Union Bank of India — MUDRA | MSME | PMEGP | Business Loan

Union Bank Project Report — Ready in 60 Seconds

AI-generated project report in Union Bank of India's accepted format. Covers Union MUDRA (Shishu/Kishor/Tarun), Union MSME, PMEGP, and CGTMSE-backed business loans. With CMA data, DSCR, and repayment schedule.

यूनियन बैंक ऑफ इंडिया — प्रोजेक्ट रिपोर्ट 60 सेकंड में तैयार

No credit card • 1 free report • Ready in 60 seconds

About This Scheme

Union Bank of India is India's fifth-largest public sector bank (post merger with Andhra Bank and Corporation Bank in 2020), now operating with 8,500+ branches. Union Bank is one of the most active PMEGP and CGTMSE lenders and offers dedicated MSME products: Union MSME (term loan up to ₹25Cr), Union MUDRA, Union Mahila Udyog Nidhi (women entrepreneur loans), Union Artisan Credit, and Union SME E-Loan. Union Bank follows IBA CMA format and RBI MPBF norms for all working capital assessments.

Up to ₹10L
MUDRA Limit
Up to ₹25Cr
MSME Loan
8,500+
Branches
Top 5 Bank
PMEGP Disbursal

What Your Report Includes

Every report is formatted to the exact standards required by Indian banks and government departments.

  • Executive Summary with scheme-specific highlights
  • Promoter profile & KYC details
  • Business description & market analysis
  • Machinery & equipment list with quotations
  • Raw material & manpower planning
  • 5-year financial projections (P&L, Balance Sheet, Cash Flow)
  • CMA Data in IBA-approved format
  • Working Capital Assessment — Tandon Method II (RBI norms)
  • Loan repayment schedule with DSCR ≥ 1.25
  • SWOT analysis
  • Declarations & undertakings as per scheme guidelines

Eligibility Checklist

  • Any Indian citizen or registered business entity (proprietorship, partnership, company, LLP, SHG)
  • For Union MUDRA: non-farm micro enterprise; new or existing; all sectors eligible
  • For Union MSME: Udyam-registered micro, small, or medium enterprise
  • For PMEGP through Union Bank: age 18–55; 8th pass; new manufacturing or service unit
  • For Union Mahila Udyog Nidhi: women entrepreneurs with majority ownership
  • CIBIL score above 650 preferred; no existing defaults with scheduled banks
  • GST registration for loans above ₹40L (optional for smaller MUDRA loans)
Export formats
PDF (A4)
Free: branded/watermarked
Word (.docx)
Paid plans
Excel (.xlsx)
Paid plans

Generate Your Report in 4 Steps

1

Register Free

Create your account in 30 seconds — no credit card needed.

2

Fill the Form

Enter applicant details, select the scheme, set your loan amount.

3

AI Generates Report

Our AI drafts the full report with financials, projections, and CMA data in under 60 seconds.

4

Download & Submit

Export PDF on the free plan (branded). Upgrade for clean exports plus Word (.docx) + Excel (.xlsx). Submit to bank or DIC office.

Why Use Cred for This Report?

Union Bank's appraisal checklist requirements addressed — CMA data, DSCR, working capital

CMA data in IBA-approved format accepted by Union Bank circle offices

DSCR ≥ 1.25 (≥ 1.50 for manufacturing) across all 5 projection years

Union MUDRA format: simplified for Kishor, full CMA for Tarun

MPBF calculation per Tandon Method II — Union Bank's working capital standard

Andhra Pradesh and Telangana state scheme integration (Union Bank lead bank in AP clusters)

Export as Word — directly usable with Union Bank branch templates

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Frequently Asked Questions

What MSME loans does Union Bank of India offer?

Union Bank's MSME portfolio: (1) Union MSME — term loan and CC limit up to ₹25Cr; (2) Union MUDRA — Shishu/Kishor/Tarun up to ₹10L; (3) Union Mahila Udyog Nidhi — women entrepreneur loans with lower interest; (4) Union Artisan Credit Card — traditional artisans; (5) Union SME E-Loan — online processing for GST-registered MSMEs up to ₹1Cr; (6) PMEGP — Union Bank is a top 5 lender under PMEGP by disbursal volume.

How does Union Bank process MUDRA loan applications?

MUDRA Shishu (up to ₹50K): 7–14 days via digital or branch submission. Kishor (₹50K–₹5L): 14–21 days with basic documentation. Tarun (₹5L–₹10L): 21–30 days with mandatory project report and CMA data. Union Bank has MSME Loan Centers (MLCs) in major cities for dedicated processing. PMEGP through Union Bank: 30–45 days for complete applications.

What is Union Bank's interest rate for MSME loans?

Union MUDRA loans: MCLR + spread (approximately 9.5–11.5% p.a.). Union MSME term loan: MCLR + 0.25% to 2.50% based on risk rating (approximately 10–13% p.a.). PMEGP: 11–12% p.a. Union Bank waives processing charges for MUDRA Shishu loans.

Does Union Bank require collateral for MSME loans?

MUDRA loans up to ₹10L: no collateral as per RBI guidelines. MSME loans up to ₹2Cr: CGTMSE guarantee covers collateral requirement. Above ₹2Cr: primary security (assets financed) plus collateral depending on borrower risk profile. Union Bank participates in CGTMSE guarantee scheme for collateral-free lending up to ₹2Cr.

Is Union Bank good for Andhra Pradesh and Telangana MSMEs?

Yes — Union Bank (which absorbed Andhra Bank) has a strong legacy in AP and Telangana. It is a preferred lender under AP's YSRCP MSME schemes and Telangana's T-PRIDE scheme. Union Bank has dedicated branches in major MSME clusters: Tirupati, Vijayawada, Hyderabad, Warangal, and Karimnagar. AP and Telangana state scheme linkages are processed efficiently through Union Bank branches.

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