Pics: Abhijith N Kolpe
Daijiworld Media Network – Mangaluru
Mangaluru, Jul 18: Union Bank of India organized the 'Feet on Street' campaign at APMC Baikampady on Tuesday, July 18.
The brainchild of General Manager Renu Nair, the 'Feet on Street' initiative aims to raise awareness about the bank's offerings and services. During the campaign, Union Bank of India showcased the "Ab Naari Ki Baari" scheme, which provides loan sanctioning for women entrepreneuRs Several women entrepreneuRs were also presented with sanction letteRs during the event.
Additionally, Union Bank of India announced its provision of educational loans for students up to Rs 40 lacs and unsecured loans for meritorious students. The bank also offeRs home loans for plot purchases.
The 'Feet on Street' campaign entails reaching out to shops and businesses to communicate the banking facilities available to them.
Krishna Murthy, branch manager, M S Qureshi, deputy regional head, and Mahesha J, regional head of Union Bank of India's Mangaluru Regional Office, along with others , were present during the event.
Union Bank of India offers a range of schemes to empower women and MSMEs, including Union Nari Shakti, Union MSME Suvidha, Union Mudra, and Union Women Professional Personal Scheme, among others The bank also provides women savings schemes such as Union Samriddhi and Union Unnati, tailored to meet the specific needs of women customers.
Following are the offers:
UNION NARI SHAKTI:
? All women owned and managed MSMEs engaged in manufacture or production, processing or preservation of goods or enterprises engaged in providing or rendering of services or engaged in trading activity.
> Loan Quantum: Up to Rs 10.00 Crore
Rate of Interest: Flat 1% concession on Applicable Rate of Interest
UNION MSME SUVIDHA
? All units engaged in the Manufacturing/ Services/ Trading activity, eligible to be classified under MSME.
> Loan Quantum: Up to Rs 50.00 Crore
>Rate of Interest: Based on Collateral Coverage: Average Rol is 9.95%
UNION MUDRA
? All Micro enterprises engaged in manufacturing, trading and service sector including professionals (like CA/ICWA/CS/Architect/Medical professionals etc) will be eligible under the scheme.
Loan Quantum: Up to Rs 10.00 Lac
No Collateral
Rate of Interest is EBLR +2.00% (Approx)
Union Women Professional PeRs onal Scheme Practicing Chartered Accountants, Architects, EngineeRs , ValueRs , Management/ Financial Consultants, Company Secretaries, Cost Accountants, etc.
>Loan Quantum: Up to Rs 50.00 Lac
? Rate of Interest: EBLR+3.00% i.e., 12.30%
Women Savings Scheme Accounts
UNION SAMRIDDHI
> Quarterly Average Balance Rs 15,000/- only
Rupay Platinum Debit Card
ATM access at own ATM-Unlimited free per month
> Cash Withdrawal limit; Rs 75,000/-
ATM POS: Rs 1.50 Lac
Free Cancer Care Insurance coverage: Rs 5.00 Lac
Personal Accidental Coverage: Rs 5.00 Lac
>NEFT/RTGS/Monthly statement FREE
UNION UNNATI- Current Account for Women
Average Balance: Rs 50,000/-
Debit Card Charge: Free
Personal Accidental Coverage: Rs 10.00 Lac
Free Cancer Care Insurance coverage: Rs 10.00 Lac
Free Air accident Insurance with debit Card: Rs 50.00 Lac
> 50% concession in Locker rent
Cash deposit charges up to Rs 50000/-(Per day) and above daily deposit limit with max capping of Rs 1.50 Lac (per month): NIL
The 'Feet on Street' campaign serves as an excellent opportunity for Union Bank of India to connect with the local community and enhance awareness about their wide range of financial solutions.