SBI Stree Shakti Yojana: The government keeps coming up with schemes from time to time to make the women of the country self-reliant and empowered. India’s largest bank, State Bank of India, has launched a scheme in collaboration with the Government of India to make women self-reliant and empowered, which we know as Stree Shakti Yojana. Under this scheme, women who want to start their own business are given loans at very low interest. Women can use this loan to start their own business.
This scheme has been started so that women do not face any problem in starting employment. If you are also a woman and want to take advantage of the Stree Shakti Yojana run by State Bank of India, then read this article completely. Here you are being given all kinds of information about this scheme in detail.
What is SBI Stree Shakti Yojana?
State Bank of India has started this scheme with the central government under which work will be done to make women self-reliant and empowered. Through this scheme, any woman who wants to start her own business or employment can get a loan of up to Rs 25 lakh at a very low interest rate through the bank. You have to pay very low interest on this loan.
Under this scheme, women are given loans for any business only if they have a 50% or more stake in that business. Under this scheme, if a woman takes a business loan of up to ₹500000, then she does not need to provide any kind of collateral or guarantee. If she takes a loan of Rs 5 lakh to Rs 25 lakh, then she has to provide a guarantee.
Objectives of SBI Stree Shakti Yojana
The main objective of starting this scheme is to make the women of the country self-reliant and empowered so that they can move forward in the field of business and trade. For this, SBI Bank gives loans up to Rs 25 lakh to women at a very low interest rate so that women become self-reliant and start their own business. When women try to fulfill their dreams, the bank will also help them, this will improve the economic and social status of women in the society.
Benefits and Features of SBI Stree Shakti Yojana
- State Bank of India is providing loan facility to the women of the country to start business.
- Under this scheme, any woman can start her own business by getting a loan at a very low interest rate.
- Under this scheme launched by State Bank of India, loan up to Rs 25 lakh is given.
- Different interest rates are charged according to different categories and different businesses.
- If any woman takes a business loan of more than ₹ 200000 then she has to pay 0.5% less interest.
- No guarantee of any kind is required for loans up to ₹500000.
- Under this scheme, you can take a loan ranging from ₹50000 to ₹25 lakh.
- Through this scheme, women running small industries in rural areas will get an opportunity to expand their business.
Businesses included in SBI Stree Shakti Yojana
- Trading of agricultural products
- 14C Soap and Detergent Business
- Dairy business
- clothing manufacturing business
- Papad making business
- Sale of fertilizers
- Cottage Industry
- Cosmetic Items
- Beauty Parlour Business
Eligibility for SBI Stree Shakti Yojana
- Any woman who is a permanent resident of India can apply for this scheme.
- The minimum age of the woman applying must be 18 years.
- Under this scheme, only those women are eligible whose partnership in the business is 50% or more.
- Women who are already doing business on a small scale are eligible for this scheme.
Required Documents for SBI Stree Shakti Yojana
- Aadhaar card of the applicant
- Address proof
- identity card
- Ownership certificate of the company
- Application Form
- Bank statement
- ITR of last 2 years
- income certificate
- mobile number
- Passport size photo
- business plan profit and loss statement
How to apply for SBI Stree Shakti Yojana?
If you are also a woman who wants to expand your business, then you can apply under the Stree Shakti Yojana. For this, follow the process given below.
- To apply, first you must state bank of indiaF India You have to visit the nearest branch of.
- Here you have to go and tell that you want to apply under SBI Stree Shakti Yojana.
- The bank employees will give you information about this business loan and will ask you some information.
- After that you will be given an application form to apply under this scheme.
- In this, many types of information will be asked from you.
- You have to enter all the details carefully and paste the passport size photo at the correct place and sign.
- You have to submit this application form along with all the required documents in the bank.
- The bank checks your application form within a few days and after verifying it, approves your loan amount.
- In this way, you can avail the benefits by applying under State Bank of India Stree Shakti Yojana.