Sbi Stree Shakti Loan Yojana Interest Rate: To help in empowering women in the country and making them self-reliant, the Central Government starts many schemes. Through one such scheme, SBI Stree Shakti Loan Yojana has been started by State Bank of India to enable women to progress in the industry sector. Through this scheme, the women of the country who want to start their own business but due to financial constraints are not able to start it, they are provided very low interest rates by State Bank of India to start their business. Loan is provided so that she can easily start her business.
In such a situation, if you also want to avail the benefit of SBI Stree Shakti Loan Scheme, then you will have to complete the process of application for the scheme. Through this article we will tell you what is Stree Shakti Loan Scheme? We will provide all the information related to the benefits, eligibility, required documents and application process of the scheme, for this you must read the article till the end.
SBI Stree Shakti Loan Scheme
Stree Shakti Loan Scheme has been started by State Bank of India with the aim of empowering women. Under this scheme, the bank will provide its support to those women of the country. The bank is providing loans up to Rs 25 lakh at very low interest rates under the scheme to women who want to start their own business but are unable to do so due to lack of money. For this, women applicants who want to take loan should have at least 50% or more stake in their business, only after which they will be able to apply for the scheme and get the loan. Under the Stree Shakti Loan Scheme, the applicant will not be required to give any guarantee to take a loan up to Rs 5 lakh.
Sbi Stree Shakti Loan Yojana Interest Rate – Details
| Name of Article | SBI Stree Shakti Loan Yojana |
| Category | Government Scheme |
| Started | By State Bank of India |
| Current Year | 2023-24 |
| Apply Mode | offline |
| Beneficiary | All the Women of the Country |
| Objective | Providing loans to women to start their business |
| Loan Amount | up to Rs 25 lakh |
Benefits of Stree Shakti Loan Scheme
- Under the Stree Shakti Loan Scheme, SBI provides loan facilities to women in the country to start their own business.
- By availing the benefits of the scheme, women will be able to get loans at very low interest rates and start their own businesses.
- Under Stree Shakti Yojana, eligible beneficiary women are easily given a loan of up to Rs 25 lakh to start a business.
- The margin can be reduced to 5% if the loan is small in different categories.
- Under the scheme, if a woman applies for a loan of Rs 200,000 or more, then her interest is reduced to 0.5%.
- The interest rate for working capital facility concessional margin under the scheme has been kept at 4% per annum.
- If the business loan amount is Rs 5 lakh then you do not need to give any kind of guarantee.
- Under Stree Shakti Yojana, loans ranging from Rs 50 thousand to Rs 25 lakh are given to companies registered in MSME.
- Women in the country will be able to become self-reliant by starting their own business and will also be financially empowered to support their families.
Eligibility for SBI Stree Shakti Loan Yojana Application
To apply for SBI Stree Shakti Loan Scheme, the applicant must fulfill its prescribed eligibility. Only after completing which you will be able to apply for loan, the information about all such eligibility is as follows.
- To apply for the scheme, applicants must be residents of India.
- Those women who want to start their own industry will be eligible to apply for the scheme.
- If a woman has 50% or more ownership interest in a business, she can also apply for a loan.
- Those women who work in small employed services like doctors, CA, architects will also be eligible to get loans under the scheme.
- The applicant woman should be a participant in the entrepreneurship development program organized by that state agency.
Documents Required
To apply for the scheme, the applicant must have some important documents. The process of applying for the scheme will not be completed without complete documents, the information about all such documents is as follows.
- applicant’s aadhar card
- Address proof
- Identity Card (PAN Card, Voter ID)
- Company Ownership Certificate
- application form
- Bank Statement (last 12 months)
- If there is a partner in the company, his/her documents
- ITR of last 2 years
- income certificate
- mobile number
- passport size photo
Stree Shakti Loan Scheme 2023 Application Process
To get a loan under Stree Shakti Loan Scheme, applicants can apply for the loan by reading the steps mentioned here.
- To apply for the scheme, applicants should first go to their nearest State Bank of India branch.
- Here you will have to take all your documents with you.
- Now you will have to tell the bank employee about this type of loan.
- After which the employee will provide you all types of information related to this loan.
- After receiving the information, you will be given a form for application.
- Here you have to fill all the information asked in the form correctly.
- After filling all the information, attach the photocopies of all the documents asked in the form along with the form.
- After this you will have to check the form and submit it to the bank employee.
- The bank officials will check your form and verify it.
- After which, if your loan is approved, the loan amount will be sent to your bank account within 24 to 48 hours.
- In this way the process of application for your Stree Shakti Loan Scheme will be completed.
We have provided you all the information related to SBI Stree Shakti Loan Yojana through our article and we hope that this information will be very useful for you. For this, if you like our article or have any question related to it, then you can ask your question in the comment box below. We will try our best to answer your questions, along with this you can stay connected to our site for more information related to more similar schemes.
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