Over 1,10,019 loans extended since launch of 'Stand up India' scheme since its inception

Last updated: 09 March 2021

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The 'Stand Up India' scheme has successfully facilitated over 1,10,019 loans as of January 31, 2021. Launched on April 5, 2016, and extended until 2025, the initiative provides bank loans ranging from Rs. 10 lakh to Rs. 1 crore. These loans are aimed at supporting Scheduled Caste/Scheduled Tribe individuals and women entrepreneurs in setting up or expanding greenfield enterprises across manufacturing, services, and trading sectors.

Over 1,10,019 loans have been extended since the launch of ‘Stand up India’ scheme as on 31.01.2021 since its inception and beneficiaries can get a loan of Rs. 10 lakh to Rs. 1 crore to start or increase their business.

This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.

Stand Up India Scheme: Over 1 Lakh Loans Approved

Giving more details, the Minister stated that Stand Up India Scheme was launched by the Government on 5^th April, 2016 and subsequently extended up to the year 2025. The Scheme facilitates bank loans between Rs. 10 lakh and Rs. 1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower, per bank branch of Scheduled Commercial Banks (SCBs), for setting up greenfield enterprises in the manufacturing, services or the trading sectors.

FAQ :

As of January 31, 2021, over 1,10,019 loans have been extended under the Stand Up India scheme.

The Stand Up India scheme was launched by the Government on April 5, 2016.

The scheme was launched in 2016 and has been extended up to the year 2025.

Beneficiaries can get a loan ranging from Rs. 10 lakh to Rs. 1 crore.

The scheme facilitates bank loans for at least one Scheduled Caste/Scheduled Tribe borrower and at least one woman borrower, per bank branch.

The scheme supports setting up greenfield enterprises in the manufacturing, services, or trading sectors.

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