Stand Up India, Department of Financial Services, Ministry of Finance

About the Programme

Facilitates bank loans from INR 10 lakh to INR 1 crore to at least one SC/ST borrower and one-woman borrower per bank branch for setting up a greenfield enterprise in manufacturing, services, trading or activities allied to agriculture.

Apply/Know More

financialservices.gov.in

Benefits

• Bank loan from INR 10 lakh to INR 1 crore
• Covers manufacturing, services, trading and allied agricultural activities
• Composite loan for term loan and working capital, as per bank norms
• Margin money up to 15% of project cost, with minimum borrower contribution of 10%
• Credit guarantee support through the scheme guarantee corpus
• Hand-holding support through the portal and network agencies
• Online application facility

Eligibility

At least one SC/ST borrower and one-woman borrower per bank branch for a greenfield enterprise in manufacturing, services, trading or activities allied to agriculture.

Documents

• Completed application form or online application details
• Identity and address proof / KYC documents
• Relevant registration and beneficiary eligibility proof
• Udyam Registration and enterprise details
• Bank account details and loan/project proposal
• Financial statements or income-related documents, as required by the lender
• Any additional documents prescribed by the implementing agency or portal

FAQ

What is Stand-Up India Scheme? Stand-Up India Scheme is a support initiative designed for eligible beneficiaries and enterprises. Legacy composite bank loan of Rs.10 lakh to Rs.1 crore, up to 85% of project cost, with repayment up to 7 years and possible handholding. Current acceptance must be confirmed with the bank.
Who is eligible? Legacy criteria: woman or SC/ST entrepreneur aged 18+, setting up a greenfield manufacturing, service, trading or agriculture-allied enterprise. For entities, at least 51% ownership/control by eligible promoter.
What is the main benefit? Legacy composite bank loan of Rs.10 lakh to Rs.1 crore, up to 85% of project cost, with repayment up to 7 years and possible handholding. Current acceptance must be confirmed with the bank.
How can an applicant apply? Check current status with a Scheduled Commercial Bank and use https://www.standupmitra.in/ or JanSamarth. Do not assume the legacy terms remain open.

Beneficiary:

As mentioned above

Benefits:

Bank loans of INR 10 lakh to INR 1 crore for eligible greenfield enterprises, with composite term-loan and working-capital support.