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SBI’s Entrepreneur Scheme: Get Loans to start your Project

Entrepreneur Scheme

State Bank of India is the biggest bank of India and since its inception the entrepreneurs have been focus of this bank. Entrepreneur Scheme is such a scheme which provided loans to technically qualified, trained and experienced entrepreneurs for setting up new viable industrial projects.

Loans under this scheme are extended to technocrats who are unable to meet the margin money requirements under the new liberalized schemes. Perhaps, this scheme is not for setting up projects rather loans are distributed to encourage entrepreneurs to set up industries.

Financial Assistance

  • SBI provides three types of financial assistance: a) Term Loans, b) Working Capital and c) Equity Fund Finance.
  • For loans up to 5 Lakh, the loan seekers don’t have to contribute margin money.
  • For loans more than 5 Lakh and less than 20 Lakh, they have to contribute 10% as margin money.

Eligibility

  • The loan seeker should have a technical degree: a degree or diploma holder in engineering or technology.
  • Degree in business and industrial management.
  • A craftsman with considerable experience or adequate training.
  • Chartered accountant or a cost accountant with relevant experience.

To apply for this scheme, visit your nearest SBI branch.

For assistance, Contact Us.

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7 comments

  1. i want to know about this scheme, and how i can get the assistance for this.

  2. I m fashion designer nd alwys active in my field nw wants to start my own project .in my project I want to start earning for myself by giving learning oppertunities to girls.its my dream to give 100 girls job through my project just to celebearte my daughters bdy.pls guide me how I cn get loan for my project where I wll create range of reasonable uniform for school kids .reasoanable garments for ppl ….I m hvg 15 yrs experience in fashion as well as education field.pls guide me so dat I can move ahead.
    With regards
    Jyoti kapur

  3. I have completed Diploma in fashion journalism from NIFT Kolkata …but iam not able to apply..

  4. Sir,

    I am a diploma holder in civil Engineering
    . And since from 6.5 years i am working in a MNC.
    Now i am interested to be an entrepreneur.

    So please give me suggestion for getting loan in this scheme.

  5. Jagit Singh langeh

    How I get loan… I have professional degree certificate

  6. Hi

    I am Nitin from Bengaluru. I have about 17 years of experience in IT Industry. I would like to be an entrepreneur now by providing a helping hand in digital India projects by Govt of India.

    I can do anything in internet field. Please let me know how I can apply for digital India projects and how can I get working capital loans from SBI.

    Thanks and regards
    Nitin

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