(THE NEWSMN OF INDIA.COM)
Union Bank of India has been honoured with two prestigious *First Rank* awards for achieving the highest number of Micro and Small Enterprises (MSME) accounts covered under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme. This recognition was conferred in acknowledgment of the bank’s remarkable efforts in promoting credit access to MSMEs across the country.

The CGTMSE scheme, an initiative by the Government of India and SIDBI, aims to provide collateral-free credit to MSMEs, thereby encouraging entrepreneurship and strengthening the small business ecosystem. Union Bank’s top performance under this scheme demonstrates its unwavering dedication to empowering India’s micro and small entrepreneurs by easing their access to formal credit.

By actively supporting MSMEs, Union Bank of India continues to play a critical role in driving financial inclusion and contributing to India’s economic growth. These accolades reaffirm the bank’s leadership in the MSME lending space and its commitment to fostering a vibrant and resilient business environment at the grassroots level.