Nari Shakti STP
Union Bank of India's online, collateral-free loan of ₹2 lakh to ₹10 lakh for women who own micro enterprises.
Last updated on
- Status
- Open
- Run by
- Union Bank of India
What you get
- ₹2 lakh to ₹10 lakh
- No collateral
- For working capital, expansion, machinery and equipment
- Term loans up to ₹5 lakh repaid over 5 years, larger term loans over 7 years
- Working capital as a running account
- Online application with approval in a few working days once documents are checked
Who can apply
- Micro enterprises.
- Only for women.
- Age 21 to 65.
- The most on offer is ₹10 lakh.
- Udyam registration is needed. It is free.
- Woman individual or sole proprietorship owned by a woman
- Classed as a micro enterprise
- A bank account with any scheduled commercial bank that is at least 6 months old
How to apply
- Apply online through the Apply Now link, which goes to https://msme.unionbankofindia.bank.in/#/nari-shakti-main, or through the VYOM app
- Keep your Udyam Registration Number ready
In person, nearest Union Bank of India branch
In Kerala, online through Union Bank's MSME portal or the VYOM app, 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 Seen something out of date?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.