Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2010-02-16

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 entrepren

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.

Related opportunities
  • Courier & Delivery
    About Us: Health Care Adda is the brand new face of..
    Locations looking for expansion Madhya pradesh
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50000 - 2lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Furniture/Home Decor & Furnishing
    About Us: Launched in 2014, HomeLane India Private Limited offers end-to-end Home..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bengaluru Karnataka
  • Real Estate Sub
    About Us: Enter the world of premium International Real Estate Company. World..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • About Us: The Millennium School (TMS), a venture of Millennium Education..
    Locations looking for expansion New Delhi
    Establishment year 2013
    Franchising Launch Date 2015
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads