Stand-Up India

Stand-Up India was launched by the Government of India on 5 April 2016 to support entrepreneurship among women and SC & ST communities. Stand Up India Loan Scheme is a government initiative launched by the Government of India in 2016 to promote entrepreneurship and facilitate bank loans to Scheduled Caste (SC) / Scheduled Tribe (ST) and women entrepreneurs in the country. The scheme aims to provide loans between Rs.10 lakhs and Rs.1 crore for setting up a greenfield enterprise in manufacturing, trading or services sector.[1]

Stand-Up India
CountryIndia
Prime Minister(s)Narendra Modi
Launched5 April 2016 (2016-04-05)
Websitewww.standupmitra.in

It is similar to but distinct from Startup India. Both are enabler and beneficiary of other key Government of India schemes, such as Make in India, Industrial corridor, Dedicated Freight Corridor, Sagarmala, Bharatmala, UDAN-RCS, Digital India, BharatNet and UMANG.

History

Prime Minister Narendra Modi launched the Stand-Up India scheme on 15 April 2016 as part of the government's efforts to support entrepreneurship among women and SC & ST communities.[2]

The scheme

The scheme offers bank loans of between ₹10 lakh (US$13,000) and ₹1 crore (US$130,000) for scheduled castes and scheduled tribes and women setting up new enterprises outside of the farm sector.[3]

See also

References
  1. Nitikesh (29 March 2023). "Stand Up India Loan Scheme 2023: Apply Online & Application Status". Bharat yojana. Retrieved 11 April 2023.
  2. "'Stand Up India' will transform lives of Dalits, tribals: Modi", The Hindu, 5 April 2016
  3. "Modi's Stand Up India scheme will ease pressure on job reservations", Hindustan Times, 6 April 2016
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