UCO Bank- MSME Loan | MSME Business Loan

MSME Products

Get easy MSME Loans if you own MSMEs, individuals, startups, and other business entities We offer various MSME business loans under PMEGP, UCO UDYOG BANDHU, Pradhan Mantri MUDRA Yojana and more. UCO bank’s MSME Business Loan helps you get accessible working capital that you can use for various purposes such as purchasing new inventory, paying your staff their salary, or even buying new equipment to aid yourself in expanding your business

Information regarding Status of MSME Applications Quarter ended Jun-22

Information regarding Status of MSME Applications Quarter ended Jun-22

Timelines for Credit Decisions of MSME Loans

Bank is pursuing BCSBI guidelines regarding timelines for credit decisions. The timelines prescribed by BCSBI are as follows:

All applications for a credit limit or enhancement in existing credit limit up to Rs.5 Lacs within two weeks;
For credit limit above Rs.5 Lacs and up to Rs.25 Lacs within 3 weeks; and
For credit limit above Rs.25 Lacs within 6 weeks from the date of receipt, provided the application is complete in all respects and is accompanied by all documents as per check list.

UCO Vyapar Samridhi

For both New and Existing business unit under MSE – Small Business including Retail Trade
Provision of guarantee coverage by CGTMSE as per CGTMSE guidelines
FB+NFB Credit facility : Rs. 1.00 Lakh and up to Rs. 100.00 Lakh per MSE borrower
Need based Ad-Hoc facilities is also sanctioned.
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
No collateral security is insisted
The loan exposure may be covered under “Hybrid Security” product of CGTMSE
Where the borrower offers 100% collateral security to cover the loan amount then CGTMSE coverage may be waived off
Processing Charges: Up to Rs. 5 Lakh- NIL

Scheme for financing Two Wheeler under Mudra

Sl.No.	Particulars	Guidelines
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
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.
14.	Application	Applicable based on quantum of loan, categorized as under : Shishu – Upto Rs.50000/- Kishore – Rs.50001/- to Rs.1 lac
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.

E-Rickshaw under Mudra Scheme

Sl.No.	Particulars	Guidelines
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. No Minimum amount.
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.
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)

Sl.No.	Particulars	Guidelines
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
3.	Quantum of Finance	No Minimum amount. Maximum Amount - Rs.10.00 lacs
4.	Rate of Interest	UCO Float Rate+ 0.55% ( UCO Float Rate as applicable from time to time)

Standup INDIA

STANDUP INDIA

Sl.No.	Features	Description
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
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

Title of the Product	SCC (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.
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.
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.
Security/Margin/Prudential Norms	As per Banks norms.

Laghu Udyami Credit Card

Title of the Product	Laghu Udyami Credit Card (LUCC)
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

Purpose	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	Activities covered Trading Activity other than export, Retail & Wholesale trade and service sector
Borrower	Individual, Proprietorship, Partnership, Limited Company (public/private), HUF, Borrowing concern should deal exclusively with our Bank only.
Quantum of loan	Rs 1 lacs to Rs 500 lacs based on eligibility
Credit Facilities	Fund Based and Non-Fund based subject to extant guidelines
Security	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.
Rate of interest	Upto 1 Cr: UCO Float Rate+1.55% ( UCO Float Rate as applicable from time to time) Above Rs 1 Cr: based on Rating

UCO Udyog Bandhu

UCO UDYOG BANDHU

Title of the Product

UCO UDYOG BANDHU

Activities Eligible For Finance

Credit limit is to be extended to enterprises engaged in the manufacture, production, processing or preservation of goods and service related economic activities.

Type of facilities

Term Loan / Cash Credit / Composite Loan / Bank Guarantee Limit (need based).

Eligibility criteria for borrower

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.

Quantum of Finance

Rs 1 lacs to Rs 7.50 Crore based on eligibility

Interest

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.

Security

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

UCO BUNKAR RINN YOJANA

SSl. No.	Particulars	Guidelines
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.	Margin	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

Title of the Product	UCO Roop Sangam
Objective :	To encourage and empower women entrepreneurs
Type of facilities	Term Loan & Cash Credit
Eligibility criteria for borrower	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.
Experience	The prospective borrowers should preferably have working skill / experience in the intended line of business.
Quantum of Finance	Max: Rs 10.00 Lacs. Out of which WC not to exceed Rs.3.00 lac
Assessment of Loan	Term Loan: Need Based. Working Capital: 20% of the projected realistic annual turnover.
Margin	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)
Rate of Interest	UCO Float Rate+ 0.55% ( UCO Float Rate as applicable from time to time)

Artisans Credit Card

Title of the product	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)
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)

Title of the Product	PMEGP - Prime Minister's Employment Generation Programme (PMEGP)
Objective:	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
Scope :	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.
Eligible Entrepreneurs / Borrowers:	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.
Selection of beneficiaries:	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.
Loan Amount	Max Rs.10 lac for business /service sector and Max Rs.25 lac for manufacturing sector
Rate of Interest	UCO Float Rate+ 1.55% ( UCO Float Rate as applicable from time to time)
Subsidy	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)

Type of facility	Term Loan / Cash Credit
Eligibility(Indicative)	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.
Purpose:	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.
Quantum of Loan	Minimum Rs. 1.00 lakh and Maximum Rs 300.00 lacs(Based on eligibility) amount.
Permissible Finance	Term Loan and Working capital. Maximum loan: 300 lacs :
Primary Security	Hypothecation of primary stock etc.
Collateral Security	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.
Rate of Interest	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