Union Nari Shakti Scheme Union Nari Shakti
Union Bank of India's loan for MSMEs owned and managed by women, and for women's self help groups, from ₹2 lakh upwards based on need.
Last updated on
- Cost to apply
- No processing charge up to ₹2 crore
- Status
- Open
- Run by
- Union Bank of India
What you get
- Loans from ₹2 lakh with no fixed top limit, based on the business's need
- Women's self help groups can borrow up to ₹20 lakh
- No processing charge up to ₹2 crore
- Loans up to ₹5 crore can be covered under CGTMSE with no collateral. Other cases need 25% collateral
- Margin of 5% on smaller loans and 15% on larger loans
Who can apply
- Open to businesses in manufacturing, services and trading.
- Micro, small and medium enterprises.
- Only for women.
- Udyam registration is needed. It is free.
- Owned and managed by women
- In a partnership or company, women must hold at least 51% of the share capital
- Women's self help groups with a Udyam Registration Certificate can also apply
How to apply
- Fill in the Apply Now form at https://www.unionbankofindia.bank.in/product/leads/narishakti with your name, mobile, email and pincode
- The bank contacts you, 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 the online Apply Now form
Figures you may see elsewhere
The scheme page puts the 5% margin on loans up to ₹10 lakh, while the apply page puts it on loans up to ₹100 lakh
A Union Bank campaign page gave a range of ₹2 lakh to ₹10 crore. The bank's scheme pages say there is no top limit
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 Seen something out of date?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.