SBI Stree Shakti Yojana 2024: State Bank is giving loan of Rs 25 lakh to women without guarantee, apply like this – Free job Alert

SBI Stree Shakti Yojana 2024: State Bank is giving loan of Rs 25 lakh to women without guarantee, apply like this – Free Job Alert

SBI Stree Shakti Yojana 2024: The government makes schemes from time to time to help women become more independent and empowered. State Bank of India, which is the largest bank in India, in collaboration with the government, has launched a scheme called Stree Shakti Yojana. The objective of this scheme is to help women become self-reliant by providing them loans at very low interest rates to start their own businesses.

Women can use these loans to start their own businesses. SBI Stree Shakti Yojana 2024 aims to make it easier for women to work. If you are a woman and interested in availing benefits from this scheme offered by the State Bank of India, then keep reading this article completely for detailed information about it.

What is SBI Stree Shakti Yojana 2024?

State Bank of India in collaboration with the Central Government has launched a special scheme to help women become more self-reliant and confident. Through this scheme, any woman who wants to start her own business or find a job can borrow money from the bank. They can borrow up to Rs 25 lakh, which is a huge amount and they do not have to pay much interest on it.

Here’s how it works: If a woman wants to start a business, she must have at least half ownership in that business to qualify for the loan. If the loan is less than Rs 5 lakh then the bank will not ask for anything valuable like a house or jewellery as a guarantee. But if the loan is between Rs 5 lakh to Rs 25 lakh, the bank will need some assurance that the woman will return the money.

Eligibility Criteria for SBI Stree Shakti Yojana 2024

To qualify for SBI Stree Shakti Yojana 2024, you must follow these criteria:

• The woman should be from India.
• Women can apply for loans to start a new business.
• If a woman owns 50 per cent or more of an existing business, she can apply for a loan under the scheme.
• Women should own their own business.
• She cannot apply for the loan on behalf of any other family member.

Businesses included in SBI Stree Shakti Yojana 2024

SBI Stree Shakti Yojana 2024 covers a wide range of businesses, such as:

1. Selling agricultural products like fruits and vegetables.
2. Manufacturing and selling of soaps and detergents (such as 14C soap).
3. Running a dairy farm and selling milk and dairy products.
4. Making and selling clothes like shirts and pants.
5. Making and selling papads, which are crunchy snacks.
6. Selling fertilizers for gardening and farming.
7. Running small-scale industries from home, like making handicrafts.
8. Selling cosmetic items like makeup and skin care products.
9. Running a beauty parlour, providing services like haircuts and facials.

Documents required for SBI Stree Shakti Yojana 2024

1. Aadhaar card of the applicant for identification.
2. Proof of address to confirm where the applicant resides.
3. Identity card for further identification.
4. Company ownership certificate, if applicable.
5. Completed application form.
6. Bank statements to show financial activity.
7. Income Tax Return (ITR) for the last 2 years.
8. Income certificate to verify income.
9. Mobile number for communication purposes.
10. Passport-size photograph for identification.
11. Business plan detailing goals and strategies.

How to apply for SBI Stree Shakti Yojana 2024? SBI Stree Shakti Yojana 2024 Apply Now

If you are a woman and want to grow your business, you can apply for SBI Stree Shakti Yojana 2024. This way:

1. Visit your nearest State Bank of India branch.
2. Tell them that you want to apply for SBI Stree Shakti Yojana.
3. The bank staff will guide you through the process and ask for certain information.
4. Fill out the application form provided by them.
5. Provide all required information, including your passport size
6. Paste the photo and signature where necessary.
7. Submit the application form with all the required documents.
8. The bank will review your application within a few days and approve your loan if everything is correct.
9. Once approved, you can avail the benefits of State Bank of India Stree Shakti Yojana.

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