Stand-Up India

**Stand-Up India** is a scheme that aims to facilitate bank loans between ₹10 lakh and ₹1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up greenfield enterprises. **Key Objectives**: - Promote entrepreneurship among SC/ST and women - Enable economic participation of SC/ST and women entrepreneurs - Facilitate credit flow for startups and greenfield enterprises

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Steps to Apply

1Register on the Stand-Up India portal
2Submit business proposal/plan
3Upload required documents
4Select preferred bank branch
5Track application status online

Eligibility

SC/ST and/or woman entrepreneurs
Above 18 years of age
For greenfield projects only
Borrower should not be in default to any bank/financial institution

Benefits

Composite loan between ₹10 lakh and ₹1 crore
Coverage of both manufacturing and services sector
Training and support for project preparation
Handholding support
No collateral required for loans up to ₹10 lakhs

Requirements

Identity proof
Address proof
Caste certificate (for SC/ST)
Business plan
Project report

Frequently Asked Questions

What is the maximum loan amount under Stand-Up India?

The maximum loan amount is ₹1 crore.

Is collateral security mandatory?

No collateral is required for loans up to ₹10 lakhs under CGTMSE coverage.

Can a non-SC/ST individual apply for Stand-Up India?

No, only SC/ST and woman entrepreneurs are eligible for this scheme.

What happens if I default on my loan?

In case of default, the applicant will not be eligible for future loans under Stand-Up India.

Disclaimer

The information provided here is based on publicly available resources. We strive to keep it up to date, but it is always advisable to consult official documentation or contact the relevant authorities to verify the details before making any decisions or taking action.

We are not liable for any discrepancies, damages, or consequences that may arise from the use of this information. Additionally, we do not take responsibility for any SMSD (Short Message Service Delivery) issues or related concerns that may arise from our services.

More About This Scheme

Stand-Up India has been instrumental in promoting entrepreneurship among SC/ST and women entrepreneurs. The scheme provides comprehensive support including financial assistance and mentorship.