Stand Up India

India is a nation full of opportunities and great hopes, and it is currently at a turning moment where encouraging entrepreneurship has become a top priority for the government. Recognizing the potential of its vast population and skilled labor pool, the country has come to understand the significance of leveraging the entrepreneurial spirit present in its many communities. With this ambitious project Stand Up India, the Indian government hopes to encourage and assist a new wave of entrepreneurs and propel the nation’s progress and independence.

Stand Up India, a scheme that aims to encourage and support entrepreneurship among marginalized groups, was launched on April 5, 2016. Acknowledging the diverse obstacles encountered by these communities, the initiative aimed to tackle the longstanding complications that have delayed their involvement in the country’s economic structure. Stand Up India aims to empower aspiring entrepreneurs by offering a wide range of resources and assistance, thereby enabling them to realize their business ideas, generate employment, achieve financial self-sufficiency, and contribute to a fairer distribution of economic opportunities.

Purpose	Loan for Entrepreneurship
Eligibility	Must be an Indian Resident
Beneficiaries	Dalit, SC, ST, Widow Women
Official Website	https://www.standupmitra.in/Login/Register
Accessible Affordable Credit	₹10 lakh to ₹1 crore Collateral-free bank loans Capital to kick-start entrepreneurial ventures
Hand-holding & Mentorship	Guidance from industry experts, successful business leaders, and seasoned professionals sharing invaluable insights, best practices and strategies.
Skill Development & Training	Offering customised training programs covering topics from business planning, financial management, marketing strategies and industry-specific expertise.
Market Linkages & Networking	Form connections with fellow entrepreneurs and potential customers Network with suppliers and industry partners to open-up new avenues of growth and collaboration
Supportive Ecosystem	Celebrating and encouraging entrepreneurship Promoting business mind-set Fostering a supporting regulatory environment Advocating for policies prioritizing growth and development of enterprises led by marginalized communities

Interest Rate: The interest rate will be in accordance with our bank’s current interest rate circular.

Since its inception, Stand Up India has made significant strides in empowering entrepreneurs from understated communities. As in February 2024, the scheme has sanctioned loans worth INR 40,700 Crores to approximately 180,630 accounts. Given below is a list of banks offering loans under the scheme:

Allahabad Bank	Bank of Maharashtra
Andhra Bank	Canara Bank
Axis Bank	Central Bank of India
Bank of Baroda	Corporation Bank
Bank of India	Dena Bank

Measuring Impact: This financial infusion has fuelled the aspirations of innumerable would-be business owners and has helped to create a great deal of work opportunities, promoting economic growth and social advancement.

Still, the initiative’s real impact goes far beyond the numbers. It has shattered glass ceilings and challenged ingrained preconceptions that have historically hindered the possibilities of underrepresented communities. It has catalysed a significant shift in mind-sets. Stand Up India has created a sense of pride and self-belief in these entrepreneurs by giving them a platform to demonstrate their ability, ingenuity, and tenacity, motivating many others to follow in their footsteps.

Loan Structure: Each bank branch is encouraged to provide loans ranging from Rs. 10 lakhs to Rs. 1 crore to at least one woman entrepreneur and one SC/ST entrepreneur. These loans can be availed for greenfield enterprises in various sectors.

Apply Online

https://www.standupmitra.in
https://udyamimitra.in

Composite Loan: The scheme facilitates composite loans covering various aspects of business requirements such as working capital, machinery, equipment, etc.

Scheme Guidelines

Stand – Up India: Scheme Guidelines (standupmitra.in)

Credit Guarantee: Credit guarantee coverage is available for Stand Up India loans under the Credit Guarantee Fund Scheme for Stand Up India (CGFSI).

Empowering a Nation, One Entrepreneur at a Time

Stand Up India is a demonstration of the tenacity and resolve of India’s downtrodden groups, not merely a government initiative. This program has given numerous people the tools they need to overcome social limitations and follow their business goals by offering a thorough support network and creating an encouraging atmosphere.

Stand Up India is a beacon of hope, pointing the way towards a future where every aspirant entrepreneur, regardless of background or circumstances, has the opportunity to contribute to the nation’s economic prosperity and social progress as it continues on its path towards self-reliance and inclusive growth.

Overall, the Stand Up India Scheme is aimed at fostering an entrepreneurial culture, promoting economic growth, and reducing socioeconomic disparities by empowering women and marginalized communities in India.