Stand-Up India was launched by Government of India on 5 April 2016 to support
entrepreneurship among women and SC & ST communities.
It is similar to but distinct from Startup India . Both are enabler and beneficiary of other key
Government of India schemes, such as Make in India, Industrial corridor, Dedicated Freight
Corridor, Sagarmala , Bharatmala , UDAN-RCS, Digital India, BharatNet and UMANG.
Prime Minister Narendra Modi launched the Stand-Up India scheme on 5 April 2016 as part
of the government's efforts to support entrepreneurship among women and SC & ST
The scheme offers bank loans of between ₹10 lakh (US$14,000) and ₹1 crore (US$140,000)
for scheduled castes and scheduled tribes and women setting up new enterprises outside of
the farm sector. 
The Stand up India scheme aims at promoting entrepreneurship among women and
scheduled castes and tribes. The scheme is anchored by Department of Financial Services
(DFS), Ministry of Finance, Government of India.
Stand-Up India Scheme facilitates bank loans between Rs 10 lakh and Rs 1 Crore to at least
one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman
borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in
manufacturing, services 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
SC/ST and/or woman entrepreneurs, above 18 years of age.
Loans under the scheme is available for only green field project. Green field signifies,
in this context, the first time venture of the beneficiary in the manufacturing or
services or trading sector.
In case of non-individual enterprises, 51% of the shareholding and controlling stake
should be held by either SC/ST and/or Women Entrepreneur.
Borrower should not be in default to any bank/financial institution.
Nature of Loan - Composite loan (inclusive of term loan and working capital)
between 10 lakh and upto 100 lakh.
Purpose of Loan - For setting up a new enterprise in manufacturing, trading or
services sector by SC/ST/Women entrepreneur.
Size of Loan - Composite loan of 75% of the project cost inclusive of term loan and
working capital. The stipulation of the loan being expected to cover 75% of the
project cost would not apply if the borrower’s contribution along with convergence
support from any other schemes exceeds 25% of the project cost.
Interest Rate - The rate of interest would be lowest applicable rate of the bank for
that category (rating category) not to exceed (base rate (MCLR) + 3%+ tenor
Security - Besides primary security, the loan may be secured by collateral security or
guarantee of Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL) as
decided by the banks.
Repayment - The loan is repayable in 7 years with a maximum moratorium period of
Working Capital - For drawal of Working capital upto 10 lakh, the same may be
sanctioned by way of overdraft. Rupay debit card to be issued for convenience of the
borrower. Working capital limit above 10 lakh to be sanctioned by way of Cash Credit
Margin Money - The Scheme envisages 25% margin money which can be provided in
convergence with eligible Central / State schemes. While such schemes can be
drawn upon for availing admissible subsidies or for meeting margin money
requirements, in all cases, the borrower shall be required to bring in minimum of
10% of the project cost as own contribution.
CHECKLIST - STAND- UP INDIA LOAN APPLICATION
Proof of Identity : Voter’s ID Card / Passport / Driving License / PAN Card /
Signature identification from present bankers of proprietor, partner of director ( if a
Proof of residence: Recent telephone bills, electricity bill, property tax receipt
/Passport / voter’s ID Card of Proprietor, partner of Director (if a company)
Proof of business Address
Applicant should not be defaulter in any Bank/F.I.
Memorandum and articles of association of the Company / Partnership Deed
of partners etc.
Assets and liabilities statement of promoters and guarantors along with latest
income tax returns.
Rent Agreement (if business premises on rent) and clearance from pollution
control board if applicable.
SSI / MSME registration if applicable.
Projected balance sheets for the next two years in case of working capital
limits and for the period of the loan in case of term loan
Photocopies of lease deeds/ title deeds of all the properties being offered as
primary and collateral securities.
Documents to establish whether the applicant belongs to SC/ST Category,
Certificate of incorporation from ROC to establish whether majority stake
holding in the company is in the hands of a person who belongs to SC/ST/Woman
Plot No. 334,Visalakshinagar, Visakhapatnam - 530043. Andhra Pradesh, India.