Stand-Up India
Department of Financial Services
Stand-Up India helps SC/ST and women entrepreneurs get bank loans to start a new business for the first time.
Objectives
The Scheme aims to finance Scheduled Caste (SC)/ Scheduled Tribe (ST) and/or women entrepreneurs by facilitating bank loans for setting up a greenfield project enterprise in manufacturing, services, trading sector and activities allied to agriculture. The objective is to facilitate bank loans between ₹10 lakh and ₹1 crore to at least one SC or ST entrepreneur and at least one-woman entrepreneur per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services, agri-allied activities or the trading sector.
Who can apply?
- Applicant must be from the SC/ST category or a woman, above 18 years of age. Finance is provided only for greenfield enterprises.
What do you get?
- Eligible applicants are provided composite loan (inclusive of term loan and working capital) above ₹10 lakh and up to ₹1 crore.
- The loan is repayable in 7 years with a maximum moratorium period of 18 months.
How to apply
The Stand-Up India Scheme was launched on 05.04.2016 and was valid/operational till March 2025.