New Delhi: The country’s largest lender State Bank of India (SBI) has launched a very special scheme for women on this International Women’s Day 2025. SBI’s new scheme is a dedicated collateral free low interest rate loan offering for women entrepreneurs.
On the occasion of Women’s Day 2025, SBI launched this scheme named ‘SBI Asmita’. Apart from this, the bank will provide low-interest rate financing options to women under this scheme.
The launch comes at a time when TransUnion CIBIL reported that women show less interest in taking business loans. Instead, they prefer to borrow for personal or consumption purposes. According to the report, only 3 per cent of loans taken by women were for business purposes, of which 42 per cent were for personal finance products such as personal loans, consumer durable loans, homeownership and 38 per cent were taken against gold.
SBI Chairperson CS Setty said that this new scheme will provide fast and easy financing to women-led micro, small and medium enterprise units through a digital and self-initiated process. Bank MD Vinay Tonse described the scheme as a mix of technological innovation and social engineering.
Apart from this, SBI also introduced Nari Shakti Platinum Debit Card powered by RuPay, which is a card specially designed for women. This scheme will meet the needs of women in different areas.
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