Union MSME Superfast GST Based Business Loan Union MSME Superfast
A working capital loan from Union Bank of India for GST-registered MSMEs in manufacturing, trading and services, based on their GST returns.
Last updated on
- Status
- Open
- Run by
- Union Bank of India
What you get
- Working capital based on GST returns
- Collateral-free option where CGTMSE cover is available
- Newly set up units can apply with 3 monthly or 1 quarterly GST return
- Online application through a digital journey
Who can apply
- Open to businesses in manufacturing, services and trading.
- Micro, small and medium enterprises.
- Udyam registration is needed. It is free.
- GST registration, provisional or final
- GST returns filed for the last 12 months, or at least 3 months or 1 quarter for new units
- At least 80% of turnover in current or cash credit accounts must match sales in the GST returns
- Must bank only with Union Bank for these facilities
- Internal credit rating of CR-1 to CR-4
How to apply
- Use the Apply Now link on the page, which goes to Union Bank's MSME portal at https://msme.unionbankofindia.bank.in/#/gst-gain
- Or fill in the lead form and the bank will call, toll-free 1800 2333
In person, nearest Union Bank of India branch
In Kerala, online through Union Bank's MSME portal, or any Union Bank of India branch in Kerala
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.