Organisation : Bank of Maharashtra
Service Name : Udyami Mitra
Applicable For : Bank of Maharashtra Account Holders
Applicable States/ UTs : All India
Check Here : https://udyamimitra.in/
Home Page : http://www.bankofmaharashtra.in/default.asp
Bank of Maharashtra Udyami Mitra
SIDBI’s Udyamimitra Portal is an enabling platform, aims to provide ‘End to End’ solutions not only for credit delivery but also for the host of credit plus services by way of handholding support, application tracking, multiple interface with stakeholders (i.e. lenders, service providers, applicants).
Related : Bank of Maharashtra Maha Amulya Rewardz Registration : www.statusin.in/37558.html
Further, New age lenders viz. Fintechs, NBFCs, Small Finance Banks, MFIs are on-boarded on the platform for enhancing the flow of credit to MSMEs.
Benefits
Apart from linking prospective borrowers to lenders for loans, the web portal also provides handholding support through a network of agencies engaged in application filling/ report preparation, financial training, skill development, mentoring, entrepreneurship development programmes, work shed and subsidy schemes.
Gains
** Any type of enterprise loans – MUDRA ( upto 10 lakh) Stand-Up India Scheme for SC/ST and Women- 10 lakh to 100 lakh, SME loans ( presently upto 2 crore)
** Business ideas and knowledge pool from smallB.in
** Credible Connect- Access to 1.25 lakh bank branches and 17000+ handholding agencies ( for application filing, financial training, skill training, access to margin money/subsidy and so on).
** Decide – Chose the preferred banks in your area.
** Enablers-
** Market place offering wider access- One application is available for all participating banks.
** Online application – Access enabled to apply any time & from anywhere – Standardised application forms acceptable across the country, available freely.
** Track your proposal- responsiveness is assured.
Key Features
The Portal, as a virtual market place endeavors to provide ‘End to End’ solutions not only for credit delivery but also for the host of Credit-plus services by way of hand holding support, application tracking, multiple interface with stakeholders (i.e. banks, service providers, applicants).
The important features include :
II. Matchmaking platform- It provides a unique match making platform to MSME loan seekers, lenders as also handholding agencies. The portal has designed capability to accept varied MSME loan applications.
Presently loans upto 2 crore can be accessed. The portal aims to be a crucial interface layer to create a support system involving varied stakeholder
III. Inclusive Access to all – It provides access to both financial ( 1.25 lakh bank branches) and non financial services (17000+ handholding agencies) with three distinct features viz.
(i) Seek Handholding support;
(ii) select and apply for loans to preferred banks;
(iii) enable faster loan processing.
On entering Portal, the user is guided for registration and login. Based on information furnished by a prospective entrepreneur the system categorizes the applicants into ‘trainee’ (those needing training or other help before they are ready for entrepreneurship) and ‘ready’ borrowers (borrower feels he/she is ready to approach lenders for loan).
It then guides them to access handholding support or direct loan application module as per their requirement.
Frequently Asked Questions
1. Do I have to pay for registering on the Portal?
Presently, registration on the Portal is free of cost.
2. What is virtual market place?
Virtual market is a place provided in dashboard for all stakeholders where all online loan applications aggregate and lenders are able to pick up any applications and process.
3. What is dashboard?
Dashboard is a user interface providing facility to view activities being carried out through the portal, available on real time basis. Dashboard would facilitate generation of reports for analytics.