STREE SHAKTI PACKAGE
The Stree Shakti Package is a unique scheme run by the SBI, aimed at supporting entrepreneurship among women by providing certain concessions. An enterprise should have more than 50% of its share capital owned by women to qualify for the scheme.
The concessions offered under the Stree Shakti Package are:
The margin will be lowered by 5% as applicable to separate categories.
The interest rate will be lowered by 0.5% in case the loan exceeds Rs 2 lakh.
No security is required for loans up to Rs 5 lakh in case of tiny sector units.