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Old March 10th, 2016, 07:48 PM
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Default State Bank of India Entrepreneur Loan

Would you please give here detail about the Entrepreneur Loan Scheme of State Bank of India (SBI) ?
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Old March 11th, 2016, 11:14 AM
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Default Re: State Bank of India Entrepreneur Loan

State Bank of India offers financial assistance to trained , technically qualified, and experienced entrepreneurs .

Eligibility criteria for SBI Entrepreneur scheme:

Borrower has to be a technically qualified person .

Craftsman with adequate experience or training or a person possessing a degree in business or industrial management.

chartered accountant or a cost accountant with relevant experience.

Types of financial assistance:
Term loans,
Working capital and
Equity fund finance

Margins applicable:

For requirements up to Rs 5 lakh : No margins.

For requirements ranging from Rs 5 lakh to Rs 20 lakh : margin is set at 10 per cent.
Answered By StudyChaCha Member
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