💼 Union Bank Launches Two Collateral-Free Export Loan Schemes

 ANYTIME NEWS NETWORK

Lucknow, February 16, 2026: Aligning with India’s vision of becoming a developed nation by 2047, Union Bank of India has launched two new collateral-free export working capital schemes — Union Niryat Sugam and Union Niryat Protsahan Yojana.

The Union Niryat Sugam scheme offers up to ₹80 crore to manufacturer exporters (including non-MSMEs) without collateral security.

Meanwhile, the Union Niryat Protsahan Yojana provides up to ₹10 crore collateral-free working capital to micro and small exporters, including merchant exporters and jewel exporters.

Both schemes offer competitive interest rates in INR and foreign currency linked to external benchmarks, along with better exchange margins.

With nearly 10% market share in export credit among scheduled commercial banks, Union Bank aims to further strengthen India’s global trade competitiveness.