Stand Up India Scheme
Stand Up India Scheme facilitate bank loans between 10 lakh and 1 crore to at least one scheduled caste (SC) or Scheduled Tribe, borrower and at least one women per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur
- SC/ST and/or women entrepreneurs; above 18 years of age
- Loans under the scheme is available for only greenfield project. Greenfield signifies, in this context, the first time venture of the beneficiary in the manufacturing or services or trading sector
- In case of non-individual enterprises,51% of the shareholding and controlling stakes should be held by either SC/ST and/or Women Entrepreneur
- Borrower should not be in default to any bank or financial institution
Beneficiary:
SC/ST or Woman
Benefits:
Stand Up India scheme caters to promoting entrepreneurship amongst women, SC & ST category i.e those sections of the population facing significant hurdles due to lack of advice/mentorship as well as inadequate and delayed credit. The scheme intends to leverage the institutional credit structure to reach out to these underserved sectors of the population in starting greenfield enterprises. It caters to both ready and trainee borrowers. To extend collateral free coverage, Government of India has set up the Credit Guarantee Fund for Stand Up India (CGFSI). Apart from providing credit facility, Stand Up India Scheme also envisages extending handholding support to the potential borrowers ....
How To Apply
Procedure to Apply Online
The scheme which covers all branches of Scheduled Commercial Banks, will be accessed in three potential ways:
Directly at a Bank Branch
Through SIDBI Stand-Up India Portal (www.standupmitra.in)
Through the Lead District Manager