Stand Up India Scheme

What's in store for you?

PM Mudra Yojana

Wondering if you are eligible?

  • Min. 1 SC/ST/Women for Greenfield enterprise
  • Applicants must be over 18 years
  • 51% of stakeholders must be SC/ST and/or women
  • Applicant must not have a default history
  • Applicant must be from:
  • Manufacturing
  • Services
  • Agri-allied activities, or
  • Trading

More About the Stand-up India Scheme

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.

Inclusive Financing

Supports SC/ST and women entrepreneurs.

Loan Range

Provides loans from ₹10 lakh to ₹1 crore.

Flexible Tenure

Repayment tenure of up to 7 years.

Sector Coverage

Applicable to manufacturing, services, agri-allied, and trading sectors.

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Low Collateral Requirement

Minimal collateral based on the project.

Interest Rates

Competitive rates tailored for eligible entrepreneurs.

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Comprehensive Support

Includes financial and technical guidance.

Benefits include loans for greenfield projects, entrepreneurial guidance, and a push towards self-reliance for SC/ST and women entrepreneurs. It also supports job creation and economic growth.

To apply, visit HDFC Bank’s branch or the Udyami Mitra portal for ​Digital Loan applications and entrepreneurial guidance under this scheme.

Frequently Asked Questions

The Stand-Up India Scheme is launched by the Government of India, which financially supports SC/ST and/or women entrepreneurs in establishing greenfield enterprises. It offers loans from ₹10 lakh to ₹1 crore for new ventures in various sectors.

The Ministry of Finance launched the Stand-Up India Scheme under the Department of Financial Services on April 5, 2016.

Start-Up India aims to foster innovation and create jobs by supporting startups. On the other hand, Stand-Up India focuses on SC/ST and women entrepreneurs, providing them loans to start greenfield enterprises.

Stand-Up India aims to empower SC/ST and women entrepreneurs by providing loans for setting up new businesses, thus promoting economic inclusion and self-sufficiency.