Quick Summary
More than Rs 25,586 crore sanctioned to over 1,14,322 accounts by the Government under Stand-Up India Scheme in 5 years India is growing rapidly. Hopes, Aspirations and Expectations are rising. There is a large group of potential entrepreneurs particularly women and Scheduled Caste (SC), Scheduled Tribes (ST) who want to set up an enterprise of their own, which allows them to grow and thrive. Such entrepreneurs are spread across country and are bubbling with ideas on what they can do for them
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FAQ :
The Stand Up India Scheme is a government initiative launched on 5th April 2016 to promote entrepreneurship at the grassroots level, focusing on economic empowerment and job creation, especially for women, Scheduled Castes (SC), and Scheduled Tribes (ST).
As of 23rd March 2021, over Rs. 25,586 crore has been sanctioned under the Stand Up India Scheme.
More than 114,322 accounts have benefited from the Stand Up India Scheme.
Eligibility includes SC/ST and/or women entrepreneurs above 18 years of age. Loans are for greenfield projects, and in non-individual enterprises, 51% shareholding must be by SC/ST and/or women entrepreneurs. Borrowers must not be in default to any bank/financial institution.
The scheme supports greenfield enterprises in manufacturing, services, trading sectors, and activities allied to agriculture.
The scheme was launched on 5th April 2016 and has been extended up to the year 2025.
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