SBI Asmita

Disclaimer….before you read ahead!

The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.

Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this article.

About this scheme…

SBI Asmita, a collateral free low interest loan offering exclusively for women entrepreneurs, was launched on March 7, 2025 by State Bank of India (SBI) to boost their business borrowings.

How is it being implemented?

Under this Scheme, direct financial assistance in the form of loans is given exclusively to,

Women Entrepreneurs running Micro, Small or Medium Enterprises (MSMEs) in Manufacturing, Trading or Services Sector

Current MSME classification (and not the one proposed under Budget 2025) is being considered in this Scheme. For more information around this, please contact SBI via means mentioned below

What is on offer?

I. Product

Term Loan, Working Capital Facility (fund based – cash credit, overdraft; non fund based)
Ticket Size: ₹10 Lakhs to ₹5 Crores
- Green Field Units or Projects: ₹1 Crore to ₹5 Crores
- Brownfield Field Units or Projects: ₹10 Lakhs to ₹5 Crores
SBI also provides add-on with this Scheme. For details, please contact SBI via means mentioned below

II. Purpose:

Acquisition of or investment in fixed assets
Working capital requirements

III. Borrower Type:

Sole Proprietorship, Partnership, Limited Liability Partnership (LLP), Private Limited Company, Closely held Public Limited Company

IV. Security or Collateral or Guarantee or Insurance

Security: Hypothecation of Stocks, Machinery, Movable Assets created out of Bank’s finance under this Scheme
Collateral: Nil as covered under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
- CGTMSE fee to be borne by the borrower
Guarantee: Personal Guarantee required of Proprietor or Partners or all Promoters’ Directors, as the case may be
Insurance: For more information around this, please contact SBI via means mentioned below

V. Interest Rate

Linked to External Benchmark Rate (EBR) which is Repo Rate + 2.65%
Current EBR is 8.90% (Select EBR on the Left while scrolling down on this link)

VI. Processing Fee

For more information on this, please contact SBI via means mentioned below

VII. Margin Money Requirement

For more information on this, please contact SBI via means mentioned below

VIII. Tenure, Repayments & Pre-Closures

Tenure
- Term Loan, Dropline OD: Up to 7 years including moratorium not exceeding 6 months. Annual review to be done for all loans
- Cash Credit: Repayable on demand. Loan to be renewed every year

Repayments

- Term Loan, Dropline OD: Principal Equally Distributed, Negotiated Repayment for Term Loan and Monthly Reducing DP for Dropline OD
- Cash Credit: Repayable on demand
Pre-payment & Foreclosure Charges: Pre-payment allowed without any pre-payment penalty

IX. Turnaround Time

Timeline for communicating credit decision:
- Loans up to ₹50 Lakhs: 14 days
- Loans above ₹50 Lakhs to ₹5 Crores: 22 days

Interested? Read ahead to check your eligibility….

I. Is yours a business registered as MSME with a valid Udyam Registration Certificate or Udyam Assist Certificate?

II.

Do you own & run your business individually or along with other women?

In case of Partnership or Private Limited Company or closely held Public Limited Company, do women as Partners or Shareholders, as applicable, own more than 50% shares?

If your answers to the questions above are an emphatic YES, you are all set to loan under SBI Asmita!