April 5, 2023
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Stand-Up India Scheme promotes entrepreneurship among SC, ST and women by facilitating targeted bank credit and handholding support.
Stand-Up India Scheme facilitates loans and support to promote entrepreneurship among SC, ST and women for first-time greenfield enterprises in manufacturing, services, trading and allied agricultural activities. Beneficiaries must be adult first-time entrepreneurs, with non-individual enterprises majority-controlled by eligible persons and not in default to lenders. The scheme requires borrower contribution while allowing margin money convergence with eligible schemes, and provides multiple access routes-bank branches, an online portal and Lead District Managers-supplemented by an extensive handholding network for training and mentorship.