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SMILE---The interest-free seed fund from SBI

February 16, 2010 | COMMENTS ( 8 )

SMILE---The interest-free seed fund from SBI

The State Bank of India’s new scheme SMILE might bring a smile to the face of entrepreneurs. Under the scheme the bank will provide interest-free seed capital of about Rs 10 lakh to aspiring entrepreneurs.

 

The scheme aims to benefit the small and medium enterprises (SMEs) of the nation, especially when the sector has not been able to raise enough funds during the financial crisis.

 

Presently, the loan amount given by the banks comprises 70-80 per cent of the project cost and is given only when the entrepreneur has enough capital to invest. But with the new scheme SBI will provide seed capital. There will not be any changes in loan terms and interest rates. Though there will be no interest charged on the seed capital and the amount can be repaid after repaying the loan.

Please add your comment

shyam bindal

May 08, 2013 at 10:07 pm

i want to grow my busienss and how i cna opne franchies

Reply  |  

SATISH CHANDRA

February 08, 2011 at 8:53 am

PLEASE GIVE DETAILs SBI FRANCHISEE & CUSTOMER SERVICE POINT VILL & POST-BUDHIPUR DISTT-BALRAMPUR [U.P.] PIN-271306 M.N. 9838436564

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shailendra kumar singh

November 22, 2010 at 6:36 am

who will get it and what is the process to get this loan contact member@franchiseindia.com

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puneet kr. mishra

June 21, 2010 at 11:40 am

plz tell me smile scheme in detail. thanxxxxxxxxx

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sujatha rani b c

June 09, 2010 at 8:10 am

a smile to women entrepreneurs.

Reply  |  

Jeevan Patil

June 08, 2010 at 12:32 pm

very nice 1

Reply  |  

vinod kumar

May 24, 2010 at 3:30 am

i would like to know about the 'SBIsmile'. Please inform to get a LOAN from your side. THANKING YOU VINOD KUMAR [9717781092] 169,TEKHAND OKHLA PH- 1 NEW DELHI-20.

Reply  |  

Binod Kumar Homagai

March 30, 2010 at 7:52 am

This is wat I need to grow my business.

Reply  |  

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