Stree Shakti Yojana 2024: Objective, Benefits, Features, Eligibility, Online Apply, Documents and All Information

Stree Shakti Yojana: As everyone is aware, the federal and state governments operate a variety of programmes aimed at empowering women to become economically independent members of society. Similar to this, the Central Government launched the Stree Shakti Package Scheme specifically for women. Women who wish to launch their own businesses can fulfil their goals by obtaining a loan through the Stree Shakti Yojana. Women can start their own businesses with loans from the State Bank of India, which has extremely cheap interest rates. in order to make it easier for women to start their own businesses and to avoid any obstacles while applying for loans. If you would also like to launch your own company but are unable to do so because of a lack of funding, you can

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SBI Stree Shakti Yojana 2024

It is well known that the Central and State governments implement a range of programmes aimed at empowering women to become self-sufficient and improving their economic standing within society. The Central Government has initiated the Stree Shakti Package Scheme specifically for women. Women can fulfil their desire of founding their own businesses by obtaining a loan through the Stree Shakti Yojana. Women can begin their own businesses with loans from the State Bank of India, which provides extremely cheap interest rates. in order for women to easily launch their own businesses and to have no trouble obtaining loans. If you’d also like to launch your own company but are unable to do so because of financial constraints, you can get a loan by applying under Stree Shakti Yojana from the State Bank of India.

The State Bank of India assisted the Central Government in launching the SBI Stree Shakti Yojana, which aims to empower women. Financial assistance will be given to the nation’s women via this programme. who desires to launch her own company but is unable to fulfil her ambition because of a lack of funds. Under the State Bank of India’s Stree Shakti Yojana, these women are eligible for loans up to Rs 25 lakh. The interest rate on this loan is extremely low for women.

Complete information about SBI Stree Shakti Yojana 2024

Name of Scheme	SBI Stree Shakti Yojana
Was Started	Assistance to SBI Bank by Central Government
beneficiary	All the women of the country who want to start their own business.
Objective	The women of the country should be self-reliant
Benefit	Providing loans from banks at low interest rates to start their own business.
benefits are being given	By State Bank of India
Year	2024
Application Process	Online

The objective of SBI Stree Shakti Yojana

The primary goal of the SBI Stree Shakti Yojana is to empower women in the nation to become self-sufficient. SBI Bank offers loans up to Rs 25 lakh to people looking to launch their own businesses. in order for women to become independent and launch their own businesses. and can obtain a loan to realise their ambition. This programme will support women’s empowerment. In addition, women’s economic standing in society will also improve.

Benefits and features of SBI Stree Shakti Loan Yojana

• Under the Stree Shakti Yojana, SBI offers financial facilities to enable women in the nation to launch their own businesses.
• Women can launch their own businesses by taking advantage of this programme, which offers loans with extremely low interest rates.
• Eligible women can easily obtain a loan of up to Rs 25 lakh under the SBI Stree Shakti Yojana to launch their own business.
• If there are several categories for this loan to women, the margin can be lowered by 5%.
• Under this initiative, a woman will pay 0.5% less in interest on loans taken out for Rs 2 lakh or more.
• You won’t be required to provide any type of guarantee for a business loan up to Rs 5 lakh.
• This scheme maintains a 4% annual interest rate for the working capital facility concessional margin.
• Companies registered with MSME are eligible to get loans under the Stree Shakti Yojana, which range in amount from Rs 50,000 to Rs 25 lakh.
• Through this programme, women around the nation will gain empowerment and independence.
• This programme will enable women operating small businesses in rural areas to grow their enterprises.

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The business included under SBI Stree Shakti Yojana

• trade in agricultural products
• 14C soap and detergent business
• dairy business
• clothing manufacturing business
• papad making business
• sale of fertilizers
• Cottage industry like spice or incense sticks manufacturing business
• Cosmetic item or beauty parlour business

Eligibility for SBI Stree Shakti Yojana

• Women who live in India permanently are eligible to apply for this programme.
• The woman applying must be at least eighteen years old.
• Only women who have a 50% or greater stake in the business are eligible for this programme.
• Women who currently own small businesses are eligible for this programme.

Required documents of SBI Stree Shakti Yojana

• applicant’s aadhar card
• Address proof
• identity card
• Company Ownership Certificate
• application form
• Bank statement
• ITR of last 2 years
• income certificate
• mobile number
• passport size photo
• Business Plan Profit and Loss Statement

How to apply for SBI Stree Shakti Yojana?

Should you, too, be a woman seeking to expand your enterprise, you may submit an application under the Stree Shakti Yojana. You do this by following the steps listed below.

• You must first visit the State Bank of India branch that is closest to you in order to apply.
• You must go here and indicate that you would want to apply for the SBI SSY.
• The bank staff will ask you some questions and provide you with information about this business financing.
• Following that, an application form to apply for this plan will be sent to you.
• Numerous kinds of information will be requested from you in this.
• It’s important that you carefully fill in all the information and paste your signature and passport-sized photo in the appropriate spots.
• You must turn in this application form and any other paperwork to the bank.
• After a few days of reviewing your application, the bank verifies it and authorises the loan amount.
• Applying under the State Bank of India SSY would allow you to take advantage of its benefits in this way.

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FAQs for Stree Shakti Yojana

Q. What are the objectives of SSY?

Ans: The Program’s goal is to give women economic and social leverage by placing them in self-help organisations. It has invested millions of rupees in projects aimed at empowering women and developing their communities.

Q. For whom is the Stree Shakti scheme applicable?

Ans: The prerequisites that female entrepreneurs must fulfil in order to be eligible for the SBI SSY are specified in the eligibility criteria. These prerequisites are: The businesswoman needs to be an Indian national. For her to be qualified for the loan, she must own at least 50% of the company.

Q. What is the Shakti scheme for girls?

Ans: The Karnataka Congress government’s flagship Shakti project, which grants women free riding on non-luxury public transport buses, has had varying effects on women from various social classes and geographic locations.

@MAN