Stand Up India - Get business & Product Information
Stand Up India
Stand up India – Creating a new work ecosystem for women
Stand-up India has been extended up to FY2025
Purpose : The objective of Stand-Up India scheme is to facilitate bank loans between ₹ 10 lakh and ₹ 1 crore to Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and Woman borrower for setting up a greenfield enterprise (first time venture), in manufacturing, services or trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur
Features
- Processing Fee : 0.20% of loan amount (plus GST as applicable). No other charges are proposed to be recovered
- Collateral Security : No Collateral / Third Party Guarantee to be obtained. All loans to be covered under CGSSI (Credit Guarantee Scheme for Stand-Up India Scheme)
- How to Avail Stand Up India Scheme :
- Through stand up India Portal provides information to a potential borrower on various kinds of handholding support from different agencies and also provides a window to get in touch with banks to avail loans
- The applicant first click to "Register" and answer to few short questions on the Registration page of the portal
- Based on the response, the Applicant would be classified as the "Trainee Borrower" or "Ready Borrower". Applicant would also be given feedback on his/her eligibility for stand-up India loan
- A trainee borrower/ready borrower may then chose to register and login through the portal
- Upon logging through the portal, the borrower is taken to a dashboard
Eligibility
- SC/ST and/or women entrepreneurs; above 18 years of age
- In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur
- Loans under the scheme is available for only greenfield project
- Borrower should not be in default to any bank or financial institution
Nature of Facility
- Nature of Facility : Composite Loan (Working Capital facilities / Term Loan)
Quantum of loan (Min/Max)
- Minimum loan amount : > Rs 10 lacs
- Maximum loan amount : Rs. 1 crore
Repayment
- Repayment Period : Maximum of 7 years (including moratorium period upto 18 months)
Last Updated On : Wednesday, 11-11-2020
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
Business-products-landing
Prime Ministers Employment Generation Program (PMEGP)
Criteria
- Features
- Eligibility
- Terms and Conditions
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above