Stand Up India Scheme
Bank loans between ₹10 lakh and ₹1 crore for SC/ST and women entrepreneurs to set up a greenfield enterprise.
Overview
Stand Up India facilitates bank loans to Scheduled Caste, Scheduled Tribe and women entrepreneurs.
Loans are for setting up a greenfield (first-time) enterprise in manufacturing, services, trading or the agri-allied sector.
Each bank branch is expected to support at least one SC/ST and one woman borrower.
Eligibility Criteria
- SC/ST and/or women entrepreneurs above 18 years of age.
- For non-individual enterprises, at least 51% shareholding must be held by an SC/ST or woman entrepreneur.
- The enterprise must be greenfield and the borrower should not be in default with any bank.
Key Benefits
- Composite loans between ₹10 lakh and ₹1 crore covering term loan and working capital.
- Loans cover up to 85% of the project cost.
- Hand-holding support, and a RuPay debit card for the working-capital limit.
Required Documents
How to Apply
- 1Register on the Stand Up India portal and complete your borrower profile.
- 2Choose the level of hand-holding support you need.
- 3Apply to a scheduled commercial bank branch directly or through the portal.
- 4The bank appraises the proposal and sanctions the loan.
Important Dates
| Scheme launched | April 2016 |
|---|---|
| Loan range | ₹10 lakh – ₹1 crore |
Frequently Asked Questions
Common questions about Stand Up India.
SC/ST and women entrepreneurs above 18 setting up a first-time (greenfield) enterprise can apply for loans between ₹10 lakh and ₹1 crore.
A greenfield enterprise is a new venture being set up for the first time by the borrower in manufacturing, services, trading or the agri-allied sector.
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