Stand Up India scheme is a loan scheme providing loans from Rs. 10 Lakh to Rs. 1 Crore to the scheduled caste, scheduled tribe, or a woman. The loans can be obtained from banks for setting up a new project or business. The scheme is backed by the Department of Financial Service (DFS), Ministry of Finance, Government of India. Stand Up India scheme intends to promote entrepreneurship among women and scheduled caste and tribes.
There are primarily three ways to access the Stand Up India scheme:
Do note to approach Stand Up India portal, before the handholding, there will be serval relevant questions to be answered at the initial stage. These could mostly be as follows:
Based on the individual’s responses to the above questions, the portal will provide relevant feedback and will categorise the individual to the portal as a ready borrower or trainee borrower.