• About Us
  • Contact us
  • Privacy Policy
Advertisement
  • Home
  • News
    CUTS International and Israel’s SIGNAL Group forge strategic partnership

    CUTS International and Israel’s SIGNAL Group forge strategic partnership

    Conference on strengthening statistical systems tomorrow

    Conference on strengthening statistical systems tomorrow

    I&B Ministry launches vigilance compendium ‘Satark’

    I&B Ministry launches vigilance compendium ‘Satark’

    RECPDCL transfers two transmission SPVs to PGCIL

    RECPDCL transfers two transmission SPVs to PGCIL

    Startups in the North Eastern region: Fueling growth with govt support

    Startups in the North Eastern region: Fueling growth with govt support

    IIS Officer Samrat Bandopadhyay wins “Megastar” title at NPTEL IIT Madras

    IIS Officer Samrat Bandopadhyay wins “Megastar” title at NPTEL IIT Madras

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Governance
  • India
  • Digital
  • Industry
  • Infrastructure
  • Economy
  • PSE
  • Health
  • E Magazine
No Result
View All Result
  • Home
  • News
    CUTS International and Israel’s SIGNAL Group forge strategic partnership

    CUTS International and Israel’s SIGNAL Group forge strategic partnership

    Conference on strengthening statistical systems tomorrow

    Conference on strengthening statistical systems tomorrow

    I&B Ministry launches vigilance compendium ‘Satark’

    I&B Ministry launches vigilance compendium ‘Satark’

    RECPDCL transfers two transmission SPVs to PGCIL

    RECPDCL transfers two transmission SPVs to PGCIL

    Startups in the North Eastern region: Fueling growth with govt support

    Startups in the North Eastern region: Fueling growth with govt support

    IIS Officer Samrat Bandopadhyay wins “Megastar” title at NPTEL IIT Madras

    IIS Officer Samrat Bandopadhyay wins “Megastar” title at NPTEL IIT Madras

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Governance
  • India
  • Digital
  • Industry
  • Infrastructure
  • Economy
  • PSE
  • Health
  • E Magazine
No Result
View All Result
No Result
View All Result
Home Infrastructure

Ujjivan Small Finance Bank launches OD facility for MSMEs

admin by admin
August 22, 2018
in Infrastructure
Ujjivan Small Finance Bank launches OD facility for MSMEs
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

New Delhi: Ujjivan Small Finance Bank, a wholly owned subsidiary of Ujjivan Financial Services Limited, has launched Overdraft (OD) facility for Micro and Small Enterprises (MSE) customers across all bank branches nationally. The facility is an add-on product to the existing MSE term loans offered by the bank.

The OD facility is offered to all MSEs with a turnover of INR 50 lakhs or more at a competitive rate of interest. This interest rate is for one year with a credit limit between a minimum INR 11 lakhs to a maximum of INR 50 lakhs which can be renewed on an annual basis.

One of the key features of this facility allows the MSE customers to pay EMI only on the utilised amount and repay the amount anytime during the tenure of the OD facility to replenish the credit limit back to its original amount. This special feature empowers the MSE customers availing the credit limit to manage their cash flows smartly and more efficiently and is designed keeping in mind that loans to this segment are better left flexible considering the dynamic and variable funding requirements their businesses have.

Ujjivan SFB also offers composite loans where the overdraft facility can be combined with existing MSE term loan products. This helps the customers to take care of their long term and short term business requirements.

Speaking on the announcement, Banks’s Managing Director & CEO Samit Ghosh said , “This offering is aimed at the MSEs who don’t have easy access to formal credit given their turnover limitations. With this facility, we now offer a complete range of formal banking solutions to MSEs to meet all their business needs. The existing product offering of Ujjivan for the MSE customers is in the form of term loans. Given the requirement of funds for working capital purposes, and sometimes for short term purposes, Overdraft limits would help the customers to meet the fluctuating requirements of working capital throughout the year,”

Ujjivan Small Finance Bank (Ujjivan SFB) started its banking operations in February 2017. Today, with 300+ branches, Ujjivan SFB has established its presence across 24 States and Union Territories.

SG BUREAU

Previous Post

Times Network announces ‘India For Kerala’, a fund-raising campaign for flood-stricken Kerala

Next Post

Max Life Insurance launches new plan

admin

admin

Next Post
Max Life Insurance launches new plan

Max Life Insurance launches new plan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
IIS officer Samrat Bandopadhyay sets learning benchmarks, lives the motto ‘Walk the Talk’

IIS officer Samrat Bandopadhyay sets learning benchmarks, lives the motto ‘Walk the Talk’

June 17, 2025
REC extends Rs 4,785 Crore for HPCL Rajasthan Refinery’s project in Barmer

CUTS International, Newland Global Group ink MoU to boost Australia-India trade collaboration

May 30, 2025
CUTS International and Israel’s SIGNAL Group forge strategic partnership

CUTS International and Israel’s SIGNAL Group forge strategic partnership

May 21, 2025
India’s first AI city in Uttar Pradesh

India’s first AI city in Uttar Pradesh

February 23, 2025
Mucormycosis or fungal infection : Deadly sequel of Covid-19

Mucormycosis or fungal infection : Deadly sequel of Covid-19

1

Village Roadshow Entertainment Secures $480 Million

0
APSC needs financial autonomy to tone up working

APSC needs financial autonomy to tone up working

0
Corruption down revenue up

Corruption down revenue up

0
TTDF symposium 2025 concludes at IIT Madras Research Park

TTDF symposium 2025 concludes at IIT Madras Research Park

June 21, 2025
Apurva Chandra appointed Principal Advisor for defence acquisition

Apurva Chandra appointed Principal Advisor for defence acquisition

June 21, 2025
NIXI Day 2025: Powering India’s Internet Since 2003

NIXI Day 2025: Powering India’s Internet Since 2003

June 20, 2025
Meril launches India’s first TEER system ‘MyClip’ to treat Mitral valve disease

Meril launches India’s first TEER system ‘MyClip’ to treat Mitral valve disease

June 20, 2025

Recent News

TTDF symposium 2025 concludes at IIT Madras Research Park

TTDF symposium 2025 concludes at IIT Madras Research Park

June 21, 2025
Apurva Chandra appointed Principal Advisor for defence acquisition

Apurva Chandra appointed Principal Advisor for defence acquisition

June 21, 2025
NIXI Day 2025: Powering India’s Internet Since 2003

NIXI Day 2025: Powering India’s Internet Since 2003

June 20, 2025
Meril launches India’s first TEER system ‘MyClip’ to treat Mitral valve disease

Meril launches India’s first TEER system ‘MyClip’ to treat Mitral valve disease

June 20, 2025
Smart Governance

Smart Governance is a community engagement platform bringing together decision-makers and bureaucrats from the Indian Government together through a strategic mix of platforms such as Print, Digital, Live Events, Virtual Events, Research, and Training platforms.

Follow Us

Browse by Category

  • Digital
  • Economy
  • Education
  • Governance
  • Health
  • India
  • Industry
  • Infrastructure
  • Innovation
  • Interviews
  • My View
  • News
  • PSE
  • Uncategorized

Recent News

TTDF symposium 2025 concludes at IIT Madras Research Park

TTDF symposium 2025 concludes at IIT Madras Research Park

June 21, 2025
Apurva Chandra appointed Principal Advisor for defence acquisition

Apurva Chandra appointed Principal Advisor for defence acquisition

June 21, 2025
  • About Us
  • Contact us
  • Privacy Policy

© 2025 Smart Governace

No Result
View All Result
  • Home
  • News
  • Governance
  • India
  • Digital
  • Industry
  • Infrastructure
  • Economy
  • PSE
  • Health
  • E Magazine

© 2025 Smart Governace