In shortStand Up India provides composite bank loans between Rs 10 lakh and Rs 1 crore to Scheduled Caste, Scheduled Tribe and woman entrepreneurs aged 18 or above for their first greenfield enterprise. Repayment is over 7 years with up to 18 months moratorium. Interest is capped at bank rate plus 3 percent plus tenor premium.
Key facts
- Nodal ministry
- Department of Financial Services, Ministry of Finance
- Level
- Central
- Launched
- 2016
- Last date
- Open all year
Stand Up India was created to put bank credit in the hands of two groups that rarely got it, Dalit and Adivasi entrepreneurs and women. Every bank branch in the country is expected to lend to at least one Scheduled Caste or Scheduled Tribe borrower and at least one woman borrower under the scheme.
The loan runs from Rs 10 lakh to Rs 1 crore and is composite, meaning it covers both the machinery and premises you need and the day to day working capital. You get up to 18 months of moratorium before repayments start and up to 7 years to repay.
The catch is that it must be a greenfield project, your first venture in manufacturing, services, trading or an activity allied to agriculture. If the business is a company or partnership, at least 51 percent must be owned and controlled by an eligible borrower. Apply through the standupmitra portal, which also arranges handholding support.
What you get
A composite bank loan of between Rs 10 lakh and Rs 1 crore to set up a new greenfield enterprise, covering both term loan and working capital. Repayment is over 7 years with a moratorium of up to 18 months, and interest is capped at the bank's applicable rate plus 3 percent plus tenor premium.
Who is eligible
- The borrower must be a Scheduled Caste, Scheduled Tribe or woman entrepreneur aged 18 years or above
- The enterprise must be greenfield, meaning it is the borrower's first venture in manufacturing, services, trading or agriculture allied activities
- For a non-individual enterprise, at least 51 percent of the shareholding and controlling stake must be held by an SC or ST or woman entrepreneur
- The borrower must not be in default to any bank or financial institution
- Each bank branch is expected to lend to at least one SC or ST borrower and at least one woman borrower
- The project must be technically and commercially viable in the bank's assessment
Documents you need
- Aadhaar card and PAN card
- Caste certificate for Scheduled Caste or Scheduled Tribe applicants
- Detailed project report or business plan with projections
- Proof of business address and any registration or licence held
- Bank statements and, where applicable, income tax returns
- Quotations for machinery, equipment or premises
How to apply
- Register on the Stand Up India portal at standupmitra.in and complete the guided questionnaire
- Choose your handholding needs, such as help with the project report, skilling or margin money, and the portal connects you to the relevant agency
- The portal routes your application to the bank branch, the lead district manager or the connect centre
- Submit your project report and documents to the bank branch and go through the appraisal
- On sanction, receive the composite loan and a RuPay debit card for the working capital limit
Frequently asked questions
Who is eligible for Stand Up India Scheme loan?
Scheduled Caste, Scheduled Tribe or woman entrepreneurs aged 18 years or above starting their first greenfield enterprise in manufacturing, services, trading or agriculture-allied activities are eligible. Non-individual enterprises must have at least 51 percent ownership and control by an eligible borrower.
What is the loan amount under Stand Up India?
The composite loan ranges from Rs 10 lakh to Rs 1 crore, covering both term loan for machinery and premises and working capital requirements for your new business venture.
What is the repayment period and moratorium for Stand Up India loan?
You have up to 7 years to repay the loan with a moratorium period of up to 18 months before repayment starts. Interest is capped at the bank's applicable rate plus 3 percent plus tenor premium.
What documents are required for Stand Up India Scheme application?
Required documents include Aadhaar card, PAN card, caste certificate if applicable, detailed project report or business plan, proof of business address, bank statements, income tax returns and quotations for machinery or equipment.
How do I apply for Stand Up India Scheme?
Register on the Stand Up India portal at standupmitra.in, complete the guided questionnaire, select your handholding needs, and the portal routes your application to your bank branch for appraisal and sanction.
What is a greenfield project under Stand Up India?
A greenfield project is your first venture in manufacturing, services, trading or agriculture-allied activities. You cannot have previously started a business in these sectors to be eligible under the scheme.
Before you apply: confirm every date, fee and eligibility rule on the official website linked on this page. Public and Policy is an independent portal, not a government body, and details change without notice.
