Particulars

Details

Purpose

For sustainable livelihood activities of SHG members.

Eligibility Criteria

• Existing to Bank (ETB) as per bank internal criteria, including being in active Self Help Group for a minimum of six months, practising the panchasutras.
• CIBIL Score of signatories should be >= 650.
• No SMA-2/NPA in any trade line in the past 12 months will be eligible.
• KYC compliant accounts.

Nature of facility

Cash Credit Loan

Minimum & Maximum Loan Amount

Minimum: Rs.1,50,000/-(One Lakh Fifty Thousand only)
Maximum: Rs.10,00,000/-(Ten Lakh only)

Credit Score Requirement

Minimum 650 CIBIL score required.
(There should not be any SMA2/NPA / Restructured / Write-off account in CIBIL)

Margin

Not Required

Repayment Tenor

Sanction limit for 1 Year and limit to be renewed every year.

Security

No collateral security is required.

Rate of Interest

Up to 3 Lakh – 7 %
Above 3.0 Lac and up to Rs.5.0 Lac- 1 Year MCLR or 10 % P.A whichever is lower i.e 8.75,
Above Rs.5.00 Lac up to Rs.10.00 Lac. - 1 Year MCLR+2.40% (8.75+2.40) 11.15%

Documentation

Manual documentation

Minimum and Maximum Number of SHG Member

Minimum 10 and maximum 20 female members are allowed for formation of SHG group.
(In some difficult/tribal areas, it can be 5 member)

Point of Contact

For any query please contact Base Branch
• Customer Care: 18008910
• Email:- hosp.cscell@uco.bank.in

Quick Links

RBI Sachet Portal – https://sachet.rbi.org.in

Nodal Grievance Redressal Officer for FinTech/ Digital lending

Chief Manager, OSD & Transaction Monitoring Vertical,
1st Floor, 2 India Exchange Place, Kolkata 700001,
Ph.:033 44557120.

Website link of Nodal grievance redressal officer

https://ucobank.com/nodal-grievance-redressal-officer-for-fintech/-digital-lending

Link for online complaint lodgement

https://spgrs.ucoonline.in