Stand Up India Scheme: A scheme was started by the government to increase the participation of women and make them self-reliant. The main objective behind starting this scheme is to increase the participation of women. The name of this scheme is Stand Up India Scheme. Stand-Up India Scheme provides funds to women entrepreneurs and people falling under SC/ST category of the society.
Financial assistance is provided
Stand-up India scheme was launched by the Government of India to provide financial assistance mainly to the people of SC/ST category. The objective of this scheme is to provide assistance in providing loans between Rs 10 lakh to Rs 1 crore to at least one SC/ST applicant and one woman entrepreneur from every bank branch to enable them to set up their own enterprise (business). Have to do.
Loan ranging from Rs 10 lakh to Rs 1 crore is available
Under this scheme, the government provides you a loan ranging from Rs 10 lakh to Rs 1 crore. Stand-up India Scheme will be operated by all branches of listed commercial banks in India. The main focus of this scheme is to provide financial assistance to enterprises serving the services, manufacturing and trading sectors. At least 51% control and stake in non-individual enterprises must be held by either the woman applicant or a person belonging to SC/ST.
प्रधानमंत्री फ्री आवास योजना
Features of Stand Up India Scheme
- The applicable interest rate is decided by the bank for that category, which will be higher than MCLR + 3% + tenure premium.
- The minimum age criteria for taking loan under Stand Up Scheme for Scheduled Caste/Scheduled Tribe people and female applicants has been fixed at 18 years.
- Loans for green field projects are offered only to those entrepreneurs who are doing business in the manufacturing or trading sectors for the first time.
- The applicant should not have a default record in any bank or NBFC.
- The total loan amount (which includes term loan and working capital) is offered between Rs 10 lakh and Rs 1 crore.
- Loans arranged by banks are protected by the guarantee of the Credit Guarantee Fund Scheme.
- Loans for SC/ST and women entrepreneurs can be used only for setting up new businesses in trading, services and manufacturing.
- The loan tenure is maximum 7 years and maximum moratorium period is 18 months.
Important documents for taking loan
- passport size photo
- identity certificate
- Address proof
- business address proof
- Memorandum of Association of the company
- partnership deed
- photocopy of lease
- rent agreement
- Balance sheet of last 3 years
- Assets and Liabilities Statement of Promoter and Guarantor
प्रधानमंत्री विश्वकर्मा लोन योजना
Register for loan this way
- To register, you need to register with Stand-up India. official website will go on.
- First of all, the registration form has to be filled in the business column.
- Now you have to select whether you promoter belongs to women category or SC / ST category and has 51% or more stake in the business.
- The applicant has to select the scheme, nature of business, loan amount, nature and information of business activity, location of business and first time entrepreneurs drop down.
- Now you have to enter information about your previous business experience by mentioning years of business activity, business experience and nature.
- Hand holding support has to be ticked as desired.
- Now the applicant will have to enter his personal information.
- Finally by clicking on Register the application process will be completed.
- After this, you will have to contact bank officials for more information.
