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SBI Stree Shakti Yojana: Under this scheme, women who want to start their own business are given loans at a very low interest rate.

The government keeps coming up with schemes from time to time to make the women of the country self-reliant and empowered. State Bank of India, India's largest bank, has launched a scheme known as Stree Shakti Yojana in collaboration with the Government of India to empower and empower women. Under this scheme, women who want to start their own business are given loans at a very low interest rate. Women can use this loan to start their own business.

What is SBI Street 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 and empowered. Through this scheme, any woman who wants to start her own business or employment can take a loan of up to 25 lakh rupees through the bank at a very low interest rate. You will have to pay very low interest on this loan.

Under this scheme women are given loans for any business only when they have 50% or more stake in that business. Under this scheme, if women take a business loan up to ₹ 500,000, they do not need to give any kind of deposit or guarantee. If they take a loan between Rs 5 lakh and Rs 25 lakh, women have to provide a guarantee.

Benefits and Features of SBI Stree Shakti Yojana

• State Bank of India is providing loan facility to the women of the country to start a business.

• Under this scheme, any woman can start her own business by taking a loan at a very low interest rate.

• Under this scheme being launched by the State Bank of India, a loan of up to 25 lakh rupees is given.

• Different interest rates are charged according to different categories and different businesses.

• If a woman takes a business loan of more than ₹200,000, she will have to pay 0.5% less interest.

• No guarantee is required for loans up to ₹500,000.

• Under this scheme you can take loan from ₹50000 to ₹25 lakh.

• Through this scheme, women doing small enterprises in rural areas will get an opportunity to expand their business.

Businesses included in SBI Stree Shakti Yojana

• Trading in agricultural products

• Soap and detergent business

• Dairy business

• Clothing business

• Papad making business

• Fertilizer sales

• Cottage industry

• Cosmetic items

• Beauty parlor business

Eligibility for SBI Stree Shakti Yojana

• Women who are permanent residents of India can apply for this scheme.

• Female applicant should be at least 18 years of age.

• Only those women whose participation in the business is 50% or more are eligible under this scheme.

• Women already doing small business are eligible for this scheme.

Required Documents of SBI Stree Shakti Yojana

• Applicant's Aadhaar Card

• Address proof

• Identity card

• Company ownership certificate

• Application Form

• Bank statement

• ITR of last 2 years

• Income 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. For this you should follow the below procedure.

• To apply, first you have to visit the nearest branch of State Bank of India.

• Here you have to go and tell that you want to apply under SBI Stree Shakti Yojana.

• Bank employees will inform you about this business loan and ask you some information.

• After that you will be given an application form to apply under this scheme.

• It will ask you for various information.

• You have to enter all the information carefully and paste the passport size photograph and signature at the right place.

• You have to submit this application form to the bank along with all the necessary documents.

• The bank checks your application form within a few days and after verifying it, approves your loan amount.