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Stand-Up India
  • Stand-Up India

Stand-Up India Scheme Facilitates bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one-woman borrower per bank branch for setting up a greenfield enterprise.

For more details click here

 Stand-Up India

  • Implementing Ministry :  Department of Financial Services (DFS), Ministry of Finance
  • Portal : https://www.standupmitra.in/
  • Target Group : Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and woman borrower
  • Purpose : For setting up a new enterprise in manufacturing, trading, or services sector, allied activities by SC/ST/Women entrepreneur.
  • Loan Quantum : Composite loan (inclusive of term loan and working capital) above 10 lakh and upto 100 lakh.
  • Margin : The Scheme envisages 15% margin money which can be provided in convergence with eligible Central / State schemes.
  • Repayment : The loan is repayable in 7 years with a maximum moratorium period of 18 months.
  • ROI : EBLR+3.25% (9.15% + 3.25% = 12.40% with effect from 15.02.2023)
  • Int Subvention :  NIL
  • Credit Guarantee : CGSSI – Max of 80%

Last Updated On : Monday, 20-11-2023

Interest Rates

8.50%* p.a. onwards

w.e.f. 05.04.2024

*T&C Apply.

 

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