State Bank of India (SBI) announced the launch of no-guarantee loans with low interest rates for women entrepreneurs. This was unveiled on the eve of International Women’s Day under the product named ‘Asmita’. The aim of this product is to provide women with affordable financing options.
Key Highlights:
‘Asmita’ Product Launch
SBI introduced the ‘Asmita’ product, aimed at providing women with low-interest financing options.
Loans for Women Entrepreneurs
The new offering ensures that women entrepreneurs, especially those running micro, small, and medium enterprises, will have easy and quick access to loans without the need for any guarantees.
Chairman’s Statement
C S Shetty, Chairman of SBI, mentioned that this new offering would help women-led businesses by providing quick and easy access to loans.
Symbol of Technological Innovation and Social Equality
Vinay Tonse, Managing Director of SBI, referred to the new offering as a symbol of technological innovation and social equality.
‘Nari Shakti’ Platinum Debit Card
SBI also launched the ‘Nari Shakti’ platinum debit card, powered by RuPay, designed specifically for women. It is the first SBI debit card made from 100% recycled plastic and offers benefits across entertainment, shopping, travel, lifestyle, and insurance.