The SBI Stree Shakti Yojana is a loan scheme launched by the Central Government of India with the help of the State Bank of India to provide financial assistance to women entrepreneurs. With this scheme, women entrepreneurs will be able to get a loan to start their own businesses.
The Stree Shakti Loan SBI offers women a loan amount of up to 25 lakhs at low interest rates if they own at least 50% of the business. They can also get an unsecured loan of 5 lakhs under this scheme.
The interest rates for the SBI Stree Shakti loan provide an overview of the total cost of borrowing. The rates offered are typically low and will be given as per the prevailing rate. The interest rates will depend on the loan amount and the credibility of the borrower. Here are the rates as per the loan amount:
The eligibility criteria determine the requirements that women entrepreneurs must meet to secure the SBI Stree Shakti Yojana. These requirements are:
Not sure of your credit score? Check it now!
Certain documents are required to be submitted to ensure a smooth application process and quick disbursal. These documents help SBI access the credibility and repayment capabilities of a business. The documents required for the Stree Shakti Scheme are:
Applying for the SBI Stree Shakti Yojana scheme is a straightforward process, all you need to do is follow the steps below:
Ready to take the next step? Apply for a Business now!
The SBI Stree Shakti Yojana loan is a scheme launched to empower women entrepreneurs by providing them with the necessary capital to start their businesses.
The maximum loan amount you can avail under this scheme is 25 lakhs.
The interest rate for this loan is based on the existing lending rate for loan amounts of up to 2 lakhs. For loan amounts of more than 2 lakhs, there is a concession of 0.5%. A further concession of 5% can be given in certain cases.
The repayment period for this loan is 12 months to 5 years.
No, the loan can only be applied through a bank branch.
Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.
Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.