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.
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.