Small & Medium Enterprise

UGB provide loan to shopkeeper for opening of office, showroom, training centre and service centre, workshop.

Small enterprise

A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore.

Medium Enterprise

A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs. 5 crore but not more than 10 crore.

Purpose

• For purchasing of new & old shop, office, showroom.
• For maintenance & reconstruction of shop.
• For purchasing of material and electrical material for shop and office.
• For small business unit, small business enterprises, professional, self employed person whose last two years transaction is satisfactory.

Quantum of amount

• Maximum amount 1000000/-
• 75% of market value, in case of purchasing new property.
• 60% of market value, in case of purchasing old property which is more than 15 years old.
• Minimum DSCR should be not more than 1.75.
• For small businessman, small business enterprises, transport operators According to borrower�s needs. 50% of net annual income ,in case of self employed.

Margin

• 25% of market value, in case of purchasing new property.
• 40% of market value, in case of purchasing old property.

Rate of Interest

Gestation

• Period 2 month

Repayment

• Min.36 month and Max.84 month.

For more details please contact to nearest Branch's Branch Manager