SBI rolls out collateral-free loans for SMEs

SBI rolls out collateral-free loans for SMEs

SBI's loan aids to Small and Medium Enterprises

Thursday, February 02, 2012

BANGALORE, INDIA: The State Bank of India (SBI) has been playing a vital role in the development of small scale industries since 1956.The bank has financed over 8 lakhs SSI units in the country.

SBI finances for small business activities which are of special significance to a large number of people, as many of these activities can be started with relatively lower investment and with no special skills on the part of the entrepreneurs.

The bank provides several financing options for SSIs, including General Purpose Term loans, Liberalized credit for SSIs, Entrepreneur Scheme, Equity Fund Scheme and Stree Shakti Package.

Also read: Why invest vertically in an ERP?

Apart from the SSI loans, the bank also offers various other loans which assist small scale industries in their development and growth:

   1.SME Credit Plus
   2. Small Business Credit Card
   3.SME Petro Credit
   4.Charter for SSI
   5.SBI SME Collateral-free loan
   6.SME car loan scheme (new cars)
   7.SME Smart Score

For more information visit www.statebankofindia.com

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Devang Gandhi said on 5/20/2012 10:11:59 PM:
Dear Sir, i want to start a cosmetics mfg business, pl reply me about collateral free loan, i have require 20 lacs

to Devang Gandhi

Jayadev Nadipuri said on 5/17/2012 12:31:18 PM:
SBI has rejected my loan application,for my Business, for no reason. Putting false allegations. How cam we appriciate SBI

to Jayadev Nadipuri

jiten said on 5/14/2012 2:00:44 PM:
hii

to jiten

Jitendra Kumar Mittal said on 5/11/2012 10:41:26 AM:
I am Grey Cement Dealer of Choromandal Group sinch 28.06.2011 to 31.03.2012 My Sale is 55.00 Lacs

to Jitendra Kumar Mittal

Amitava Biswas said on 5/10/2012 7:01:31 PM:
Sir, We have a partnership business for Cellular Tower and Office Automation Products.We are Authorized Vendor for WTTIL & Ricoh India Ltd.We have been doing our Business last three years.Our Business is totally Sale & service related.To expand our business for stock and sell for after sell and service we want just 5 lac Collateral free loan from SBI.But all our banking transaction with UBI due to just behind our Office.Please give in details how we can get the loan. Thanks, Amitava Biawas.

to Amitava Biswas

s.gurusamy said on 5/3/2012 7:14:51 PM:
sir iwant to open sports garments i need 10 lakhs loan give me details my address pilyar kovil street, meetupatti seithur,rajapalyam(tkvirdhunagar( dist )my sbi current acc no 32117226577

to s.gurusamy

siddiramulu.swargam said on 5/3/2012 7:41:34 AM:
sir i want to open cothshowroom,in chegunta, my own building.i need 1 crore loan,please give me details my address: geethanjali bros nh7 main road, chegunta, dist:medak,ap-502255 my sbi ac no:11348650135

to siddiramulu.swargam

Reena Rani Das said on 5/2/2012 10:29:27 AM:
I want to establish a 3 mW , Solar power Plant , Pls guide me, regarding the project finance.

to Reena Rani Das

srihari said on 4/30/2012 10:51:29 AM:
small business lone SME

to srihari

Ashutosh Singh said on 4/22/2012 3:58:36 PM:
it is good that sbi launches colletral free loans for startingh ssi units,i just want to know that i want to start my brick field/klin business,so can i get a colletral free loan from sbi to start my project.my requirement is about 45 to 50 lacks....

to Ashutosh Singh

viji said on 3/30/2012 11:03:05 PM:
need loan for expanding my construction company.can i?

to viji

Rashmi Joshi said on 3/21/2012 8:06:15 PM:
I am interested to open up my new compony for which I require Rs. 25 lakhs. Please contact

to Rashmi Joshi