Fuelling Inclusive Entrepreneurship in India with Stand Up India Scheme


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Fuelling Inclusive Entrepreneurship in India with Stand Up India Scheme
Category: Govt. Schemes, Posted on: 21/04/2025

Visitor Count:183

Introduced by the Government of India on 5th April 2016, the Stand-Up India Scheme aims to foster inclusive economic growth by facilitating bank loans to women and individuals from Scheduled Castes (SC) and Scheduled Tribes (ST) communities for setting up greenfield enterprises.

Administered by the Department of Financial Services (DFS), Ministry of Finance, and implemented through commercial banks, regional rural banks, and small finance banks, the scheme has been instrumental in nurturing entrepreneurial ventures across India, especially in underserved and underrepresented segments of society.

Key Objectives of the Stand-Up India Scheme

The scheme has been framed to:

Encourage entrepreneurship among SC/ST and women borrowers.
Facilitate the creation of first-time enterprises.
Promote job creation and socio-economic empowerment through access to institutional credit.

Who Is Eligible?

To avail benefits under the Stand-Up India Scheme, applicants must meet the following eligibility criteria:

The borrower must be at least 18 years old.
The proposed business must be a greenfield project (new venture in manufacturing, services, trading, or agri-allied activities).
Only SC/ST individuals and/or women entrepreneurs are eligible.
In the case of non-individual enterprises, at least 51% of shareholding and control must be held by SC/ST or women entrepreneurs.
The applicant should not be a defaulter to any bank or financial institution.

💸 Loan Features at a Glance

Feature	Details
Loan Amount	₹10 lakh to ₹1 crore
Type of Loan	Composite loan (Term + Working Capital)
Repayment Tenure	Up to 7 years
Moratorium Period	Up to 18 months
Interest Rate	Based on bank assessment
Security	As per bank norms; Credit Guarantee cover available under CGTMSE

📝 Application Process

Eligible applicants can apply through:

The official Stand-Up Mitra Portal: www.standupmitra.in
Nearby bank branches
Assistance from SIDBI-empanelled agencies for business planning and documentation

The portal also offers handholding support, including training, project report preparation, and advisory services.

Impact and Progress

As of 2025:

The scheme has enabled thousands of first-time entrepreneurs from marginalized groups to access formal credit.
It has played a pivotal role in advancing financial inclusion and promoting self-employment across various sectors, especially in semi-urban and rural areas.

Conclusion

The Stand-Up India Scheme exemplifies the Government’s commitment to inclusive development through entrepreneurship. By addressing challenges related to credit access and business support, it helps bridge gaps and builds a more balanced economic ecosystem.

Disclaimer: The content of the blog does not create any responsibility of the firm / its authorized persons whose website is being accessed. The blog is not for legal use. Kindly verify the correctness of data/contents from your own sources. This is only for information purpose.

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