SBI BANK LOAN: Every woman definitely cherishes some dream in her mind. Some want to open their own small business, while some want to expand their existing business.
But sometimes lack of money becomes a hindrance in their path. If you are also one such woman entrepreneur, then there is good news for you.
The Government of India and the State Bank of India have jointly brought the ‘SBI Stree Shakti Yojana‘. Under this scheme, you can fulfill your business dream by taking a loan of up to Rs 25 lakh at a low interest rate.
Loan Upto Rs. 25 Lakhs at Low Interest Rates
Under the Stree Shakti Yojana, you can get a loan ranging from Rs 50 thousand to Rs 25 lakh. The special thing is that you will also get a discount in the interest rate on a loan of up to Rs 2 lakh. That is, you will get a loan at a lower interest rate than the market.
Loan without guarantee up to Rs. 5 lakhs
If you want to start your own small business, it may be a little difficult for you to arrange for a guarantee in the beginning. Keeping this in mind, this special provision has been made in the scheme. You do not need to provide any kind of guarantee for a loan up to Rs 5 lakh.
Which women will get the benefit of the scheme (Who Can Apply for This Scheme)
Whether you are a woman from urban area or rural area, you can take advantage of this scheme.
But keep in mind, the age of the woman applying should be more than 18 years. Also, if you are already a partner in a company, then your share should be at least 51%.
Professional women like doctors, chartered accountants, architects can also apply for this scheme.
Required Documents
Business plan and profit-loss statement
Identity card (any of Aadhar card, PAN card, voter ID etc.)
Income certificate
Bank statement
Documents of partners in the company
Last 2 years ITR
Names of directors/partners/promoters of the company, copy of contract
Bank account
Mobile number
Passport size photo
How to Apply for Stree Shakti Yojana
Go to your nearest State Bank of India branch and get information about Stree Shakti Yojana. You will get the loan application form of Stree Shakti Yojana from the bank. Fill the form carefully and attach all the required documents with the form. After filling the form, submit it to the bank.