State Bank of India (SBI), the nation’s largest bank, has joined hands with Jagriti Yatra 2024, an inspiring 8,000-km, 15-day entrepreneurial journey that traverses India’s Tier 2 and Tier 3 cities. This initiative aims to support 500 young aspiring entrepreneurs by providing them with opportunities to explore innovative business ideas, receive expert mentorship, and gain practical experience. Through this partnership, SBI is driving its vision of a ‘Viksit Bharat’ (Developed India) by 2047, equipping young innovators with the skills and resources to foster sustainable economic growth and build a self-reliant nation.
SBI’s Commitment to Entrepreneurship
SBI has long been a champion of entrepreneurship, offering training and financial assistance across the country. The bank has established 152 Rural Self Employment Training Institutes (RSETIs), which focus on empowering rural youth by providing them with skills to create micro-enterprises.
- Impact of RSETIs: Over 11.5 lakh candidates have been trained to date, with 74% successfully securing self-employment opportunities.
- Support for Women Entrepreneurs: SBI leads the Self-Help Group (SHG) loan segment, with a portfolio exceeding ₹50,000 crore, benefiting over 1 crore women members.
In addition to SHG loans, SBI has disbursed more than ₹49,000 crore under the Mudra Loan Scheme and ₹1,550 crore under the PM SVANidhi Scheme during FY24, further reinforcing its commitment to fostering entrepreneurship at every level.
Vision for a Thriving Entrepreneurial Ecosystem
Reflecting on the partnership with Jagriti Yatra 2024, Shri Rana Ashutosh Kumar Singh, MD of SBI, stated:
“At SBI, we believe that entrepreneurship is the cornerstone of a self-reliant and progressive India. Our association with Jagriti Yatra underscores our commitment to nurturing young entrepreneurs who will drive innovation and economic growth. By fostering initiatives like this, we aim to build a thriving entrepreneurial ecosystem that contributes to sustainable development and prosperity for all.”
This collaboration highlights SBI’s dedication to creating a future where every aspiring entrepreneur has the tools, guidance, and support needed to succeed, shaping India’s path toward a stronger and more resilient economy.