UCO Bank was founded in 1943, it is a commercial bank and a Government of India Undertaking. The board of directors of UCO Bank consists of government representatives from Government of India and Reserve Bank of India.
UCO Mahila Pragati Dhara was specifically designed to empower and encourage women entrepreneurs. This scheme offers hassle free financial assistance for undertaking production, manufacturing or service activities under Micro and Small Enterprise Sector.
UCO Bank offers Term loan and cash credit to the women entrepreneurs to financially assist them.
The UCO Mahila Pragati Dhara is offered to women entrepreneurs to:
The features and benefits of UCO Mahila Pragati Dhara are as follows:
The category that the banks lends funds to are:
|Particulars||Micro enterprises||Small enterprises|
|Investment in Plant and Machinery of manufacturing units||Up to Rs.25 lakh||Above Rs.25 lakh and up to Rs.5 crore|
|Investment in equipment of service sector units||Up to Rs.10 lakh||Above Rs.10 lakh and up to Rs.2 crore|
The minimum loan amount offered is Rs.2 lakh and the maximum loan amount offered under UCO Mahila Pragati Dhara is Rs.25 lakh.
For loans up to Rs.25 lakh, the interest is 10.70% per annum.
The following documents have to be submitted along with your duly filled UCO Mahila Pragati Dhara loan application form:
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