On International Women’s Day 2025, the State Bank of India (SBI) introduced ‘SBI Asmita’, a digital SME loan that requires no collateral and is tailored for women entrepreneurs. This initiative is designed to make it easier for women-led MSMEs to access financing through a straightforward digital process. Furthermore, SBI launched the ‘Nari Shakti’ platinum debit card, which is specifically created for women and offers various benefits across different categories.
Key Highlights of SBI’s Initiatives
- SBI Asmita – Digital SME Loan for Women Entrepreneurs
- This is a collateral-free SME loan aimed at supporting women entrepreneurs.
- It utilizes a comprehensive API ecosystem for digital lending and automated data verification.
- There’s no need for physical documentation, as it gathers data from GSTIN, bank statements, and credit information companies (CICs).
- Loan approval is determined by the financial needs of the business and an assessment of its operations.
- As a special feature, top-performing women entrepreneurs from the SBI Asmita program will be offered training in entrepreneurship and management.
‘Nari Shakti’ Platinum Debit Card
- Eco-friendly RuPay-powered card made from 100% recycled plastic.
- Offers benefits in entertainment, shopping, travel, lifestyle, insurance, and more.
- Aims to enhance financial inclusion for women and promote green banking initiatives.
