Guidelines for Stand Up India Scheme - Summary
Guidelines for Stand Up India Scheme
The Stand-Up India scheme is a significant initiative designed to provide essential support to entrepreneurs. It facilitates bank loans ranging from ₹10 lakh to ₹1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.
How to Apply for Stand Up India Loan
Every eligible candidate can easily apply for the Stand Up India loan online through the official Stand Up India website at standupmitra.in or through SBI bank.
Additionally, interested applicants can reach out to the Lead District Manager for further assistance.
Eligibility Criteria for Stand Up India Scheme
- Must be SC/ST and/or women entrepreneurs, aged above 18 years.
- Loans under this scheme are available only for greenfield projects, meaning it can be the first venture for the beneficiary in the manufacturing, services, or trading sector.
- In the case of non-individual enterprises, at least 51% of the shareholding and controlling stake must be owned by SC/ST and/or women entrepreneurs.
- The borrower should not be in default with any bank or financial institution.
Download the complete detailed Stand Up India Guidelines PDF using the link below. Don’t miss the chance to empower your entrepreneurial journey with this easy-to-follow guide! 📄
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