Benefit Amount
Loan Rs.10 lakh-1 croreLoan
✓ Government Verified✓ Direct Bank Transfer
ℹAbout Stand Up India Scheme
Bank loans of Rs.10 lakh to Rs.1 crore to at least one SC/ST and one woman borrower per bank branch for greenfield enterprises.
Ministry
Ministry of Finance
✓Who Is Eligible?
The Stand Up India Scheme is designed to support new entrepreneurs from specific categories who want to start their own business. The scheme prioritizes at least one borrower from the Scheduled Caste (SC) or Scheduled Tribe (ST) category and at least one woman borrower per bank branch. This means if you belong to SC, ST, or are a woman entrepreneur, you have a better chance of getting approved. The scheme is available across all of India, so geographic location is not a barrier. The loan amount ranges from Rs.10 lakh to Rs.1 crore, and this money should be used to start a greenfield enterprise, which means a completely new business that you are starting for the first time. The enterprise should not be an existing business or an expansion of a current business. For exact eligibility criteria regarding age limits, income restrictions, educational qualifications, and specific business types that are eligible, it is recommended to check the official Stand Up India portal at https://standupmitra.in/ or contact your nearest participating bank branch for detailed information.
Quick eligibility check:
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Gender: Male, Female, Other📝How to Apply for Stand Up India Scheme
Here are the simple steps to apply for the Stand Up India Scheme: First, visit the official Stand Up India portal at https://standupmitra.in/ to understand the complete application process and requirements. Second, prepare all necessary documents that demonstrate your business idea, such as a detailed business plan, project report, and financial projections for your greenfield enterprise. Third, identify a bank branch near you that participates in the Stand Up India Scheme and visit them to discuss your loan application. Fourth, submit your application along with all required documents to the bank branch directly. Fifth, the bank will evaluate your business proposal and financial eligibility for the loan amount between Rs.10 lakh to Rs.1 crore. Sixth, once approved, the bank will disburse the loan amount according to their internal process. Seventh, after receiving the loan, ensure you use it only for starting your new business enterprise as per the scheme guidelines. For any confusion or additional help during the application process, you can contact the Stand Up India helpline or visit the official website for more information.
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