State Bank of Mysore

Trusted Service

Small and Medium Enterprises (SMEs)

Stree Shakthi package for Women entrepreneurs
Women Entrepreneurs comprise those Small Scale Units managed by one or more women entrepreneurs who have stake not less than 51% of the equity.

The important features of the package are:
The entrepreneurs who have undergone EDP conducted by State level Agencies or programmes  co-sponsored/sponsored by Bank are eligible for financial  assistance
Branch Manager and the field Staff will provide necessary inputs and assistance to those women who do not plan to set up ful-fledged industrial ventures but would like to do something at home

Concession in Margin :
Retail Traders

CategoryLimit Slab in Rs.
Margin concession
Over Rs. 5000/- upto Rs. 25000/-
NIL
Over Rs. 25000/- upto Rs. 1.00 lac
5%

Business Enterprises

Category Limit Slab in Rs.
Margin concession
upto Rs. 25000/-
NIL
Over Rs. 25000/- upto Rs. 1.00 lac
5%

Professionals & Self-employed women

Category Limit Slab in Rs.
Margin concession
upto Rs. 25000/-
NIL
Over Rs. 25000/-
5%

SSI

Category Limit Slab in Rs.
Margin concession
upto Rs. 25000/-
NIL
Above Rs. 25000/-
5%

Interest concessions

  • No interest concession in respect of SSI units enjoying credit limits over Rs.25000/- but up to Rs.2 lacs
  • Above Rs.2 lacs and up to Rs.50 lacs, interest rate lower by 0.50% than the applicable rate
  • For Small Business enterprises under the scheme, interest rate lower by 0.50% than the applicable rate
  • For advances  to professionals and self employed persons interest rate lower by 0.50% than the applicable rate
  • No interest concession to advances granted to private retail traders

MyBank Sanchari Suvidha- Finance to Hotels, Restaurants and Lodges
Eligibility

Individuals/ Partnership/ Company   

Purpose
For establishment / Extension / Alteration / Renovation of Hotels, Restaurants and lodges. The loans for construction will be considered, provided the land is in the name of proprietor / partners / company

  • Furnishing/Flooring/Tiling/Painting
  • Wood work/Interior decoration/Sanitary work
  • Air conditioning/Air cooling equipment
  • Purchase of fittings, generator, furniture, fixtures and curtains
  • Purchase of electrical gadgets and utensils, TV, water coolers, geysers etc.,

Extent of Finance
Need  based, with a maximum of Rs.20 lacs  

Type of Loan
Composite Term Loan

Repayment Period
5 to 7 years, including moratorium period of 6 months

Interest Rate
As per prevailing rates 

Margin
33% for construction, interior decoration, wood work

Other purpose – 25%

Primary Security
Hypothecation of assets such as furniture, fixtures and other equipments created out of Bank Finance

 Collateral Security
Equitable Mortgage of immovable property. The value of such Collaterals offered should be 1.5 times the loan amount

The scheme is initially implemented in few selected Branches


Annapurna- Scheme for financing Women for establishing Food Catering Units
Eligibility
Women (both individual and  Partnership firms)

Purpose
For  establishing food Catering Unit for selling tiffin/food/lunch packs etc.,

Extent of Finance
Maximum loan of Rs.50000/-

Type of loan
Composite Term Loan (Working Capital portion will be within 50% of CTL)

Purpose of loan
Term Loan component can be used for purchase of utensils and cutlery, gas connection, Refrigerator, Mixer cum Grinder, Hot case, Utensil stand, Tiffin boxes, Working table, Water filter etc

Repayment
Upto 36 monthly instalments including one month moratorium period.

Margin
10%

Rate of Interest
As per prevailing rates

Security
Hypothecation of assets created out of Bank Loan

Guarantee
One guarantor (with sufficient means) acceptable to the Bank


Contact your nearest Branch of State Bank of Mysore or
Chief Manager
State Bank of Mysore
Small and Medium Enterprises Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901extn.377
Fax: 91 80 22353458
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
 
You are here: Home Advances Micro and Small Enterprises (MSEs) Stree Shakthi package for Women entrepreneurs

State Bank of Mysore,
H .O.: K.G.Road,
Bangalore - 560254, INDIA.
Phone (EPABX): 91 80 22353901 (30 lines of PRI)
Fax: 91 80 22283684

Download Application Form

 Application Form