Stand Up India Scheme Guidelines
The objective of the Stand-Up India scheme is to facilitate bank loans between `10 lakh and 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. This enterprise may be in manufacturing, services, or the trading sector. In the case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.
The Stand-Up India scheme is based on recognition of the challenges faced by SC, ST and women entrepreneurs in setting up enterprises, obtaining loans and other support needed from time to time for succeeding in business. The scheme, therefore, endeavours to create an ecosystem which facilitates and continues to provide a supportive environment for doing business. The scheme, which covers all branches of Scheduled Commercial Banks, will be accessed in three potential ways:
• Directly at the branch
• Through Stand Up India portal (www.standupmitra.in) or
• Through the Lead District Manager (LDM)
You can download the Stand Up India Scheme Guidelines in PDF format online from the link provided below or alternative link.
