Stand Up India Scheme

Government of India had launched the Stand Up India scheme in 2016. The Scheme facilitates bank loans between Rs.10 lakh and Rs.1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one Woman borrower per bank branch for setting up greenfield enterprises.

Major Features: The scheme which is being implemented through all Scheduled Commercial Banks is to benefit at least 2.5 lakh borrowers.

• Stand Up India scheme caters to promoting entrepreneurship amongst women, SC & ST category i.e. those sections of the population facing significant hurdles due to lack of advice/mentorship as well as inadequate and delayed credit.
• The scheme intends to leverage the institutional credit structure to reach out to these underserved sectors of the population in starting greenfield enterprises.
• To extend collateral free coverage, Government of India has set up the Credit Guarantee Fund for Stand Up India (CGFSI).