This government has shown its keen interest in building an entrepreneurial culture in the country. To encourage more entrepreneurs, the government has regularly taken necessary steps. Culture is an important part of the entrepreneurial environment. Standup India scheme is one of such step in this direction. The scheme was launched by Prime Minister Shri Narendra Modi on 05 April’2016.

This scheme is different from the government of India‘s Startup India Scheme. Startup India scheme was discussed in detail in my article Startup India campaign”. This scheme is intended to support SC/ST/Women entrepreneurs whereas startup India scheme aims to boost innovation and technology.

The objective of Stand-Up India scheme is to facilitate bank loans between Rs 10 lakh and Rs 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 the 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.


  1. SC/ST and/or Woman Entrepreneurs, above 18 years of age.
  2. Loan for Green field projects i.e. First-time venture of the beneficiary in the manufacturing or service or trading sector.
  3. In the case of Non- Individual enterprise, 51% of Shareholding and controlling stake should be held by either SC/ST and/or woman entrepreneur.
  4. The borrower should not be in default to any bank/ financial institution.

Rate of Interest:

The rate of interest would be the lowest applicable rate of the bank for that category (rating category) not to exceed (base rate (MCLR) + 3% + tenor premium).

Security Requirement:

In addition to mortgage/hypothecation of the primary asset acquired out of the loan, the loan may also be secured by collateral security or guarantee of credit guarantee scheme for Standup India Loans (CGSSI) as decided by the banks.

The scheme endeavours to create an ecosystem which facilitates and continues to provide a supportive environment for doing business. This scheme can be assessed in three ways:

  1. Directly at the bank branch.
  2. Standup India portal (
  3. Lead District Manager (LDM)

The Standup India scheme is intended to facilitate at least two such projects per bank branch, on an average one for each category of the entrepreneur. This scheme will benefit at least 2.5 lakh borrowers through 1.25 lakh bank branch network located across the country.

This scheme is not only limited to providing finance but also provides handholding support through a network of agencies engaged in training, skill development and mentoring. The Standup India scheme provides for handholding support for borrowers both at the pre-loan stage and during operations

(Submitted by – Tarun Kumar (B.Com, ACA) Mobile: +91-888-282-8112- Email-ID:

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2 responses to “All about StandUp India Scheme”

  1. LD Lama says:

    My son has passed out plus 20 with commerce, but due to my financial problem he could not complete his graduation. I am 56 year old, and have lost my job due to clouser of my company, where i worked for 24 years, in accounts.
    At present my son is workig with private mnc company,
    But, i am very much worried about his future due to his low qualification.
    As such, i am looking something relible under standup scheme, where mt son can focus to make his future secure.

    Please provide me your valuable suggestion
    So that i could take some concret decision .
    We belong to Schedule Tribe Community.
    Thanking you,
    Yours Sincerely
    LD lama

  2. KARTHIK says:


    May I know at least any one person got amount from this scheme.


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