State Bank of India (SBI) on 15 April 2014 launched a financing scheme for women fashion boutique owners. SBI is the largest lender of India. The scheme is known as Boutique Financing.
The scheme aimed to offer working capital expenses to generate more working opportunities for women. The scheme will also help the women through loans. Women owner would get overdraft facilities.
SBI aimed to boost the growth potential of the segment. It would give loans at a concessional interest rate and the maximum loan to be made available would be 50 lakh rupees for a period of seven years.
When: 15 April 2014