ANJUMAN POLYTECHNIC

SADAR, NAGPUR
2021-22

CIVIL ENGINEERING DEPARTEMENT

SUBJECT: ENTREPRENEURSHIP DEVELOPMENT (22032)
TOPIC: STUDY SCHEMES FOR ENTREPRENEURSHIP
PROMOTION OF ANY BANK
YEAR: 3RD SEMESTER: 6TH

GUIDED BY: SUBMITTED BY:

MR. S.S LALANI ANKIT PASHINE (47)
 INTRODUCTION ABOUT
ENTREPRENEURSHIP
Entrepreneurship is the art of starting a business,
basically a startup company offering creative product,
process or service. We can say that it is an activity full
of creativity. An entrepreneur perceives everything as a
chance and displays bias in taking decision to exploit the
chance.

An entrepreneur is a creator or a designer who designs

new ideas and business processes according to the
market requirements and his/her own passion. To be a
successful entrepreneur, it is very important to have
managerial skill and strong team building abilities.
Leadership attributes are a sign of successful
entrepreneurs. Some political economists regard
leadership, management ability, and team building skills
to be the essential qualities of an entrepreneur.
 SBI SCHEMES FOR
ENTREPRENEURSHIP PROMOTION

FOR MANUFACTURERS

1. SBI ASSET-BACKED LOAN

SBI asset-backed loan is basically a business loan that
you can avail against mortgage of a property. It is a
hassle-free loan. Business units that are engaged in
manufacturing, trading and service industry can apply for
this loan.

SBI provides up to Rupees 20 Crore loan under this

scheme. An entrepreneur can apply for the loan as
working capital, for purchasing fixed assets, capacity
expansion, technology upgradations, etc.

2. RICE MILL PLUS

SBI offers the Rice Mill Plus scheme for promoting rice
mill business in India. Both an existing entrepreneur and
a new entrepreneur can apply under this scheme.

Any rice mill unit engaged in the activity of rice milling

and having a credit rating of SB-9 and above as per the
bank’s risk assessment condition can apply for this loan.

3. DAL MILL PLUS

Basically, the bank offers this loan for the dal mill
owners. The units engaged in the activity of dal milling
and having a credit rating of SB-9 and above for this
loan. However, you must have a profit-making unit.
Under this scheme, the bank provides both term loan and
working capital assistance.
4. COTTON GINNING PLUS

For promoting cotton milling business in India, SBI

offers this particular loan scheme. Basically, the units
engaged in cotton milling can only apply for this SBI
SME loan. Generally, the bank demands 25 to 40%
margin money from the borrowers.

5. CORPORATE LOAN

Existing and new companies/partnership/proprietor

firms engaged in manufacturing activity can apply for
this loan. This is purely a term loan scheme. However,
you have to apply for a minimum amount of Rupees 25
Lakh. For non-corporate clients, the maximum loan
amount limit is 10 Crores. However, there is no upper
limit for corporate companies.

6. SME OPEN TERM LOAN

First of all, all units under the manufacturing sector can

apply for this SBI SME loan. Additionally, service
providing companies are also eligible for applying for
this loan. The bank provides assistance to Educational
Institution, Healthcare Industry (Hospital, Doctors,
Pathological Labs, and Nursing Home), Hospitality
Industry (Hotels, Restaurants, and Health Club, etc), and
Transport Operators.

FOR TRADERS
7. WAREHOUSE RECEIPT FINANCING

Any trader dealing with commodities can apply for this

SBI SME loan. Under this scheme, the bank provides
two different types of loans. These are demand loans and
cash credit. However, the bank charges a floating interest
rate that is linked to Base Rate.

8. STREE SHAKTI SCHEME

Stree Shakti scheme is only for women entrepreneurs.

Under this scheme, the bank provides financial
assistance to the women entrepreneurs in retail trade,
business enterprises, professionals and self-employed
like Doctors, Beauty Parlour operators, etc. Additionally,
women operated small-scale units or tiny units are also
eligible for this loan.

9. SBI ESMART SME ECOMMERCE LOAN

This is one of the latest SBI SME loan schemes for the
e-Commerce sellers. SBI launched the scheme in 2016.
Here, the sellers can apply for the loan online and get an
immediate sanction – thereby enabling “loans at the click
of a button”. The product is launched in partnership with
the well-known e-Commerce platform Snapdeal.

10. PRADHAN MANTRI MUDRA YOJNA

Mudra stands for Micro-Units Development and

Refinance Agency Ltd. Mudra bank loan initiative has
been taken to provide low-cost funding for MFI (Micro
Finance Institutes). State Bank of India provides
financial assistance under this scheme. Simply with the
vision of – ‘Funding the Unfunded’. Small organizations,
companies, startup entrepreneurs of micro-units in India
face a lack of formal financial support in starting or
growing stage of their small businesses.

11. SME CREDIT CARD

To meet any kind of credit requirements including the

purchase of shops, equipment the bank provides financial
assistance under this scheme. You can apply both a term
loan or cash credit under this SBI SME loan scheme.
Basically, small industrial units, small retail traders,
professionals &self-employed, small business
enterprises, and transport operators can apply for the
loan.

FOR SERVICE PROVIDERS & SELF

EMPLOYED PROFESSIONALS

12. SBI FLEET FINANCE SCHEME

The transport operators owning fleets of commercial

vehicles like Trucks, Trailers, Tankers, buses, etc. can
apply for this loan. This is a term loan scheme. One can
apply up to a maximum limit of Rupees 10 Crore.
Generally, the bank provides a maximum repayment
period of 66 months to the borrowers.

13. DOCTOR PLUS

Basically, Doctor Plus is a very effective SBI SME loan

scheme in the healthcare industry. Medical practitioners
of any discipline, promoters of hospitals, nursing
homes, pathological clinics, polyclinics, X-ray labs, etc.
can apply for this loan. The bank provides both the term
loan and cash credit facility under this scheme.

14. RENT PLUS

Rent plus is absolutely a term loan facility for business

owners in India. You can apply for a minimum loan
amount of Rupees 50000 and a maximum amount of
Rupees 10 Crore. However, the bank charges margin
money of 40% on the loan amount. Individuals,
partnership firms, and large corporates can apply for this
loan.
15. SBI SHOPPE

Present and prospective owners of shops, offices,

showrooms, training centers, service centers, garages,
offices for Chartered Accountants and consultants can
apply for this loan. However, the bank provides the
maximum loan amount of Rupees 20 Lakh. The interest
is floating and linked to the Base Rate.

India’s largest bank, State Bank of India (SBI), has been

a pioneer in digital banking. And the bank is constantly
upgrading the services under the effective leadership of
Arundhati Bhattacharya, ChairWoman of SBI.

Currently, SBI has about one million MSME customers

with a loan book of around Rs.1,80,000 crore. Hence, it
makes the bank a definite choice of the SME sectors in
India. We hope, the present article with a list of 15 SBI
SME loan schemes in India, will help you in getting the
required financial assistance in your business.