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Arranging Finance for your Business or A Start up
No MSME unit can take off without monetary support. State Bank of India(India's largest bank) offer various loan schemes.
SME Products
Apart from the general working capital requirements (like Cash credit, Bill Discounting limits, LC, BG etc.) to meet the day to day requirements and term loans to take care of investment needs for acquiring fixed assets, Bank has an array of products/schemes to cater to the enterprise specific requirements of SME Units both in Manufacturing and Trade and services sectors. Brief details of some of the schemes are as under:
For Micro Enterprises and SSIs
SME Credit Card (Up to Rs.10 Lakh)
SME Smart Score (Up to Rs.50 Lakh)
For Startups
SBI SMILE (Interest Free Loan as equity)
Term Loans for SSIs
General Purpose Term Loan for SSI Sector (Up to Rs.50 Lakh)
Open Term Loan (Up to Rs.2.5 Cr)
Corporate Loan (Fro Rs.25 Lakh up to Rs.10 Cr)
Add Ons
SME Credit Plus
Standby Line of Credit for Working Capital
Rice Mill Plus
Dal Mill Plus
Collateral Free Loan
SME Collateral Free Loan
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For Traders
Traders Easy Loan
Flexi Loan for Trade and Services
For Doctors
Doctor Plus
For Schools & Institutes
School Plus
For Shop Owners
SBI Shoppe
SBI Shoppe Plus
For Restaurant owners
Finance to Restaurants
For Transport Operators
Transport Plus
For skill based businesses
Artisan Credit Card
For Vendors and Dealers: Supply Chain Finance
Electronic Vendor Finance Scheme
Electronic Dealer Finance Scheme
Loans to Women Entrepreneur
Stree Shakti Scheme
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Miscellaneous
Rent Plus
SME Construction Equipment Loan
SME Car Loan
SME Loan Products
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•SBI Power
•SAHAJ Current Account
•Surabhi Deposit Account
•B2B Payment Solution
•Power Jyoti Current Account
SME Liability and Transaction Products
For Micro Enterprises and SSIs
SME Credit Card (Up to Rs.10 Lakh)