The country’s largest lender, State Bank of India (SBI) launched a very special scheme for women on this International Women’s Day. The new scheme of SBI is a dedicated collateral-free low-interest rate loan offering for women entrepreneurs. On the eve of the Women’s Day, SBI launched this scheme called ‘SBI Asmita’. Moreover, the bank will offer low-interest rate funding alternatives to women under this scheme.
The launch comes at a time when TransUnion CIBIL reported that women tend to show less interest in taking business loans, instead preferring to borrow for personal or consumption purposes. According to the report, only 3% of the borrowings by women were for business purposes, a major of 42% were for personal finance products like personal loans, consumer durable loans, homeownership and 38% were against gold.
CS Setty, chairperson of SBI, the new product will provide faster and easier financing to women-led micro, small and medium enterprise units through a digital and self-initiated process. The bank’s MD Vinay Tonse labelled the scheme a blend of technological innovation and social engineering.
Additionally, the SBI also introduced the “Nari Shakti” platinum debit card, powered by RuPay, a card specifically designed for women. This scheme will cater the needs of women across various segments.
International Women’s Day
International Women’s Day is celebrated on March 8, every year. It’s a day to recognize and honor the important achievements of women around the world. Furthermore, this day is also a chance to raise awareness about the need for gender equality, which means giving men and women the same rights and opportunities.
Every year, there is a special theme for International Women’s Day, which focuses on current issues that are important to women’s rights and their empowerment. Likewise, empowerment means giving women the strength, confidence, and ability to make choices and control their own lives. Here are the several top government schemes for the women empowerment.
ALSO READ: International Women’s Day Special: Unlock the Best Government Schemes For Women Empowerment!
