Start-Up India Scheme

Stand-Up India

The Stand-Up India Scheme is a government initiative launched on April 5, 2016, to foster entrepreneurship among women and individuals from Scheduled Castes (SC) and Scheduled Tribes (ST) in India. The scheme facilitates bank loans ranging from ₹10 lakh to ₹1 crore for setting up new enterprises in manufacturing, services, trading, or activities allied to agriculture.

Key Features:-

Eligibility Criteria

Loan Amount: ₹10 lakh to ₹1 crore per borrower.
Purpose: Financing greenfield projects, which refer to the first-time ventures of the beneficiary in the manufacturing, services, trading sectors, or activities allied to agriculture.
Interest Rate: Determined by the bank, subject to a maximum of (Base Rate (MCLR) + 3% + Tenor Premium).
Repayment Tenure: Up to 7 years, with a maximum moratorium period of 18 months. In addition to primary security, the loan may be secured by collateral security or guarantee Fund Scheme for Stand-Up India Loans (CGFSIL).

Beneficiaries: SC/ST and/or women entrepreneurs, aged 18 years and above.

Business Type: Greenfield projects only.

Ownership: In the case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by SC/ST and/or women entrepreneurs.

Credit History: The applicant should not be in default to any bank or financial institution.

By providing financial assistance and support services, the Stand-Up India Scheme aims to empower SC/ST individuals and women entrepreneurs, promoting inclusive economic growth and job creation across the country.

Testimonials

What Our Clients Says

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