SBI Stree Shakti Yojana 2023 : Good news for women, the government will give a loan of 20 lakhs in this scheme

SBI Stree Shakti Yojana 2023 : SBI Stree Shakti Yojana 2023 : Country’s largest bank, State Bank of India (SBI) has launched an empowerment scheme called SBI Stree Shakti Yojana 2023. This nationwide initiative aims to uplift and support women in their entrepreneurial endeavours, especially in the industrial sector. In this article, we will study the key features, eligibility criteria, application process and numerous benefits associated with SBI Stree Shakti Yojana 2023.

Benefits under this scheme

It aims to uplift women from economically disadvantaged backgrounds.
More loan amount available to women at lower interest rates.
Loans facilitate the transition of small scale enterprises to large scale businesses.
The loan approval process is faster, reducing business downtime.
Loans are given without the need for collateral or extensive documentation.
Eligibility Required for SBI Stree Shakti Yojana 2023

Only women are allowed to apply for this scheme.

woman applying for a loan must have 50% or more ownership in the business.
Women business should participate in development programs organized by state agencies.
The scheme is open to all business categories including small and large enterprises.
Women doctors can use these loans to set up clinics or invest in various business ventures.
The female applicant must be a permanent citizen of India.
Minimum age requirement for applicants is 21 years.
Business categories included under SBI Shri Shakti Yojana 2023

Features of SBI Shri Shakti Yojana

In the current business landscape, the number of women involved in entrepreneurial ventures continues to grow. However, financial constraints often impede their progress. To address this issue, State Bank of India has introduced a loan scheme specifically tailored to women. Through SBI Stri Shakti Yojana, women are given loans to start their own businesses.
The loan amount can go up to ₹20 lakh, enabling aspiring women entrepreneurs to bring their business ideas to life. Existing business women can also avail loans up to ₹50 lakh. Additionally, this government-backed scheme offers loans at very low interest rates and eliminates the need for extensive documentation or collateral.

SBI Shri Shakti Yojana Required Documents:

aadhar card
PAN card
Residence Certificate
Income certificate
Passport size photographs
Application letter
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Certificate of ownership in the company
Bank statements
Documents of partner (if applicable)
Profit and loss statement with proof
Income tax return of last two years
Business plan

How to apply offline in this scheme?

Visit your nearest SBI branch, where dedicated staff handle loan applications for this scheme.
Contact the officers of the loan department and collect complete information regarding the loan.
Get the application form from the employee.
Fill all the required information accurately in the application form.
Attach self-attested copies of required documents.
Submit the completed application form to the bank officer.
The application will be verified within 24 to 48 hours.
Once approved, the loan amount will be transferred to your bank account.

Useful links

Click here to apply
Homepage Click here

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