Union Bank announces record disbursement of over Rs 1000 cr loans to Woman Entrepreneurs


Hyderabad, Sep 29 (UNI) With commitment to Women Empowerment, Union Bank of India on Thursday claimed that it has disbursed more than Rs 1000 crore of loans to Women Entrepreneurs under its flagship scheme Union Nari Shakti.
The scheme envisages sanction of need based credit facilities to Women Entrepreneurs in the range of Rs 2 lakh to Rs 10 Crore with liberalized terms, the Bank said in a release here.
As part of its vision to assist a larger number of Women Entrepreneurs, the Bank conducted a month-long campaign under Union Nari Shakti scheme and during the campaign , the bank disbursed record amounts of more than Rs 1,000 crore of loans to 10,000 plus Women Entrepreneurs across the country.
Speaking on the occasion, C M Minocha, Chief General Manager(MSME), Union Bank of India, said that it is a very special moment for the Bank to achieve the milestone figure of aiding Women Entrepreneurs.
He said that Union Bank of India will continue its journey to support Women Entrepreneurs as part of its vision to become the Bank of first choice for all MSMEs.