SBI Asmita, SME loan to women entrepreneurs SBI Asmita
A collateral-free SBI business loan for MSMEs run and managed by women, from above ₹10 lakh up to ₹5 crore.
Last updated on
- Status
- Open
- Run by
- State Bank of India
What you get
- Existing (brownfield) units can borrow above ₹10 lakh up to ₹5 crore
- New (greenfield) units can borrow above ₹1 crore up to ₹5 crore
- Term loan, working capital, overdraft or a non-fund based facility
- Can be used for working capital, machinery, equipment, vehicles, new factory layout or other business needs
- No collateral. Eligible loans are covered under CGTMSE and the borrower pays the CGTMSE fee
- Term loan or dropline overdraft up to 7 years, including up to 6 months moratorium
- No prepayment penalty
Who can apply
- Open to businesses in manufacturing, services and trading.
- Micro, small and medium enterprises.
- Only for women.
- The most on offer is ₹5 crore.
- Udyam registration is needed. It is free.
- The unit must be run and managed by a woman
- In a partnership or company, women must hold more than 50% of the shares
- Proprietorship, partnership firm or closely held private or public limited company
- Udyam Registration Number or Udyam Assist Certificate is mandatory
- A personal guarantee from the proprietor, partners or directors is needed
How to apply
- Get your Udyam registration in place first
- Ask at an SBI branch for the SBI Asmita guidelines and application
In person, nearest SBI branch
In Kerala, any SBI branch in Kerala. The page says detailed guidelines are available at the branch.
Documents to keep ready
- Udyam Registration Number or Udyam Assist Certificate
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.