Stand-Up India Scheme
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Short Summary
The Stand-Up India Scheme is a government initiative launched by the Ministry of Finance to foster entrepreneurship among women and SC/ST individuals by facilitating bank loans for setting up new enterprises. The scheme encourages participation of underrepresented communities in the mainstream economy by giving them access to capital and handholding support.
Objective of the scheme
Empower SC/ST and women entrepreneurs. Promote job creation through greenfield enterprises. Ensure inclusive economic development by bringing marginalized groups into the entrepreneurial ecosystem.
Information about scheme
Scheme ID : SUI007
Launch Year : 2016
Last Date : Ongoing
Status : Active
Eligibility Criteria of the scheme
✔️ Be a woman entrepreneur or belong to Scheduled Caste (SC) or Scheduled Tribe (ST).
✔️ Be 18 years or older.
✔️ Be planning to start a greenfield enterprise (first-time business venture in manufacturing, trading, or service).
✔️ The applicant should not be in default with any bank or financial institution.
✔️ In the case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by an eligible SC/ST or woman entrepreneur.
Benefits Offered in the scheme
Loan Amount: ₹10 lakh to ₹1 crore.Type: Composite loan including both term loan and working capital.Purpose: To set up a new enterprise in manufacturing, services, or trading.Repayment Tenure: Up to 7 years, with a maximum moratorium of 18 months.No collateral required, as the scheme is covered under the Credit Guarantee Scheme.
Documnets requried for the scheme
adhaar CardPAN CardCaste Certificate (for SC/ST applicants)Business Plan / Project ReportBank Account DetailsProof of residenceKYC documents (as required by the bank)