SBI Women Loan
With the aim of promoting women empowerment and entrepreneurship, the Department of Women and Child Development, along with State Bank of India (SBI), has introduced a special loan scheme called the Stree Shakti Package. This initiative encourages women to start their own businesses by providing financial assistance at concessional interest rates.
The Karnataka Government launched this scheme during the financial year 2000–01 as part of its flagship programs. SBI later integrated this into its banking services to support women entrepreneurs across the state.
This scheme offers excellent financial support for women who wish to start small home-based industries or even large-scale businesses.
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What is Stree Shakti Package?
The Stree Shakti Package is a special loan scheme by State Bank of India (SBI) designed to support women entrepreneurs by providing affordable business loans.
Under this scheme:
- Loans up to ₹25 lakh are available for small and medium enterprises.
- Collateral-free loans up to ₹10 lakh can be availed.
- Concessional interest rates are offered to eligible women applicants.
Purpose of This Scheme
The main objective of this scheme is to financially support women who wish to:
- Start their own business, or
- Expand an existing small enterprise.
Key conditions include:
- Women must hold at least 51% ownership in the business.
- For loan amounts above ₹2 lakh, an interest concession of 0.50% is provided.
- For small-scale industries, loans up to ₹5 lakh can be obtained without any additional surety.
- Women who have completed Entrepreneurship Development Programs (EDP) conducted by government agencies receive priority.
Benefits of the Scheme
Applicants can enjoy the following advantages:
- Loan amount ranging from ₹50,000 to ₹25 lakh
- 0.50% interest rate concession for loans above ₹2 lakh
- Up to 5% relaxation in margin money
- Easier access to business finance for women entrepreneurs
Who Can Apply?
The following women entrepreneurs are eligible:
- Retail traders (grocery stores, clothing shops, etc.)
- Small-scale business owners
- Entrepreneurs involved in agriculture-related activities
Documents Required
Applicants must submit:
- Aadhaar Card
- PAN Card
- Ration Card
- Udyam Registration Certificate
- Project Report
- Bank Passbook
- Passport-size Photograph
Where to Apply?
Eligible candidates can apply by visiting their nearest SBI branch. Collect the application form, fill in the required details, and submit it along with the necessary documents.
More Information
For complete and updated details, visit the official website.
Helpline Number: 1800 1234
