) |
10. |
Repayment |
Maximum 60 EMIs commencing from one month after disbursement. |
11. |
Insurance |
Assets created out of Bank finance to be insured with Bank clause, preferably through Bank’s Channel Partner. |
12. |
Scheme Classification |
All Loans opened under this scheme will be classified under MUDRA/MSME. |
13. |
Security |
- Primary Security: Hypothecation of assets created out of Bank finance.
- Collateral Security: No collateral or Third Party Guarantee is to be taken.
- To be covered under CGFMU/CGTMSE as applicable.
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14. |
Application |
Applicable based on quantum of loan, categorized as under :
- Shishu – Upto Rs.50000/-
- Kishore – Rs.50001/- to Rs.1 lac
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15. |
Other Terms and Conditions: |
- Comprehensive Insurance with Bank Clause.
- Hypothecation clause should be registered in the books of Regional Transport Authority.
- Documents and RTO Vehicle Transfer Forms as required by our Bank.
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E-Rickshaw under Mudra Scheme
1. |
Objective |
The aim of the scheme is to increase the confidence of the aspiring young person to become first generation entrepreneurs as also of existing small businesses to expand their activities. |
2. |
Applicability |
Applicable in All Branches |
3. |
Nature of Facility |
Term loan only |
4. |
Hypothecation |
Branch should ensure that E-Rickshaw is registered and/or marked as hypothecation based on the guidelines issued by State Govt/Local authorities; time to time. |
5. |
Permit |
Necessary permit/clearance for running E-Rickshaw is to be obtained from the local authorities; as applicable. |
6. |
Extent of Loan & Assessment and |
Need based Term Loan, As per Mudra Scheme.
One loan per individual.
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7. |
Margin |
NIL |
8. |
Security |
- Primary Security: Hypothecation of assets created out of loan amount.
- Collateral Security: No collateral or Third Party Guarantee is to be taken.
- To be covered under CGFMU/CGTMSE as applicable.
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9. |
Rate of Interest |
UCO Float Rate+ 0.55% ( UCO Float Rate as applicable from time to time) |
10. |
Repayment |
Term Loan: The loan will be repaid in 60 to 84 equated monthly installments (EMIs) with a moratorium period of 3 months.
Interest is to be served during moratorium period. |
11. |
Insurance |
E-Rickshaw should be insured under Comprehensive insurance with requisite Bank clause (if applicable), preferably through Bank’s Channel Partner. |
Pradhan Mantri MUDRA Yojana (PMMY)
1. |
Objective |
To increase the confidence of the aspiring young person to become first generation entrepreneurs as also of existing small businesses to expand their activities |
2. |
Eligibility |
- Eligible borrowers: - Individuals, Proprietary concern, Partnership Firm, Private Ltd. Company, Public Company & Any other legal forms
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3. |
Quantum of Finance |
- No Minimum amount. Maximum Amount - Rs.10.00 lacs
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4. |
Rate of Interest |
UCO Float Rate+ 0.55% ( UCO Float Rate as applicable from time to time) |
STANDUP INDIA
1. |
Objective |
The objective of the Stand-Up India scheme is to facilitate bank loans between Rs.10 lakh and Rs.1crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. |
2. |
Eligibility |
- SC/ST and/or woman entrepreneurs, above 18 years of age
- For only green field project
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3. |
Nature of Loan |
Composite loan (inclusive of term loan and working capital) between Rs.10 lakh and upto Rs.100 lakh. |
4. |
Purpose of Loan |
For setting up a new enterprise in manufacturing, trading or services sector by /ST/Women entrepreneur |
5. |
Interest Rate |
Not to exceed (MCLR + 3%+ tenor premium) (As applicable from time to time) |
Swarojgar Credit Card
Objective |
- Swaraojgar Credit Card Scheme (SCC) aims at providing adequate and timely credit i.e. working capital / or block capital or both to small artisans, handloom weavers, service sector, fishermen, self-employed persons, rickshaw owners, other micro-entrepreneurs etc.
- Borrowers in urban areas can also be covered under SCC Scheme. Small business covered under priority sector is also eligible under SCC Scheme.
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Nature of financial accommodation. |
The credit facility extended under the Scheme is in the nature of a composite loan including term loan / cash credit or both. |
Sanction of term Loan/Fixation of working capital Limit. |
- The term loan will be provided for meeting the investment requirements and will be repaid within five years in suitable instalments.
- The revolving cash credit will be fixed taking into account the operating cycle/nature of the investment and shall be fixed based on available balance after sanction of term loan.
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Quantum of limits: |
Rs 25,000/- per borrower as composite loan. |
Rate of Interest |
UCO Float Rate+ 1.55% ( UCO Float Rate as applicable from time to time) |
Validity |
SCC is normally valid for 5 years subject to satisfactory operation of the account and renewed on a yearly basis through simple review process |
Operation of the Scheme |
- The banks will have absolute freedom to select the client for the SCC. There will be no subsidy from the Government under this scheme.
- The borrower can avail the credit facility as per his/her requirement i.e. either term loan or working capital loan or a combination of both.
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Security/Margin/Prudential Norms |
As per Banks norms. |
Laghu Udyami Credit Card
Purpose |
To meet credit requirements of Small Business units, Retail Traders, Artisans, Village Industries, SSI, Tiny Sector Units and Professionally Self-employed etc. |
Eligibility |
Existing Micro & Small Entrepreneurs dealing with Bank for the past 3 years |
Quantum of limits: |
Maximum upto Rs 10.00, lac per borrower. |
Rate of Interest |
UCO Float Rate+1.55% ( UCO Float Rate as applicable from time to time) |
Security |
Primary Security: Hypothecation of stock in trade, receivables, machinery, office equipment etc. as specified for existing limits.
Collateral: The existing securities may be retained while converting the account to LUCC account. However, the recognition of excellent track record of borrowers, banks may be considered in its discretion, to waive collateral security taken for the advance while converting the account under LUCC scheme. |
Margin |
10% of the credit facility covered under LUCC Scheme. |
Validity |
LUCC limit sanctioned will be valid for 3 years. However, yearly review may be done by the banks on the basis of the last 12 months turnover in the account and further operations be allowed only if account is operated satisfactorily. |
UCO Trader
Working Capital & Term loan needs of clients engaged in Retail, Wholesale Trading activities (excepting Exports) and Services Sector who are willing to furnish mortgage of property and or other acceptable security of adequate value. |
- Activities covered
- Trading Activity other than export, Retail & Wholesale trade and service sector
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Individual, Proprietorship, Partnership, Limited Company (public/private), HUF, Borrowing concern should deal exclusively with our Bank only. |
Rs 1 lacs to Rs 500 lacs based on eligibility |
Fund Based and Non-Fund based subject to extant guidelines |
- Primary: Hypothecation of stocks, book debts & Fixed Assets for existing units making profit at least for last two years.
- Collateral : Tangible collateral securities in the form of land (Non Agricultural) and building, Property to be mortgaged may be only in the name of Borrower, Proprietor, Partner, Director or any third party who should stand a guarantor.
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- Upto 1 Cr: UCO Float Rate+1.55% ( UCO Float Rate as applicable from time to time)
- Above Rs 1 Cr: based on Rating
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UCO UDYOG BANDHU
Credit limit is to be extended to enterprises engaged in the manufacture, production, processing or preservation of goods and service related economic activities. |
Term Loan / Cash Credit / Composite Loan / Bank Guarantee Limit (need based). |
Technically qualified, promising and well trained/experienced person/ persons having entrepreneurial ability including green horn entrepreneurs, running manufacturing and service enterprise under Micro & Small Enterprise as per the definition of MSMED Act 2006. |
Rs 1 lacs to Rs 7.50 Crore based on eligibility |
Upto Rs.10.00 Lakh |
UCO Float Rate+ 0.55% ( UCO Float Rate as applicable from time to time) |
Above Rs. 10 Lakh and upto Rs. 1 crore |
UCO Float Rate+ 1.55% (UCO Float Rate as applicable from time to time) |
Above Rs. 1.00 crore |
As per internal rating applicable for MSME loan accounts. |
For women entrepreneurs, the applicable interest rate will be 0.50% less than effective rate of interest. |
Hypo of primary security. No collateral/Third party guarantee upto Rs 2.00 Crore but CGTMSE Mandatory. Above 2.00 Crore: Collateral to the extent of 50% of the limit.
Hybrid security product of CGTMSE will be offered for limit upto Rs. 2.00 Crore. |
UCO BUNKAR RINN YOJANA
1. |
Objective |
Aims at providing adequate and timely assistance from the Bank to the weavers to meet their credit The Scheme will be implemented both in rural and urban areas. |
2. |
Eligibility |
Existing Handloom Weavers, weaver card issued by the O/o DC (Handlooms) Certificate or Identity cards issued by the State Government. |
3. |
Purpose |
To provide financial assistance as working capital/ Term Loan to meet the requirement of the weaver. |
4. |
Nature of Limit |
Composite Loan covering Working Capital & Term Loan |
5. |
Quantum of limit |
The total credit facility extended to individual borrower comprising of CC limit & Term Loan not exceed Rs. 5.00 lakh. Note: The minimum sanctioned loan limit for financing silk handloom weavers shall be Rs. 1.00 lakh. |
6.
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Margin
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20% of calculated credit limit/ project cost. Govt assistance @20% of the cost of max Rs 10,000/- if available |
7. |
Interest Rate |
Varies from UCO Float Rate + 0.40% to 1.90% ( based on the limit) |
UCO Roop Sangam
To encourage and empower women entrepreneurs |
Term Loan & Cash Credit |
- Any woman individually or any unit set up by a group of women, Partnership Firm in partnership with other women/ men where the major share in the partnership is of women partner(s)/Private Limited Company with major share of Capital being held by Women.
- Age Minimum 20 years, Maximum 60 Years.
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The prospective borrowers should preferably have working skill / experience in the intended line of business. |
Max: Rs 10.00 Lacs. Out of which WC not to exceed Rs.3.00 lac |
- Term Loan: Need Based.
- Working Capital: 20% of the projected realistic annual turnover.
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Up to Limit Rs 50000: Nil
Limit above Rs 50000 and up to Rs 10.00 lacs: 15%
(If the application is sponsored from any Govt. Agency, Subsidy if available will be treated as Margin) |
UCO Float Rate+ 0.55% ( UCO Float Rate as applicable from time to time) |
Artisans Credit Card
Objective: |
To provide for adequate and timely investment as well as working capital credit needs of Artisans |
Eligibility: |
- Artisans involved in production/manufacturing process. Preference is being given to Artisans registered with Development Commissioner, Handicrafts/artisans registered with Development Commissioner(Handicraft)
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Limit : |
Maximum Rs 2 lacs |
Type of loan: |
Cash Credit/Term Loan |
Interest Rate: |
UCO Float Rate+ 1.55% ( UCO Float Rate as applicable from time to time) |
Margin: |
Credit limit upto Rs. 50,000/- : Nil
Credit Limit over Rs. 50,000/- : 15% |
Prime Minister's Employment Generation Programme (PMEGP)
To generate employment opportunities in rural as well as urban areas of
the country for setting up of new self-employment ventures/projects/micro
enterprises |
- The maximum cost of the project admissible under manufacturing sector is Rs.25 lakhs and business/services sector is RS.10 lakhs in Urban and Rural area
- Only one person from family is eligible for obtaining financial assistance under the scheme. Assistance for new project only and activity should not be in negative list.
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Any individual, above 18 years of age, no income ceiling, at least VIII standard pass educational qualification,
iii) For setting up of project costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector, the beneficiaries should possess at least VIII standard pass educational qualification. |
The beneficiaries will be identified & selected at the district level by a Task Force consisting of representatives from KVIC / State KVIB / State DICs and Banks and headed by the District Magistrate / Deputy Commissioner / Collector concerned. |
Max Rs.10 lac for business /service sector
and Max Rs.25 lac for manufacturing sector |
UCO Float Rate+ 1.55% ( UCO Float Rate as applicable from time to time) |
i) General a) Urban 15%,b) Rural 25%
ii) Special categories like SC/ST/OBC/ Women/P.H./NER etc.
a) Urban 25% b) Rural 35% |
UCO Doctor Scheme (Revised)
Term Loan / Cash Credit |
- Individuals, Proprietorship/Partnership firms, Pvt. Ltd. Cos. engaged in providing medical/pathological/ diagnostic services to the society. Veterinary Doctors/ practitioners are not eligible
- The doctor/s practicing for a minimum period of three years.
- In case of medical unit, the same must be in existence for a minimum period of three years and earning profit.
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- To finance for purchase of various Medical equipment Finance can also be allowed for purchase, construction, addition, alteration, renovation, furnishing of Clinics/Nursing Home/Medical Centers.
- Financing towards Working Capital to meet day to day requirement.
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- Minimum Rs. 1.00 lakh and Maximum Rs 300.00 lacs(Based on eligibility) amount.
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Term Loan and Working capital. Maximum loan: 300 lacs : |
Hypothecation of primary stock etc. |
Loans upto Rs. 2.00 crore : No Collateral & Third Party Guarantee.
- To be compulsory covered under Credit Guarantee Scheme of CGTMSE.
- CGTMSE fees to be borne by the borrower.
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a) Total Funded Based Exposure upto Rs. 25 Lacs: UCO Float Rate+ 1.55% ( UCO Float Rate as applicable from time to time)
b) Total Funded Based Exposure more than Rs. 25 Lacs and upto Rs. 1 Crore: UCO Float Rate+ 2.55% ( UCO Float Rate as applicable from time to time)
c) Total Funded Exposure more than Rs. 1 Crore: Based on Internal Rating |
Asset Restructuring Module for MSMEs (ARM-MSME)
