Stand Up India Scheme was launched for SC/ST women for their empowerment & increase in greenfield enterprise. it was launched in April 2016. you may also like “Stand Up India Loan Details, Apply for Stand Up India Loan Online.
Stand Up India Scheme
Stand Up India scheme has been launch to promote the women entrepreneurship who belongs to the SC and ST cast. As per this scheme, SC/ST caste women can get the loan from the governmental institution to establish Greenfield Enterprise.
The Stand Up India scheme launched in April 2016 by our honorable Prime Minister Narendra Modi. the Main purpose behind this scheme is to empower women entrepreneurship. For Women’s Empowerment, the central government is providing a loan to them which has low-interest rate & long payment period.
Under this scheme, More than 2 lakh women get the loan for to establish a Greenfield Enterprise. For this loan scheme, 1 lakh & more bank branches are associated with it.
As per this scheme, the bank will provide a loan up to 10 lakh to the 100 lakhs. this loan is used for working capital. it can also say the term loan. It helping to increase the Greenfield Enterprise.
Stand Up India Objectives
The government aiming to bring a stand-up India scheme for a women entrepreneurs belongs to SC/ST castes.
Under this scheme, the government wants that every bank branch has a one women entrepreneur as a creditor.
Stand Up India Eligibility Criteria
Any women of SC/ST caste whose age is 18 years & more than 18 years.
Any woman who is applying for a loan under this scheme should not be Defaulter as per bank records.
Note That: A woman who is engaged with the Greenfield Projects & Enterprise.
Stand Up India loan In Details
The government will provide a composite loan to the SC/ST caste women about 10 lakh to 100 lakh. This loan is helpful for their working capital and other expenses of businesses.
Stand Up India Loan is aiming to women empowerment in businesses. they make more greenfield enterprise.
Under this scheme, The government bank gets a rate of interest the loan is MCLR Interest rate + 3% Tenor Premium.
If you are applied for stand up India loan then you repay the loan about from 18 months to 7 years.
Document required for Stand Up India Loan
Identity proof of Applicant
Address proof of Applicant
Balance sheet & Income statement of Promoters
Projected Annual Statement Of Last Two years
Project report & Manufacturing Process
How To Apply for Stand Up India Loan?
You need to follow 4 step to apply for Stand Up India Loan. here is I list out the 4 step to apply for Stand Up India Loan.
2. Handholding Support Selection
3. Fill Application Form
First, You need to register yourself on “Stand Up India” portal. Every applicant can be registered as a “Trainee Borrower” & “Ready Borrower”.
After registering yourself on a portal, you need to choose a Handholding agency/ bank as per your convenience & nearness.
After then you need to fill up detail in the Stand Up India Loan Application Form. Note that you can save the forms detail for more than trial but after submitting the form you can’t change the form details.
You can also apply for standup India loan through your Preferred Lender.