UCO Bank apprised the businessmen and traders holding accounts in its different branches of new UCO trader scheme by organising a meeting in Dehradun.
The senior officials of the regional office of the bank explained in detail about the new scheme. Chairing the meeting, zonal manager Nl Sharma said that loan limit has been extended from Rs 2 crore to Rs 5 crore for medium and small scale industry. At the same time, maximum limit of loan against the value of immovable property was also extended to 80 per cent from 60 per cent.
Sharma appealed to the traders to take advantage of the scheme. He said that the scheme has been developed keeping in view the interests of the traders. Rate of interest under the scheme is very low. He further added that UCO bank set up its 13 new branches in the State. It will set up 10 more branches so that the bank could give its contribution in development of Uttarakhand.
He also gave answer to various queries raised by the traders.
