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, particularly in the industrial sector.
Shri Shakti Yojana Detail
Under this scheme, special benefits and financial assistance are provided to women to advance in the business world. In this article, we will study the key features, eligibility criteria, application process and numerous benefits associated with SBI Stree Shakti Yojana 2023.
Name of the scheme: SBI Shri Shakti Yojana 2023
was launched by the: Central Government to assist SBI Bank
All women in the: beneficiary country who want to start their own business
Self-reliance for the: women of the objective country
Benefit Low interest; rate loan from bank to start own business
The benefit is: provided by State Bank of India
Application Process: Offline
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.
- Only women are allowed to apply for this scheme.
- A 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
For SBI Shri Shakti Yojana official website: Click Here
- Necessary 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 Online For SBI Stree Shakti Yojana 2023
- 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.