Stand-Up India Loan Scheme / स्टैंड अप भारत ऋण योजना

स्टैंड अप भारत ऋण योजना

Stand up India Loan Scheme is a new initiative by the Government of India for the schedule caste, backward tribes & women entrepreneurs. This scheme officially launched on 5 April 2016 by the Prime Minister Narendra Modi at Sector 62, Noida. It is basically a loan scheme to provide financial assistance to lower sections of the country. The stand-up India scheme also promotes entrepreneurship and employment among SC/ST and women. The objective of the StandUp India scheme is 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 a Greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman Entrepreneur. The financial aid is for the entrepreneurs to set up their business and also a RuPay debit card will be issued to them for withdrawal of money or capital for operations. The scheme will help in growing the economy of the country and people can benefit from it by utilizing these funds for establishing their ventures. The entrepreneurs can register online using the web portal for Stand-up India Loan Scheme

Benefits of Stand-Up India Loan Scheme:

Benefits of loan from 10 lakh to Rs. 1 crore
Benefits of loan to SC/ST and women entrepreneurs

What is Stand-Up India?

Stand Up India Loan Scheme facilitates bank loan between 10 lack and 1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be manufacturing, services or the trading sector. In case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur

Features of Stand-Up India Loan Scheme:

The Stand Up India aims to aid and back the Women and SC/ST entrepreneurs
The initiative intends to support 2.5 lakh borrowers
There will be relaxation of Income-tax for the start-ups for the first three years
A small application form needs to be filled for applying and also licensing process will also be automated soon
A fast-track roadmap will be set up and a dedicated website and application will be developed
Loan amount varying from 10 lakh to Rs. 1 crore will be sanctioned to the startups

Eligibility Criteria for Stand-Up India Loan Scheme:

Applicant must be an SC/ST or woman entrepreneurs
Applicant must be above 18 years of age
A loan under the scheme is available for the only greenfield project. Greenfield signifies, in this context, the first time venture of the beneficiary in the manufacturing or services or trading sector.
In case of nonindividual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur
Applicant should not be in default to any bank/financial institution

Documents required for Stand-Up India Loan Scheme:

Proof of identity such as Aadhaar card
Proof of residence
Proof of business Address
Pan card
Caste certificate for SC/ST category
Passport size photos
Bank account details
Assets & liabilities statement of promoters/guarantors
Latest income tax return
Rent Agreement (if business premises on rent)
Clearance certificate from pollution control board if applicable
Project report

Application procedure for Stand-Up India Loan Scheme:

Application for Stand Up India Loan Scheme can be made in three ways
- Apply online through web portal
- Directly at bank branch
- Through your Lead District Manager
Applicant apply online through https://www.standupmitra.in/ web portal
Just visit https://www.standupmitra.in/ and then click on apply
Once clicked https://www.standupmitra.in/Login/Register register yourself by answering few short questions
Once registered successfully just click on login https://www.standupmitra.in/Login
Now, Fill USERNAME and PASSWORD for login to the portal
Once login directly fill application form which would be forwarded to the loan centre and also directly to your chosen bank

Contact details:

For more information or any clarification, contact by email: support@standupmitra.in
help@standupmitra.in
National Helpline Toll free Number: 18001801111

References & details: