Stand Up India Scheme

The Government of India launched the ‘Stand Up India’ scheme to promote entrepreneurship among women and Scheduled Castes/Scheduled Tribes (SC/ST). It provides accessible bank loans for setting up new enterprises with large capital requirements.

🎯 Eligibility Criteria

• The applicant must be a woman (of any category) OR a male/female belonging to the SC/ST category.
• Age must be above 18 years.
• The business must be a Greenfield Project (a completely new enterprise in the manufacturing, services, or trading sectors).
• In the case of a non-individual enterprise (company), at least 51% of the shareholding and controlling stake must be held by an SC/ST or woman entrepreneur.

💰 Benefits & Subsidy

• Eligible entrepreneurs are provided with a composite bank loan (Working Capital + Term Loan) ranging from ₹10 Lakh to ₹1 Crore.
• The loan is backed by a credit guarantee through the Credit Guarantee Fund Scheme for Stand Up India (CGSSI).
• The scheme covers up to 85% of the project cost, provided the borrower brings in a minimum of 15% as margin money.

📋 Procedure & Required Documents

1. Online Application: You can apply directly online through the official portal at ‘standupmitra.in’.
2. Bank Visit: Applications can also be submitted directly at the nearest nationalized bank branch or through the Lead District Manager.
3. Documents: Detailed Project Report, proof of identity, caste certificate (if SC/ST), and necessary business licenses (e.g., Udyam Registration).

❓ Frequently Asked Questions (FAQs)

1. Can I get this loan to expand my existing business? No, the Stand Up India scheme is strictly limited to setting up new, first-time ventures (Greenfield Enterprises).

2. Is collateral required for this loan? Typically, banks may ask for collateral. However, if collateral is unavailable, the loan can be secured under the government’s ‘Credit Guarantee Fund’ meant for this scheme.

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