SMBL Nari Shakti Loan

Table of Contents

Shimanto Bank introduces SMBL Nari Shakti loan, a special loan scheme tailored for women entrepreneurs in rural areas. This initiative aims to empower rural women engaged in various small-scale businesses such as poultry farming, hatchery, fisheries, cattle farming, crop cultivation, vegetable farming, handicrafts, boutiques, garment shops, tailoring, beauty parlors, and other legitimate enterprises. The primary goal of this loan is to foster self-dependency among rural women by providing them with financial support.

SMBL Nari Shakti Loan Eligibility Criteria:

Any rural woman operating the aforementioned small businesses for a minimum of six months, within the age range of 22 to 50 years, is eligible to apply for the SMBL Nari Shakti loan.

Loan Amount:

The loan amount ranges from BDT 10,000.00 (ten thousand) to BDT 1,00,000.00 (one lac), catering to the diverse financial needs of women entrepreneurs.

SMBL Nari Shakti Loan Features:

Loan Processing Fee: Zero
Special Feature: A proprietary Debit Card will be issued against the account, free of charge, enabling ATM and POS transactions in addition to branch banking services.
Age Limit: 22 to 50 years.
Minimum Monthly Income: TK. 5,000/-

SMBL Nari Shakti Loan Required Documents:

Documents of Borrower:

Two copies of passport-sized color photographs.
Copy of National ID (NID).
Copy of Utility Bill.
Income Certificate of the borrower issued and validated by BM/RM/RO.
Copy of the deed of cultivated land or rental agreement of the shop (if applicable).
Bank statement for the last three months (if available).

Documents of Guarantor:

One copy of passport-sized color photograph of the guarantor.
National ID/Passport/Birth Registration Certificate of the guarantor (photocopy attested by Commissioner/Chairman/member).

Summary

SMBL Nari Shakti loan by Shimanto Bank serves as a significant initiative to support and uplift rural women entrepreneurs. By providing easy access to financial assistance, coupled with convenient banking facilities, this scheme aims to foster economic independence and empower women in rural communities.

Frequently Asked Questions (FAQs) about SMBL Nari Shakti Loan:

Q: Who is eligible to apply for the SMBL Nari Shakti loan?
A: Any rural woman engaged in small businesses such as poultry farming, fisheries, garment shops, etc., for a minimum of six months, and aged between 22 to 50 years is eligible to apply.

Q: What is the minimum and maximum loan amount available under SMBL Nari Shakti?
A: The loan amount ranges from TK. 10,000 to TK. 1,00,000, catering to the financial needs of women entrepreneurs.

Q: Is there any processing fee for the SMBL Nari Shakti loan?
A: No, there is no processing fee for this loan scheme.

Q: What is the special feature offered with the SMBL Nari Shakti loan?
A: Borrowers will receive a proprietary Debit Card free of charge, facilitating ATM and POS transactions, in addition to branch banking services.

Q: What documents are required for loan application?
A: Borrower needs to provide documents such as passport-sized photographs, copy of NID, utility bill, income certificate, and bank statements. If applicable, documents related to land deeds or rental agreements may also be required.

Q: Is there an age limit for applicants?
A: Yes, applicants must be between 22 to 50 years of age to qualify for the SMBL Nari Shakti loan.

Q: What is the minimum monthly income required to be eligible for this loan?
A: Applicants must have a minimum monthly income of TK. 5,000 to qualify for the loan.

Q: Are guarantors required for the SMBL Nari Shakti loan?
A: Yes, guarantors may be required, and they need to provide certain documents such as photographs, and proof of identity.

Q: Can women involved in businesses not mentioned in the list apply for the loan?
A: Yes, as long as the business is legitimate and falls within the category of small-scale enterprises, women engaged in various other businesses can apply for the SMBL Nari Shakti loan.