Uttrayan Financial Services provides microcredit to deprived women and underprivileged sections of society to help empower them by providing sustainable livelihood solutions and ensuring a better standard of living.
Various loan products are as follows:
SBI Co-Lending
SBI Co-Lending is a partnership model where the State Bank of India (SBI), India's largest public sector bank, collaborates with non-banking financial companies (NBFCs) or other financial institutions to provide loans. The Co-Lending model is primarily aimed at enhancing credit flow to underserved sectors, including micro, small, and medium enterprises (MSMEs), affordable housing, and agricultural sectors.
Uttrayan has partnered with the State Bank of India in their prestigious and coveted project of “Co-Lending”. The limit sanctioned to us is 500 Cr. Thus enabling Uttrayan to pass on the benefits of lower interest rates for loans, as low as 19.45% (blended) currently to our ultimate beneficiaries (borrowers). The opportunity has been spread across our network of branches in 10 states, catering to our 1 lakh-plus clientele. UFSPL provides this loan to a tested client of microfinance with a good past track record willing to expand their business to fulfill their needs of working capital for expansion of running business.
Loan Size (Rs.)
Upto 3 Lakh max limit
(New Client Upto Rs. 100000+ there after cycle increase Rs. 50000.)
Rate of Interest PA
(Reducing)
19.45%
Mode of Repayment
Monthly
Loan Processing Charges
1% + GST
Tenure
12-36 Months
Moratorium
Nil
SIDBI Prayaas Scheme (BC)
An initiative by SIDBI in association with Micro Finance Institutions, Prayaas is a digitised, easy to access platform created for micro entrepreneurs and women to help them avail small business loans ranging from Rs.50,000 to Rs.5,00,000 for self-employment or any livelihood. In collaboration with SIDBI, Uttrayan, SIDBI Prayaas Scheme (BC), a business Correspondent Product, offers direct financial support to micro-entrepreneurs, bridging financial gaps, and fostering grassroots economic growth and livelihood creation. UFSPL Provides SIDBI Prayaas Scheme (BC) Loan to micro and small enterprises (MSE) clients to fulfill their needs of working capital for expansion of running business. SIDBI Prayaas Loan is a good option for small businesses looking to establish or expand their operations. It is designed to support MSMEs in terms of financial flexibility and growth, ensuring they have the necessary resources to thrive in competitive markets.
Loan Size (Rs.)
100K-200K
Rate of Interest PA
(Reducing)
17.50%
Mode of Repayment
Monthly
Loan Processing Charges
1% + GST
Tenure
12-36 Months
Moratorium
Nil