Guidelines for Stand Up India Scheme
Guidelines for Stand Up India Scheme
The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore 6) 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.
Apply for Stand Up India Loan
Every candidate who is eligible for the scheme can apply online directly through the official website of Stand Up India at standupmitra.in or through the SBI bank.
Applicants can also apply through the Lead District Manager.
Eligibility for Stand Up India Scheme
- 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 benefeciary 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
Download the complete detailed Stand Up India Guidelines PDF using the below link.
