Karol Bagh | IAS GS Foundation Course | 29 May, 6 PM Call Us
This just in:

State PCS

Daily Updates

Important Facts For Prelims

Stand-Up India Scheme

  • 07 Apr 2023
  • 3 min read

Why in News?

Recently, the Prime Minister of India has acknowledged the role that the Stand-Up India initiative has played in empowering the SC/ ST communities and ensuring women empowerment.

What are the Key Details of the Stand-Up India Scheme?

  • About:
    • Stand up India Scheme was launched by Ministry of Finance on 5th April 2016 to promote entrepreneurship at grassroot level focusing on economic empowerment and job creation.
    • This scheme has been extended up to the year 2025.
  • Purpose:
    • Promote entrepreneurship amongst women, Scheduled Caste (SC) and Scheduled Tribe (ST) category.
    • Provide loans for greenfield enterprises in manufacturing, services or the trading sector and activities allied to agriculture.
    • Facilitate bank loans between Rs.10 lakh and Rs.100 lakh to at least one SC/ST borrower and at least one-woman borrower per bank branch of Scheduled Commercial Banks.
  • Facilitates Bank Loans:
    • The scheme aims to encourage all bank branches in extending loans. The desiring applicants can apply under the scheme:
      • Directly at the branch or,
      • Through Stand-Up India Portal (www.standupmitra.in) or,
      • Through the Lead District Manager (LDM).
  • Eligibility for a Loan:
    • SC/ST and/or women entrepreneurs, above 18 years of age.
    • Loans under the scheme are available for only green field projects. Green field signifies, in this context, the first-time venture of the beneficiary in manufacturing, services or the trading sector and activities allied to agriculture.
    • In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur.
    • Borrowers should not be in default to any bank/financial institution.
    • The Scheme envisages ‘up to 15%’ margin money which can be provided in convergence with eligible Central/State schemes.
      • In any case, the borrower shall be required to bring in a minimum of 10 % of the project cost as own contribution.
  • Achievements:
    • Rs.40,710 crore has been sanctioned under Stand-Up India Scheme to 180,636 accounts in the last 7 years.
      • More than 80% of loans given under this scheme have been provided to women.

Source: PIB

SMS Alerts
Share Page