All Micro enterprises engaged in manufacturing, trading and service sector including professionals (like CA/ICWA/CS/Architect/Medical professionals etc).
Composite Loan. Term Loan and / or Working capital (Fund Based and Non-Fund Based)
Maximum limits upto Rs.10.00 lacs can be sanctioned to meet need based requirement.
Union Bank of India Mudra Loan are categorized as under depending on exposure.
Union Bank of India Mudra Loan-Shishu : Loan amount upto Rs.50,000/-
Union Bank of India Mudra Loan-Kishore : Loan amount exceeding Rs.50,000/- and upto Rs.5.00 lacs
Union Bank of India Mudra Loan-Tarun : Loan amount exceeding Rs.5.00 lacs and upto Rs.10.00 lacs