How to get business loan for women from SBI Bank? Interest Rate, Features

Business Loan for Women: In today’s article we will tell you SBI Business Loan for Women will give information about A loan scheme for women entrepreneurs is being run by the State Bank of India (SBI). Stree Shakti Yojana also say

If you are a woman and you want to do business but you are short of money, then you can get a loan under Business Loan for women in SBI.

In this article you will know how Stree Shakti Yojana Means women can apply for industry loan, what are the interest rates, documents, eligibility etc. of this loan. That’s why you read this article completely.

SBI Business Loan for Women

SBI is running many types of loan schemes for women. In today’s time, women are increasingly making their mark in the field of business. Any woman entrepreneur, if she wants to start her business, then first of all she will need a lot of money.

To meet the business finance requirement of women entrepreneurs, SBI has launched Stree Shakti Yojana. SBI Business Loan for Women in Hindi ie under Stree Shakti Yojana you 20 lakh rupees Can take loan up to Rs.

To take advantage of this scheme, you have to apply in it. This women loan scheme of SBI 2022 (Mahila Loan SchemeUnder ) the woman should have at least 50% ownership in the business. There is no need for collateral (mortgage) for loans up to Rs 5 lakh under the SBI Mahila Loan scheme.

Women business is recognized by the Ministry of MSME of India. A small scale business dealing with service or industry which is owned and managed by one or more women entrepreneurs with 51% participation by women as shareholder/partner/director/co-operative society.

HIGHLIGHTS:

Plan	Stree Shakti Yojana
run by	State Bank of India (SBI)
loan amount	20 lakh rupees
rate of interest	Depends on your business profile.
who can take advantage	women who are interested in business

What is the interest rate of SBI Women entrepreneur scheme?

The interest rate charged on the loan given to you by SBI under Stree Shakti Yojana (ininterest rate) depends on your business profile. This interest rate will be applicable at the time of loan approval. idepends on the interest rate.

If the loan amount is more than Rs 2 lakh, then a discount of 0.5% is provided by the bank. Under this loan scheme, if the loan amount is up to Rs 5 lakh, then there is no need for security through property bonds.

Mahila Udyog Loan Tenure

The loan tenure is determined depending on the type of loan, whether it is a loan taken for working capital or a loan taken for long-term expenses. The loan tenure is decided as per the risk assessment of the borrower.

Loan amount available under Stree Shakti Yojana

Loans up to Rs 20 lakh are made available to the women of this loan. You do not need collateral for loans up to Rs.5 lakh. You are given a discount of 0.5% on loans above Rs 2 lakh. No security is required for loans up to Rs.5 lakh.

Features of Mahila Udyog Loan

• Women Business Loan (SBI) has been started only for women entrepreneurs.
• This loan scheme is also called Stree Shakti Yojana.
• If you are a woman and you want to do business, but you are short of money, then you can avail a loan of up to Rs 20 lakh under SBI Business Loan for Women. iCan get at nterest rate.
• To take advantage of Stree Shakti Yojana, you have to apply in it.
• Under the scheme, on loans above Rs 2 lakh, you iDiscount is provided in nterest rate.
• The woman taking advantage of Stree Shakti Yojana should have at least 50% ownership in the business.
• This scheme plays an important role in fulfilling the dream of women who want to start a business.
• This women loan scheme 2022 It has been started by the Government of India mainly for the women of poor families in the rural areas of the country.
• You do not have to provide any kind of security for loans up to Rs.5 lakh.
• The loan term can be short term or long term depending on your industry.
• In some cases, you can get a margin of up to 5% on the loan.
• For more information about this loan, you can also visit the official website of SBI Bank.

For which type of industry this loan can be availed?

As friends, we told you that this scheme has been started mainly for the women of rural areas. Women can take advantage of this loan scheme for the following industries:

• agricultural products industry
• Indigenous unbranded soap and detergent industry
• Cottage industries like manufacture of spices and incense sticks
• dairy
• Manufacturing of readymade garments

SBI Business Loan for women eligibility

• The applicant must be a permanent resident of India.
• Applicant should be a woman.
• Women should have more than 50% ownership rights in the business to be started.
• The applicant must be a part of the Entrepreneurship Development Program (EDP) organized by the Women’s State Agency.
• Manufacturing activities, retail business, service provider small business units are eligible for this loan scheme.
• Self employed professional women like architects, doctors and CAs also under Stree Shakti Yojana Business Loan can apply for

SBI Business Loan for Women Documents Required

• Aadhar card
• Address proof
• Identity Card (Voter I Card / Passport / Driving License / PAN Card)
• Address Proof (Property Tax Receipt / Voter ID Card / Telephone Bill / Electricity Bill / Company Registration Certificate)
• Company Partnership Registration Certificate (in case of partnership firms)
• income certificate
• mobile number
• photo of the applicant
• financial information
• Business plan: Business plan, business outline, details of promoters, directors, partners, etc. with documentation for at least 2 years.
• Other documents required by the bank
• application form
• Last 12 months bank statement
• ITR and Sales Tax for the last 2 years
• KYC documents of applicant and co-applicant / partners
• Proof of business vintage with P&L statement

How to apply for State Bank of India (SBI) Business Loan?

If you also want to take advantage of this scheme and you want to apply in it, then follow the steps given below:

• First of all you have to go to the branch of SBI Bank.
• After going there, you will have to tell the concerned employees that you want to get a loan.
• After that you will get an application form which you have to fill correctly.
• You have to attach your documents with this form and submit it there.
• After that your application form will be verified by SBI officials.
• If you are found eligible for this loan then your loan is approved.

Objective of Stree Shakti Yojana

There are many women in rural areas who want to do their own business but due to lack of money they are not able to start their own business. Keeping this in mind, the Government of India has started this scheme.

So that more and more women can take advantage of this scheme and start their own business. The women of our country are rapidly making a name for themselves in the field of business.

Benefits of Stree Shakti Yojana

• Women who want to do their own business can fulfill their dream by taking advantage of this scheme.
• Women from poor families in rural areas will get maximum benefit of this scheme.
• By taking advantage of this loan scheme, women will not have to reach out to others for money.
• Women will become self-reliant.
• Women in rural areas can use this amount to start small scale industries.

conclusion

In this article we have given you SBI Business Loan for Women Tried to give complete information about I hope you have found this article informative. You can contact your nearest bank to get more information about this loan scheme.

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