UCO launches MSME Abhinandan
UCO Bank announced the MSME Abhinandan Scheme offering takeover of existing loans and fresh funding from ₹1–50 crore, plus guarantees and LC support—positioned to ease working‑capital stress for growing SMEs. The program is a concrete example of banks stepping in to stabilize credit for mid‑market businesses. (x.com)
UCO presented the Abhinandan plan to internal risk and asset committees and recorded ALCO sign‑offs on a rate matrix in May–June 2024 before securing board approval to roll out the scheme. (prezi.com) Regional marketing for Abhinandan has included competitive pricing in field events — a Doon‑zone customer meet highlighted an 8.55% rate being promoted for takeover cases in that outreach. (pioneeredge.in) Operational rollout sits alongside UCO’s broader MSME push: the Jorhat zone reported sanctions exceeding ₹138 crore to 1,867 beneficiaries for FY 2025‑26 while listing Abhinandan among its flagship MSME products. (morungexpress.com) Abhinandan complements an existing product stack that already lists UCO Equipment Finance, UCO e‑Vahan/vehicle schemes, MSME property loans, and non‑fund facilities such as letters of credit and guarantees on the bank’s MSME product pages. (uco.bank.in) Solifi’s recent product moves mirror capabilities lenders typically deploy when running takeover and re‑onboarding campaigns: the company announced Solifi Document Intelligence on March 9, 2026, with claims of up to a 70% reduction in document‑review time, and Solifi expanded mid‑market equipment finance depth by acquiring Leasepath in July 2025. (prnewswire.com) Customer implementations demonstrate measurable deployment and operational gains that map to Abhinandan‑style programmes: Centennial Bank launched Solifi’s CALMS Compass floorplan solution in under four months, Kawasaki Motors Finance reported improved dealer self‑service and faster onboarding after moving to Solifi, and a specialist wholesale lender cited reduced onboarding friction after going live with Solifi Wholesale and Originations. (solifi.com) National guarantee frameworks remain a common backstop for banks offering takeover credit to MSMEs — CGTMSE and related NCGTC guarantee products have been used to provide cover on MSME lending (historically up to specified limits and with recent corpus enhancements announced by the central government). (pib.gov.in)
