SBI Launches 'SBI Asmita' and 'Nari Shakti' Platinum Debit Card for Women Entrepreneurs on International Women's Day 2025
| Summary/Static | Details |
|---|---|
| Why in the news? | SBI launched 'SBI Asmita', a collateral-free digital SME loan for women entrepreneurs, and introduced the 'Nari Shakti' platinum debit card on International Women's Day 2025. |
| SBI Asmita (SME Loan) | <ul><li>Collateral-free digital loan exclusively for women entrepreneurs.</li><li>Uses API ecosystem for digital lending and automated data verification.</li><li>No physical documentation required; data fetched from GSTIN, bank statements, and CICs.</li><li>Loan sanction based on firm's financial needs and business assessment.</li><li>Top-performing borrowers receive entrepreneurial and management training.</li></ul> |
| 'Nari Shakti' Platinum Debit Card | <ul><li>Eco-friendly RuPay-powered card made from 100% recycled plastic.</li><li>Offers benefits in entertainment, shopping, travel, lifestyle, insurance, etc.</li><li>Aims to enhance financial inclusion and promote green banking initiatives.</li></ul> |