Stand up India Scheme

India’s entrepreneurial spirit is high, and the government is actively nurturing this growth. One of the most impactful initiatives is the Stand Up India Scheme. 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.
If you’re looking to start a new venture and belong to any of these categories, the Stand Up India Scheme could be the perfect opportunity to help you succeed!

What is the Stand Up India Scheme?

The Stand Up India Scheme is a flagship initiative by the Government of India, designed to promote entrepreneurship among SC, ST, and women. 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.

Objectives of the Stand Up India Loan

The Stand Up India Loan is here to help you:

• Create jobs and bring economic empowerment to the grassroots level, so everyone can benefit.
• Support first-time entrepreneurs from under-represented sections to get their businesses off the ground.
• Promote inclusive growth, ensuring that no one is left behind, and everyone has an equal opportunity to succeed.

Key Features of the Stand Up India Scheme

Eligibility Criteria for Stand Up India Yojana

To apply for a Stand Up India yojna, you must meet the following criteria:

Eligibility

• You must be over 18 years old.
• You should be an SC/ST or woman entrepreneur.
• The loan is for first-time ventures in areas like manufacturing, services, trading, or allied agriculture.
• If your enterprise is non-individual, at least 51% of the shareholding and controlling stake should be held by an SC/ST or woman entrepreneur.

Non-Eligibility

• 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 for Stand Up India Loan

When you apply for the Stand Up India loan scheme, keep these documents ready:

• Aadhaar card
• PAN card
• Voter ID or Passport
• Utility bills
• Caste Certificate for SC/ST applicants
• Proof of business location
• Margin money proof (minimum 10% contribution)
• Educational or technical qualification documents (if required)
• Business Plan or Project Report (if required)
• Bank Statements
• Passport-sized photos of the applicant
• Other documents as specified by the lending bank

How to Apply for a Stand Up India Loan Online?

Applying for the Stand Up India Yojana is easy and fully digital. Here’s how you can do it:

Step 1: Go to the Stand Up India portal.
Step 2: Click on Applicant Registration to start your application process.
Step 3: Fill in your personal, business, and financial details.
Step 4: Upload the required documents as part of the application.
Step 5: You can select a ‘Handholding Agency’ to guide you with training, project report preparation, and the loan application.
Step 6: Submit your application. It will then be forwarded to the selected bank branch for further processing and sanctioning.

Note: If you prefer, you can also visit the nearest bank branch to apply in person.

Benefits of the Stand Up India Business Loan

• Financial Inclusion
  This scheme is designed to empower marginalized communities and women like you to start your own business, giving you the financial support to succeed.
• Professional Support
  With the help of handholding agencies, you’ll get training, guidance, and mentorship to set you up for success and help you navigate the business world.
• Flexible Repayment
  The loan gives you up to 7 years to repay, with a moratorium period. This will help you to manage your finances and focus on growing your business.
• Digital Convenience
  You can apply for the loan online and track your application status. This process is quick and hassle-free.
• Collateral Support
  Loans are backed by the Credit Guarantee Fund Scheme. It reduces the need for collateral and gives you the chance to grow without extra financial pressure.

Real-World Examples of Stand Up India Scheme

• Papad Manufacturing Unit
• Food Processing Business
• E-rickshaw Purchase and Self-employment
• Printer Cartridge Recycling Startup
• Vending Machine Supply Business
• Women-led Small Enterprises

Related Government Support Plans with Stand Up India Scheme

Final Word

The Stand Up India Scheme is a powerful tool for aspiring entrepreneurs from SC, ST, and women communities. By providing easy access to business loans, professional support, and digital convenience, the scheme is helping to build a more inclusive and vibrant entrepreneurial ecosystem in India.

If you meet the eligibility criteria, don’t miss this opportunity and apply for a Stand Up India loan. Take the first step towards your entrepreneurial dream today!

Reference:
https://dtnbwed.cbwe.gov.in/images/upload/AnnualReport/Facts_For_You-January_2023_378.pdf