State Bank Of India

State Bank of India (SBI) has signed memorandum of understanding (MoU) with the Rural Development Ministry to facilitate enterprise financing for rural self-help groups (SHG). SBI introduced a specialised financial product Svyam Siddha, exclusively tailored for SHG women entrepreneurs seeking loans up to Rs 5 lakh. This initiative is designed to alleviate the challenges associated with extensive documentation requirements for bank loan applications and reduce the turnaround time (TAT).  

State Bank of India is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.