Stand Up India Scheme Guidelines - Summary
The Stand-Up India Scheme offers crucial financial assistance through bank loans ranging from ₹10 lakh to ₹1 Crore. This important initiative is designed to support at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one woman borrower at every bank branch in establishing new greenfield enterprises. These enterprises can be involved in various sectors, including manufacturing, services, or trading. Remember, for any non-individual enterprises, it’s essential that at least 51% of the shareholding and controlling stake is owned by either an SC/ST or a woman entrepreneur.
Understanding the Stand-Up India Scheme
The Stand-Up India Scheme acknowledges the challenges faced by SC, ST, and women entrepreneurs when starting their businesses and obtaining necessary loans. The objective of this scheme is to foster a supportive environment that helps in not just establishing enterprises but also in ensuring their ongoing success. This beneficial initiative is accessible across all Scheduled Commercial Banks and can be utilized in three easy ways:
Ways to Access the Scheme
- Visit your nearest bank branch directly
- Access the Stand Up India portal at www.standupmitra.in
- Contact the Lead District Manager (LDM)
You can download the Stand Up India Scheme Guidelines in PDF format from the link provided below. Get all the details and instructions you need to benefit from this empowering scheme!