Union Bank of India Union Nari Shakti Loan Scheme – Government Scheme Details

📖 Scheme Overview & Key Details

Union Nari Shakti scheme offers tailored credit products to women entrepreneurs operating in manufacturing, service, agriculture-allied, and retail sectors. Union Bank of India provides business loans up to ₹1 Crore with an interest rate discount of 0.25% p.a., flexible repayment terms up to 7 years, and collateral waivers up to ₹10 Lakh under CGTMSE. The scheme empowers women business leaders to expand operations and purchase modern equipment.

✅ Who Can Apply – Eligibility Criteria

•Women entrepreneurs holding at least 51% financial equity in the business enterprise

•Business operating actively in manufacturing, services, retail, or allied sector

📄 Required Documents – What You Need

✓Aadhaar Card and PAN Card of woman business owner

✓Udyam MSME Registration and GST Registration Certificate

✓Bank Statement for last 12 months and Income Tax Returns (ITR)

📋 How to Apply – Step‑by‑Step Process

Step 1: Apply online via Union Bank's digital SME portal or visit any Union Bank branch.

Step 2: Fill in application details and upload business financial statements.

Step 3: Complete document verification to receive formal loan sanction within 7 working days.

📞 Help & Support – Official Contacts

Apply Online – Official Portal ↗

Helpline / Support Office

1800222244 / customercare@unionbankofindia.bank