Union MUDRA Scheme Union Mudra
Union Bank of India's Mudra loans for micro enterprises in manufacturing, trading and services, with no collateral. The Mudra scheme itself has its own record in this guide.
Last updated on
- Status
- Open
- Run by
- Union Bank of India
What you get
- Shishu, Kishore and Tarun loans, up to ₹10 lakh as shown on Union Bank's page
- Composite loan, term loan or working capital
- No collateral
Who can apply
- Open to businesses in manufacturing, services and trading.
- Micro enterprises.
- The most on offer is ₹10 lakh.
- Micro enterprises in manufacturing, trading or services
- Professionals such as chartered accountants, company secretaries, architects and medical professionals are also eligible
How to apply
- Apply Now on the page goes to https://msmeloan.unionbankofindia.bank.in, or call the toll-free number 1800 2333
In person, nearest Union Bank of India branch
In Kerala, any Union Bank of India branch in Kerala, or Union Bank's MSME loan portal
Figures you may see elsewhere
Union Bank's page still shows a top limit of ₹10 lakh. The Government raised the Mudra limit to ₹20 lakh with a Tarun Plus category from 24 October 2024, for borrowers who have repaid an earlier Tarun loan
Where we found this
- Union MUDRA Scheme (external site) Official
- PIB Research Unit, Mudra loan limit raised to ₹20 lakh, 29 October 2024 (external site) Official announcement
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 Seen something out of date?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.