Union Bank of India APPLICATION FORM FOR MSMES from Download

The document provided in the PDF is the official Union Bank of India Application Form for MSMEs (Micro, Small, and Medium Enterprises) (msme-busin… p. 1). It is used by businesses to apply for credit facilities up to ₹2.00 crore (msme-busin… p. 9).

• Enterprise Profile: Captures the basic identity of the business including its registered name, office/factory addresses, date of establishment, and legal constitution (e.g., Sole Proprietorship, Partnership, Private Limited, or Trust) (msme-busin… p. 1).
• Regulatory Registrations: Mandatory fields for reporting the business’s UDYAM Registration Number, GSTIN (GST Registration Number), GeM registration data, and Importer-Exporter Code (IEC) if applicable (msme-busin… p. 2).
• Management Details: A dedicated matrix to record personal, academic, and financial profiles (PAN, Aadhaar, Net Worth, and industry experience) for all proprietors, partners, or directors (msme-busin… p. 2).
• Operational Classifications: Sections to declare whether the unit is Zero Defect Zero Effect (ZED) rated, alongside its corresponding gradation (Bronze, Silver, Gold, Diamond, or Platinum) (msme-busin… p. 3).
• Credit Structure (Existing & Proposed):
  • Existing Facilities: Tracks current bank accounts, Cash Credit (CC) limits, Term Loans, and LC/BG exposures inside or outside Union Bank (msme-busin… p. 3).
  • Proposed Facilities: Breaks down requested fund-based or non-fund-based credit limits, their intended business purpose, and the primary securities offered (msme-busin… p. 4).

• Machinery Procurement Grid: A granular table required for Term Loans detailing individual equipment costs, supplier names, promoter contributions, and the remaining residual life for second-hand machinery (msme-busin… p. 4).

The application implements strict financial checkpoints based on the total loan exposure requested:

• Loans up to ₹10 Lakhs: Per RBI directives, the bank cannot demand collateral security or third-party guarantees from Micro and Small Enterprises (MSEs) for limits up to this amount (msme-busin… p. 4).
• Loans from ₹2 Lakhs to ₹25 Lakhs: Applicants must submit financial statements (Balance Sheets and Income Tax/GST returns) covering the past 3 years along with 2-year future projections (msme-busin… pp. 8-9). Unaudited balance sheets are acceptable within this specific window (msme-busin… pp. 8-9).
• Loans of ₹25 Lakhs and Above: Submission of Audited Balance Sheets becomes strictly mandatory (msme-busin… pp. 8-9). Additionally, a comprehensive business profile must accompany the form (msme-busin… p. 10).
• Loans of ₹50 Lakhs and Above: Requires a fully detailed Project Report covering structural manufacturing processes, competitive market analysis, and extended 7-to-8-year balance sheet projections aligned with the loan repayment timeline (msme-busin… p. 10).

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