Our Products

Mirco Loan

UFS DEF provides a range of financial products tailored to support various community needs. For MSMEs and marginal farmers, it offers top-up loans to beneficiaries trained under government schemes like ODOP and VSSY, specifically focusing on women in groups of 5-10. These loans include an interest rate that may be reduced by government subsidies and come with life insurance coverage for the loan amount and interest. Additionally, the foundation offers loans to individuals below the poverty line, maintaining similar interest rates and insurance coverage. In promoting green finance, the foundation provides loans that cover a significant portion of eco-friendly vehicle purchases, such as e-rickshaws, targeting women beneficiaries from the Mission Shakti program. These loans feature the same interest rate, processing fee, and insurance benefits, ensuring comprehensive support for sustainable and inclusive community development.

Staff Loan

UFS DEF is initiating its operations by offering loans to its employees before expanding its lending services. Employees who have completed six months of service with UPICON or its subsidiaries are eligible for staff loans. To qualify, employees must become members of the foundation by paying a subscription fee. Once membership is obtained, employees can access various loan services provided by the foundation. The objective is to assist employees with emergency needs such as personal loans for unforeseen circumstances or serious illness, marriage loans with amounts varying based on remuneration and repayment capacity, asset purchase loans for items like vehicles and household goods, and education loans for their children's schooling. This policy ensures that employees have the financial support they need for critical and personal situations, enhancing their well-being and job satisfaction.

CSP Loan

UFS DEF is extending financial support to Customer Service Points (CSPs) to ensure they have the necessary working capital for their Business Correspondent (BC) operations. CSPs unable to invest in essential infrastructure, such as printers, laptops, furniture, micro-ATMs, and CCTV cameras, will receive financial assistance to sustain their businesses. CSPs who have completed six months of service are eligible to apply for this financial support. To avail of the loan, CSP agents must become members of the foundation by depositing a subscription fee. Once they become members, they can access various services provided by the foundation. CSP agents who have been working for more than six months and earning an average commission are eligible for a loan to purchase essential assets for their business. Additionally, CSP agents who have been in the system for more than six months and are earning a regular average commission are eligible for a working capital loan to ensure the smooth running of their BC transaction business. These loans are designed to support CSPs in maintaining and expanding their operations, ensuring they have the resources needed for success.

Limited Liability Loan

UFS DEF has adopted a unique Joint Liability Group (JLG) lending model, enabling groups of individuals to take loans for income generation and growth. In this model, each group member is equally liable for repayment through a formal agreement. Beneficiaries of this product usually engage in similar activities in agriculture, allied sectors, or non-farm sectors. Since its inception, this loan product has been a cornerstone of UFS DEF’s offerings. By integrating modern technology into the Indian microfinance sector, UFS DEF aims to add a social touch to its credit offerings. This model meets the credit needs of the poor by combining the flexibility, sensitivity, and responsiveness of the informal credit system with the technical, administrative, and financial strengths of formal credit institutions. The Limited Liability Loan is designed to support the economic activities of low-income communities, fostering sustainable development and financial inclusion.

Water & Sanitation Loan

Access to safe and affordable drinking water, adequate sanitation, hygiene, and the abolition of open defecation are essential for a healthy and dignified life. Addressing the nation's water and sanitation needs is one of the most significant human development challenges of our time. With the intent of enhancing life quality through hygienic and safe water and sanitation facilities, UFS DEF offers the Water & Sanitation Loan. This loan addresses the lack of access to clean water and basic sanitation facilities, which can lead to illness, lost time, and reduced productivity. By providing these essential services, the loan also ensures privacy, particularly for women in rural areas, contributing to their safety and dignity. The Water & Sanitation Loan is designed to improve overall well-being and support sustainable development in underserved communities.

Pragati Business Loan

UFS DEF introduces the Pragati Business Loan, which supports self-employed individuals and those who have operated small businesses in a similar line of business for more than three years. UFS DEF provides affordable and accessible loans to individuals who are earning a livelihood and seeking to expand or diversify their businesses. The Pragati Business Loan aims to empower entrepreneurs by offering financial support that fosters growth and sustainability, enabling them to achieve greater economic stability and success.

Kushalta Loan

UFS DEF offers Kushalta Loans with the vision of helping aspiring students pursue certifications, diplomas, degrees, and other skill development courses. These loans are designed for students enrolled in training institutions that provide skilling and upskilling programs to enhance employability. The Kushalta Loans aim to bridge financing gaps for aspiring candidates, making access to valuable skill development programs more convenient and attainable. By supporting educational and vocational training, these loans contribute to the professional growth and career advancement of students, enabling them to achieve their full potential.