Stand Up India Scheme
Government of India
Stand Up India Scheme
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The Stand Up India Scheme is here to support SC/ST and women entrepreneurs by making it easier to get business loans for new ventures in areas like manufacturing, services, trading, and allied agriculture. The Stand Up India Scheme is a flagship initiative by the Government of India, designed to promote entrepreneurship among SC, ST, and women. Launched in 2016, this scheme aims to empower Scheduled Castes (SC), Scheduled Tribes (ST), and women entrepreneurs by providing them with easy access to business loans. The scheme helps you access bank loans ranging from Rs. 10 lakh to Rs. 1 crore, with each bank branch offering loans to at least one SC/ST borrower and one woman borrower to set up a greenfield enterprise in areas like manufacturing, services, trading, or allied agricultural activities.
Key Features
Financial Assistance
| Component | Assistance | Details |
|---|---|---|
| Loan Range | ₹10 lakh to ₹1 crore | Suitable for setting up manufacturing units, service centers, or trading businesses |
| Loan Coverage | Up to 75% of project cost | If project cost is ₹80 lakh, loan can be up to ₹60 lakh |
| Margin Money | Minimum 10% of project cost | For ₹50 lakh loan, you need at least ₹5 lakh as own contribution |
| Interest Rate | As per bank policy (MCLR + 3% + tenor premium) | Competitive rates offered by scheduled commercial banks |
Eligibility Criteria
Who Can Apply
Eligible Candidates
- 1You must be over 18 years old.
- 2You should be an SC/ST or woman entrepreneur.
- 3The loan is for first-time ventures in areas like manufacturing, services, trading, or allied agriculture.
- 4If your enterprise is non-individual, at least 51% of the shareholding and controlling stake should be held by an SC/ST or woman entrepreneur.
Who Cannot Apply
Ineligible Candidates
- If you need less than ₹10 lakh or more than ₹1 crore, this scheme isn't for you.
- If your business idea doesn't fall under manufacturing, trading, services, or activities allied to agriculture, you can't apply.
Documents Required
Aadhaar card
Mandatory
PAN card
Mandatory
Voter ID or Passport
Mandatory
Utility bills
Mandatory
Caste Certificate for SC/ST applicants
Mandatory
Proof of business location
Mandatory
Margin money proof (minimum 10% contribution)
Mandatory
Educational or technical qualification documents (if required)
Mandatory
Business Plan or Project Report (if required)
Mandatory
Bank Statements
Mandatory
Other documents as specified by the lending bank
Mandatory
How to Apply
Bank Branch
- 1Go to the Stand Up India portal (standupmitra.in).
- 2Click on Applicant Registration to start your application process.
- 3Fill in your personal, business, and financial details.
- 4Upload the required documents as part of the application.
- 5You can select a 'Handholding Agency' to guide you with training, project report preparation, and the loan application.
- 6Submit your application. It will then be forwarded to the selected bank branch for further processing and sanctioning.