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Banking & Credit :: UNION BANK

16. State Sponsored Organisations for Scheduled Castes / Scheduled Tribes

Advances sanctioned to State Sponsored Organisations for Scheduled Castes/Scheduled Tribes for the specific purpose of purchase and supply of inputs to and/or the marketing of the outputs of the beneficiaries of these organisations.

Small Business

Small business would include individuals and firms managing a business enterprise established mainly for the purpose of providing any service other than professional services.

The limit for lending under the scheme is Rs.20.00 lacs for the original price of the equipment without any ceiling for working capital.

Advances for acquisition, construction, renovation of houseboats and other tourist accommodation, distribution of mineral oils advances to judicial stamp vendors and lottery ticket agents also come under this category.

 
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