Stand-Up India (MSME)
Stand-Up India Scheme for financing SC/ST and/or Women Entrepreneurs
The Stand-Up India scheme is based on recognition of the challenges faced by SC, ST and Women entrepreneurs in setting up enterprises, obtaining loans, and other support needed from time to time for succeeding in business. The scheme therefore endeavours to create an ecosystem which facilitates and continues to provide a supportive environment for doing business. The scheme, which covers all branches of Scheduled Commercial Banks, will be accessed in three potential ways: Directly at the branch, Through SIDBI’s Stand Up India portal (www.standupmitra.in), or, Through the Lead District Manager (LDM)
SC/ST and/or woman entrepreneurs, above 18 years of age.
Loans under the scheme is available lor only green field project. Green field signifies, in this context, the first time venture of the beneficiary in the manufacturing or services or trading sector.
In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneurs.
Borrower should not be in default to any bank/financial institution.
Nature of Assistance:
Composite loan (inclusive of term loan and working capital) between Rs. 10 lakh and upto Rs. 100 lakh.
Purpose of Assistance:
For setting up a new enterprise in manufacturing, trading or services sector by SC/ST/Women entrepreneurs.
PHD House, 4/2 Institutional
Area August Kranti Marg,
New Delhi 110016
+91-11-26863801-04 : 49545454