SBI Stree Shakti Yojana: The government keeps bringing schemes from time to time to make the women of the country self-reliant and empowered. India’s largest bank, State Bank of India, has launched a scheme in collaboration with the Government of India to make women self-reliant and empowered, which we know as Stree Shakti Yojana. Under this scheme, women who want to start their own business get loans at very low interest. Women can use this loan to start their own business.
This scheme has been made so that women do not face any problem in starting work. If you are also a woman and want to take advantage of the Stree Shakti Yojana run by the State Bank of India, then read this article completely. Here you have been given all kinds of information about this scheme in detail.
What is SBI Stree Shakti Yojana?
State Bank of India has started this scheme in collaboration with the central government, under which work will be done to make women self-reliant & empowered. Through this scheme, any woman who wants to start her own business or employment can get a loan of up to Rs 25 lakh at a very low interest rate through the bank. You will have to pay very little interest for this loan.
Under this scheme, women get loans for any business only if they have a 50% or more stake in that business. Under this scheme, if a woman applies for a business loan of up to Rs 500,000, then she does not need to give any guarantee. If you take a loan between Rs 5 lakh and Rs 25 lakh, you will have to provide collateral.
Objectives of SBI Stree Shakti Yojana
The main objective of launching this scheme is to make the women of the country self-reliant and empowered so that they can move forward in the field of business and commerce. For this, SBI Bank provides loans up to Rs 25 lakh at a very low interest rate to make women self-reliant and start their own business. When women try to fulfill their dreams, the bank will also help them, this will improve the economic and social status of women in the society.
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Benefits and Features of SBI Stree Shakti Yojana
1. The State Bank of India provides loan facilities to the women of the country to start businesses.
2. Under this scheme, any woman can start her own business by getting a loan at a very low interest rate.
3. Under this scheme launched by the State Bank of India, a loan of up to Rs 25 lakh is provided.
4. Different interest rates are charged according to different categories and different businesses.
5. If a woman takes a business loan of more than Rs 200,000, then she will have to pay 0.5 percent less interest.
6. No collateral is required for loans up to ₹ 500,000.
7. Under this scheme, you can apply for a loan ranging from Rs 50,000 to Rs 25 lakh.
8. Thanks to this scheme, women running small industries in rural areas will get an opportunity to expand their business.
Businesses included in SBI Stree Shakti Yojana
1. Trading of Agricultural Products
2. 14C Soap and Detergent Business
3. Dairy Business
4. Garment Manufacturing Business
5. Father’s Business
6. Fertilizers Sales
7. Cottage Industry
8. Cosmetic Items
9. Beauty Salon Business
SBI Stree Shakti Yojana Key Eligibility
1. Any woman who is a permanent resident of India can apply for this scheme.
2. The minimum age of the female applicant should be 18 years.
3. Only those women are eligible under this scheme whose participation in the business is 50% or more.
4. Women who already run small businesses can avail the benefits of this scheme.
Required Documents for SBI Stree Shakti Yojana
- The Aadhaar card of the applicant
- Address proof
- identity card
- Ownership certificate of the company
- Application Form
- Bank statement
- ITR of last 2 years
- I Certificate
- mobile number
- Passport size photograph
- business plan profit and loss statement
How to apply for SBI Stree Shakti Yojana?
If you are also a woman who wants to expand your business, then you can apply under Stree Shakti Yojana. To do this, follow the detailed procedure given below.
1. To apply, first of all you have to go to the nearest branch of the State Bank of India.
2. Here you have to go and say that you want to apply under SBI Stree Shakti Yojana.
3. The bank employees will give you information about this business loan and will ask you for some information.
4. After that you will be given an application form to apply under this scheme.
5. In this, many types of information will be asked from you.
6. You have to enter all the information carefully and sign by pasting a passport-size photo in the right place.
7. You have to submit this application form to the bank along with all the required documents.
8. The bank verifies your application form within a few days and approves your loan amount after verification.
9. In this way, you can apply under the State Bank of India Stree Shakti Yojana and avail of the benefits.