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Stand Up India Scheme
Stand Up India Scheme facilitates bank loans between Rs. 10 lakhs and Rs. 1 crore to atleast One Scheduled Caste (SC) or Scehduled Tribe borrower and atleast one woman per bank branch for setting up a greenfield enterprise, in manufacturing, service or the 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.
Loan Range for Individual
|Rs. 10 Lakhs to Rs. 1 Crores|
|Cap of Loan||75%|
|Eligibility Criteria for Individual||Women entrepreneur or SC/ST cast entrepreneur|
This scheme is for encouragement and promotion of women entrepreneurs and entrepreneurs from the SC/ST community.
Difference between Stand Up India Scheme & Start Up India Scheme
- By CS Raksha Sharma