Union Bank of India sanctions 14000+ under Emergency credit line on Day 1

In line with Government initiatives, Union Bank of India has launched Union Guaranteed Emergency Credit Line (UGECL) to enable Mudra beneficiaries/ MSME / business units to tide over their liquidity crisis subject to eligibility. This scheme endeavours to serve the lower strata of the society thereby reducing their difficulties. We are glad to announce that on the first day itself i.e. 1st June 2020, more than 14000 accounts have been sanctioned. Though the Bank’s focus is mainly on Tier-II / Tier-III cities for UGECL, Branches pan India are actively participating in approaching the eligible customers and prompt sanction of limits.
Union Bank of India will handhold all eligible MSME / business units in this demanding time and provide the necessary support.
Thank you for sharing this information about emergency credit line guarantee scheme. It's very helpful.
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