Stand Up India

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Inclusive Growth

Stand Up India

Facilitates bank loans from Rs 10 lakh to Rs 1 crore for greenfield enterprises for eligible women and SC/ST entrepreneurs.

Objective

The objective of the Stand-Up 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.

Eligibility

SC/ST and/or woman entrepreneurs, above 18 years of age.

Loans under the scheme is available for only green field project (New enterprises).

In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur.

Borrower should not be in default to any bank/financial institution.

Nature of Loan

Composite loan (inclusive of term loan and working capital) between 10 lakh and upto 100 lakh.

Margin Contribution

Promoter contribution is 25% of the project cost inclusive of term loan and working capital (Composite loan).

Repayment

The loan is repayable in 7 years with a maximum moratorium period of 18 months.

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