Quick Summary
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 Financ
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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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