Stree shakti package its name tells the objective of this scheme which is to empower women. This scheme was started to encourage women towards industrialization. Under this scheme any woman who is wishing to start a new business can take out a loan at a very low interest rate.
This scheme is not just giving women a chance of starting a business on their own but it is giving them a chance to stand strong with their male companion too. In our country the industrial sector is heavily dominated by males and half of the population is still not playing their part.
If half of the population is not participating in industrialization of the country then how can our country industrialize faster? Thinking after on all these factors this scheme was launched. So let’s know about it.
Stree shakti package
Under the stree shakti package a woman can take a loan for establishing a new business or for growing her older one. For improving women industrialization, the government gives them loan via banks. This scheme was started for empowering women and making them financially more independent.
Objectives of Stree Shakti Package
The main objective of this scheme is to make women more self dependent and financially independent. So that women can take more responsibilities and play their part in the country’s development. Our country is still a developing one because half of our population is underestimated.
That’s why this scheme was started so half of the population means women can contribute more in the country’s industrialization. Apart from it another thing is to give women an equal position in the society as their male counterparts.
- Applicant woman must have the firm on her name or atleast held the 50% or more share in her company.
- Aadhar card
- Voter ID card
- Residential certificate
- Bank account and all information related from it.
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Given amount under Stree Shakti Package
- Which women are related to the retail trade they will get a loan of rupees 50 thousand to 2 lakh under this scheme.
- Those women who have business enterprises in their name are eligible for the same amount between 50 thousand to 2 lakh rupees.
- Those women who are the owner of a company registered from MSME can get a loan between 50 thousand to 25 lakhs.
Interest rates on loan amount under Stree Shakti Package
The interest rate is 5% under the amount of 2 lakhs and if your loan amount exceeds 2 lakh rupees then this interest rate is slightly lower than the 5%.
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Which banks will give loans under the Stree Shakti Package?
Under this scheme only state bank of india is eligible for giving loans. Apart from SBI no other bank is eligible for giving loans under this scheme.
Way of applying
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You can apply online for the benefit of this scheme through the official website of the SBI.
Benefits of stree shakti package
- After this scheme women’s position will improve in the society.
- This scheme will benefit those women more which are struggling for funding of their business.
- This scheme will raise the number of women industrialists in the country.
- There is no security needed for a loan amount of less than 2 lakhs.
- This scheme will establish women in their family as an earner she will be no more known as a spender.
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Which businesses woman can start through this package
- Milk dairy and its byproducts like butter, cheese and curd etc.
- Readymade garments
- Scented sticks or Agarbattis and Pickles Paapads etc.
- Seeds trading
- Fertilizers trade
- Beauty parlour and cosmetics
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