SBI Stree Shakti Yojana provides financial assistance to eligible women entrepreneurs who want to start a business or expand an existing one. The scheme covers businesses operating in manufacturing, trading and service sectors.
Depending on the business requirement and financial assessment, loans of up to ₹25 crore may be available. Eligible women borrowers may also receive an interest-rate concession on certain loans.
SBI Stree Shakti Yojana Loan Limit
Under the scheme, eligible women entrepreneurs can seek financing for different business requirements, with loans of up to ₹25 crore depending on the business and the bank’s assessment.
The facility can cover working capital required for day-to-day operations as well as term loans for long-term business requirements such as machinery and other assets.
However, the maximum amount is not automatically available to every applicant. SBI determines the final loan amount after assessing factors such as eligibility, business requirements, project details and financial position.
For loans above ₹2 crore, the applicable interest rate may also be linked to the borrower’s credit rating.
Interest Rate Concession for Women
One of the key benefits mentioned under the initiative is an interest-rate concession for eligible women entrepreneurs.
Women borrowers may receive a concession of up to 0.50 percentage points, or 50 basis points, on eligible loans of up to ₹2 crore.
The actual interest rate can vary according to SBI’s prevailing lending rules, the loan category and the applicant’s profile.
Applicants should therefore confirm the applicable interest rate, processing charges and other costs with the bank before taking a loan.
Annapurna and Shringar Schemes for Businesses
SBI also has financing options aimed at women running businesses in specific sectors.
The Annapurna scheme is designed for eligible businesses associated with catering, restaurants, tiffin services and food products. Financing can be used for starting or expanding such businesses, subject to the applicable conditions.
Shringar Yojana is aimed at women entrepreneurs operating beauty parlours, salons and wellness-related businesses. The financing can help with requirements such as equipment purchases, infrastructure and business expansion.
These options are intended to make business financing more accessible to women working in different sectors.
Repayment and Documents Required
The repayment period can vary depending on the type and size of the loan. According to the information provided, the repayment tenure for term loans may range from seven to 10 years.
Depending on the loan amount and applicable terms, borrowers may also have to contribute margin money. The required margin can range from 15% to 25%.
Women planning to apply for the SBI Stree Shakti Yojana should keep important documents ready, including KYC records, financial statements and a detailed business project report.
Applicants should also check their required margin contribution and discuss the complete repayment terms with the bank.
Since interest rates, charges, eligibility and lending conditions can depend on the applicant and prevailing bank rules, borrowers should confirm the latest terms with SBI before submitting an application.