Stand Up India Scheme

Introduction

Stand-Up India scheme is a programme designed to finance Scheduled Caste (SC), Scheduled Tribe (ST) borrowers, and/or women entrepreneurs to establish new projects. These enterprises can be involved in manufacturing, services, agri-allied activities, or trading. For non-individual businesses, at least 51% of the shares and control must be owned by SC/ST or women entrepreneurs.

Frequently Asked Questions

The scheme provides composite loans, including Working Capital and Term Loans. The loans are aimed at setting up greenfield enterprises in sectors such as manufacturing, trading, and services. For non-individual enterprises, at least 51% of the ownership must be held by SC/ST or women entrepreneurs 

The Stand-Up India Scheme is a government initiative that facilitates Bank Loans between ₹10 lakh and ₹1 crore for SC/ST and/or women entrepreneurs to set up a greenfield enterprise.

Eligible borrowers must be SC/ST or women entrepreneurs aged 18 or older. The scheme is exclusively for greenfield projects.

More about What is Stand Up India Scheme

  • Features of the Stand-Up India Scheme
  • The Stand-Up India Scheme aims to offer financial support between ₹10 lakh and ₹1 crore to individuals from SC or ST communities and/or women entrepreneurs for launching new greenfield enterprises.
  • Eligible borrowers must be SC/ST or women entrepreneurs aged 18 or older. The scheme is exclusively for greenfield projects.
  • The scheme provides composite loans, including working capital and term loans, ranging from ₹10 lakh to ₹1 crore.
  • The loan can be repaid over 7 years with a maximum moratorium period of 18 months.
  • A minimum margin of 10% of the total project cost is required.
  • Benefits of Stand-Up India Scheme
  • The loan is backed by primary security measures.
  • Additionally, a credit guarantee is provided through the Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL)/CGFMU, as determined by the bank.
  • How to apply for Stand-Up India Scheme?
  • To apply for Stand-Up India Loan Scheme, visit HDFC's official website, click 'Agri,' and then click 'Stand-Up India Scheme.'

Things to Know More

  • Objective:
  • The Stand-Up India Scheme aims to offer financial support between ₹10 lakh and ₹1 crore to individuals from SC or ST communities and/or women entrepreneurs for launching new greenfield enterprises.
  • Eligibility:
  • Eligible borrowers must be SC/ST or women entrepreneurs aged 18 or older. The scheme is exclusively for greenfield projects.
  • Nature of Loan:
  • The scheme provides composite loans, including working capital and term loans, ranging from ₹10 lakh to ₹1 crore.
  • Repayment:
  • The loan can be repaid over 7 years with a maximum moratorium period of 18 months.
  • Margin:
  • A minimum margin of 10% of the total project cost is required.
  • Scheme Benefits:
  • Credit Guarantee: The loan is backed by primary security measures. Additionally, a credit guarantee is provided through the Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL)/CGFMU, as determined by the bank.
  • To apply for the Stand-Up India, kindly visit Home (udyamimitra.in)