Union Yuva Shakti Business Loan for Young Entrepreneurs Union Yuva Shakti
Union Bank of India loans of ₹10 lakh to ₹10 crore for manufacturing and service MSMEs run by young entrepreneurs aged 18 to 35.
Last updated on
- Status
- Open
- Run by
- Union Bank of India
What you get
- ₹10 lakh to ₹10 crore
- For premises, machinery, vehicles and working capital, including guarantees and letters of credit
- Loans up to ₹5 crore can be covered under CGTMSE
- Above ₹5 crore, collateral of 50% of the amount not covered is needed
- Working capital limit sanctioned for 1 year and renewed yearly
Who can apply
- Open to businesses in manufacturing and services.
- Micro, small and medium enterprises.
- Only for young entrepreneurs.
- Age 18 to 35.
- The most on offer is ₹10 crore.
- Udyam registration is needed. It is free.
- Individual or proprietor aged 18 to 35 on the date of sanction
- Trusts, HUFs and societies are not eligible
- Udyam Registration Certificate or Udyam Assist Certificate
How to apply
- Use Apply Now on the page to leave your details, 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
Documents to keep ready
- Udyam Registration Certificate or Udyam Assist Certificate
Where we found this
- Union Yuva Shakti (external site) Official
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 Seen something out of date?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.