STANDUP INDIA Scheme Explained | Get Loan Upto Rs. 1 Crore for your Business | Standup India Scheme

Know more about Standup India Scheme from our experts here - STANDUP INDIA Scheme Explained | Get Loan Upto Rs. 1 Crore for Your Business | Governement Scheme Benefits Stand-Up India was launched by the Government of India on 5 April 2016 to support entrepreneurship among women and SC & ST communities. It is similar to but distinct from Startup India. Both are enablers and beneficiaries of other key Government of India schemes, such as Make in India, Industrial corridor, Dedicated Freight Corridor, Sagarmala, Bharatmala, UDAN-RCS, Digital India, BharatNet and UMANG. Stand Up India Scheme facilitate bank loans between 10 lakh and 1 crore to atleast one scheduled caste (SC) or Scehduled Tribe, borrower and atleast one women per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held