10. United Sahaj Rin Yojana (For North Eastern States Only)

Objective:

The objective of the "United Sahaj Rin Yojana" is to provide overdraft facility for pursuing any income generating activities in the farm and non-farm sector (any eligible activities). The scheme is meant for weaker section of the society under priority sector for bringing the small traders like Pan Bidi vendors, vegetable / fish vendors, fruit vendors, newspaper hawkers, fast food stalls, phoochka stalls, etc. The scheme is aimed to avoid borrowing by these very small traders from private money-lenders at very high rate of interest.

Eligibility:

Any individual in the age group of 18-50 yrs. belonging to BPL list and undertaking the above-mentioned activities, and residing in the vicinity of the branch preferably within 1 to 1.5 km. from the Branch for proper monitoring. All existing defaulter loanees will be kept outside the purview of the scheme.

Implememtation:

To start with the implementation of the scheme will be restricted to all branches under North Eastern States only.

 Source: http://www.unitedbankofindia.com