Stand Up India Loan Scheme 2024

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Stand Up India Loan Scheme 2024
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Empowering Grassroots Entrepreneurship

Stand Up India Loan Scheme 2024

The Stand Up India Yojana is a government initiative designed to foster entrepreneurship among women and Scheduled Castes and Tribes. Launched on April 5, 2016, the scheme aims to promote grassroots entrepreneurship, focusing on economic empowerment and employment generation. Notably, this scheme has been extended until 2025.

Administered by the Ministry of Micro, Small, and Medium Enterprises (MoMSME), with Khadi and Village Industries Commission (KVIC) serving as the nodal agency at the national level, the Stand Up India Loan Scheme targets individuals in rural areas and socially disadvantaged Scheduled Caste and Scheduled Tribe groups. These economically underprivileged individuals are provided with loans ranging from Rs 1 lakh to Rs 1 crore at favorable interest rates, enabling them to kickstart their own businesses.

Key Points of the Stand Up India Loan Scheme 2024

Scheme Details

  • Name of the Scheme: Stand Up India Loan Scheme 2023
  • Languages: Hindi and English
  • Purpose: Empowering entrepreneurs through information
  • Official Website: More Information


The primary objectives of the Stand Up India Loan Scheme are:

  • Providing loans ranging from Rs. 10 lakh to Rs. 1 crore to Scheduled Caste, Scheduled Tribe, and women entrepreneurs.
  • Fostering entrepreneurship in these marginalized communities.
  • Offering various schemes and programs to support citizens in establishing new businesses.

Main Purpose

The Stand Up India Yojana primarily targets first-time entrepreneurs, covering up to 75% of the total project cost, with the entrepreneur committing at least 10% of the value. This scheme mandates at least one Scheduled Caste or Scheduled Tribe borrower and one woman borrower per bank branch, promoting greenfield enterprises in manufacturing, services, or trading.

Features of the Stand-Up India Scheme

The Stand-Up India Scheme offers various types of loans, including term loans and working capital loans, with the loan amount covering up to 75% of the project cost. One of the notable benefits is the lowest interest rate guaranteed by the bank. Additionally, you can secure the loan with collateral or guarantee from the Credit Guarantee Fund Scheme for Stand-up India Loans (CGFSIL).

The loan repayment period is seven years, with a moratorium period of up to 18 months. For loan amounts up to Rs 10 lakh, overdrafts are sanctioned, and a RuPay Debit Card is issued for convenient fund access. For loans above Rs 10 lakh, the amount is sanctioned as a cash loan limit.

Eligibility Criteria for Stand-Up India Scheme

To benefit from the Stand Up India Yojana, you must meet the following criteria:

  • Only individuals belonging to the SC/ST and women entrepreneurs are eligible.
  • Applicants must be at least 18 years old.
  • The scheme is exclusively for greenfield projects.
  • Non-individual entities, such as existing companies and businesses, can also apply.
  • A minimum of 51% shareholding and controlling stake in the firm should be held by SC/ST and/or women entrepreneurs.
  • The borrower must not have defaulted with any bank or financial institution.

Contact Information for Stand-Up India Loan Scheme 2024

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