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        Case ID :
        Corp. Laws, SEBI & IBC

        More than ₹ 20,000 crores of loans sanctioned under Stand Up India Scheme since inception

        March 17, 2020

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        ₹ 20,466.94 crores of loans have been sanctioned under Stand Up India Scheme to over 91,000 accounts upto 10.03.2020 since inception of the Scheme. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.

        Giving the details of the Scheme, the Minister said that Stand Up India Scheme was launched by the Government on 5th April, 2016. The Scheme facilitates bank loans between ₹ 10 lakh and ₹ 1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower, per bank branch of Scheduled Commercial Banks (SCBs), for setting up greenfield enterprises in the manufacturing, services or the trading sectors.

        State-wise details of loans extended under the Scheme, as on 10th March, 2020, is placed at the Annexure

        State-wise number of loans extended and sanctioned amount under Stand Up India Scheme as on 10.03.2020, since inception.

        Sl. No

        States/UTs

        (Amount in Rs. Crore)

        No. of A/c’s

        Sanctioned Amt.

        1

        Andaman and Nicobar Islands

        123

        24.05

        2

        Andhra Pradesh

        5313

        1284.11

        3

        Arunachal Pradesh

        179

        42.22

        4

        Assam

        1391

        295.66

        5

        Bihar

        3156

        593.1

        6

        Chandigarh

        346

        68.89

        7

        Chhattisgarh

        2224

        531.21

        8

        Dadra and Nagar Haveli

        35

        7.95

        9

        Daman and Diu

        33

        16.38

        10

        Delhi

        3007

        713.93

        11

        Goa

        392

        77.35

        12

        Gujarat

        6292

        1837.7

        13

        Haryana

        3124

        703.32

        14

        Himachal Pradesh

        1156

        229.01

        15

        Jammu and Kashmir

        320

        68.6

        16

        Jharkhand

        1783

        368.64

        17

        Karnataka

        5002

        1172.03

        18

        Kerala

        2720

        554.81

        19

        Ladakh

        68

        10.71

        20

        Lakshadweep

        2

        0.53

        21

        Madhya Pradesh

        3725

        843.38

        22

        Maharashtra

        6834

        1577.05

        23

        Manipur

        165

        33.01

        24

        Meghalaya

        175

        40.21

        25

        Mizoram

        220

        53.38

        26

        Nagaland

        257

        50.15

        27

        Odisha

        2681

        546.56

        28

        Puducherry

        204

        47.64

        29

        Punjab

        2999

        619.25

        30

        Rajasthan

        4334

        947.55

        31

        Sikkim

        232

        32.31

        32

        Tamil Nadu

        8428

        1946.24

        33

        Telangana

        5496

        1384.15

        34

        Tripura

        163

        29.97

        35

        Uttar Pradesh

        11455

        2317.89

        36

        Uttarakhand

        1665

        363.39

        37

        West Bengal

        5620

        1034.64

         

        Total

        91319

        20466.94

        Source: As per the data reported by SCBs on standupmitra portal (www.standupmitra.in)

        Stand Up India Scheme expands targeted bank credit to SC/ST and women entrepreneurs for greenfield enterprises under branch-level eligibility rules. The Stand Up India Scheme requires each Scheduled Commercial Bank branch to sanction loans to at least one Scheduled Caste or Scheduled Tribe borrower and one woman borrower for greenfield enterprises in manufacturing, services, or trading, within prescribed loan limits; implementation is measured by statewise sanctioned accounts and amounts reported by banks on the standupmitra portal.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Stand Up India Scheme expands targeted bank credit to SC/ST and women entrepreneurs for greenfield enterprises under branch-level eligibility rules.

                                The Stand Up India Scheme requires each Scheduled Commercial Bank branch to sanction loans to at least one Scheduled Caste or Scheduled Tribe borrower and one woman borrower for greenfield enterprises in manufacturing, services, or trading, within prescribed loan limits; implementation is measured by statewise sanctioned accounts and amounts reported by banks on the standupmitra portal.





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                                ActsIncome Tax
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