Stand-up India: Making dreams come true, more than one lakh women became entrepreneurs

 Stand-up India: Making dreams come true, more than one lakh women became entrepreneurs

Even before the onset of the Corona era, the focus of the Central Government has been to promote entrepreneurship for economic empowerment and employment generation. Stand up India has played an important role in this objective of the government. This is the sixth anniversary of the Stand Up India scheme. Loan amount of more than Rs 30,160 crore has been sanctioned in more than 1,33,995 accounts in 6 years under Stand-up India scheme. Let us know what is the scheme and how is it benefiting the people..

stand up india scheme

The scheme was launched on 5th April 2016 and aims at promoting entrepreneurship for economic empowerment and employment generation at the grassroots in rural areas. The objective of this scheme is to take the benefit of institutional credit to such sections, which were not accessible earlier and include Scheduled Castes, Scheduled Tribes and women entrepreneurs, so that they can also be provided opportunities to share in the economic progress of the nation. The scheme seeks to create an ecosystem that provides and maintains a convenient and conducive environment for doing business. The scheme assists persons willing to borrow for setting up enterprises to obtain loans from bank branches. The facility of this scheme is available in all branches of scheduled commercial banks.

Regarding the scheme, Union Finance and Corporate Affairs Minister Nirmala Sitharaman said that we are celebrating the sixth anniversary of the Stand-up India scheme, it is pleasant to see that so far more than 1.33 lakh employment opportunities have been created under this scheme. And entrepreneurs have been given the facility.

Achievements of the scheme till 21st March 2022

30,160 crores have been sanctioned in 1,33,995 accounts under the Stand Up India scheme since the inception of the scheme till March 21, 2022.

The total number of SC/ST and women community loan recipients to be benefitted under the Stand Up India scheme till March 21, 2022 are as follows:

3976.84 funds were approved for 19310 accounts of scheduled caste people.

1373.71 amount was approved in 6435 accounts of ST.

Similarly, if we look at women beneficiaries, then 24809.89 funds have been approved in 108250 accounts.

Entrepreneurs are creating jobs with money

The Finance Minister said that more than 1 lakh women patrons (promoters) have been benefitted during the six years of this scheme. The government understands the potential of these budding entrepreneurs to drive economic growth, who through their roles create not only wealth but also employment opportunities. The Finance Minister said that under the target of the scheme, more and more beneficiaries of the entrepreneurial class deprived of various types of facilities are included. In this way, we are taking important steps towards building a self-reliant India.

Scheme Features and Achievements

Stand-up India aims to promote entrepreneurship among women and people belonging to Scheduled Caste (SC) and Scheduled Tribe (ST) communities and enable them to start greenfield enterprises in the field of manufacturing, service or business sector and activities allied to agriculture. to provide assistance.

Purpose of Stand-up India

• To promote entrepreneurship among women and communities belonging to Scheduled Castes and Scheduled Tribes. As well as providing loans to greenfield enterprises in the manufacturing, service or trade sectors and activities related to agriculture. To provide bank loan facility between Rs.10 lakh to Rs.1 crore to at least one SC/ST borrower and at least one woman willing to borrow in each bank branch of scheduled commercial banks.

Who can be eligible for the loan?

SC/ST and/or women entrepreneurs who are above 18 years of age

Loans under the scheme are available for projects only. In this context, greenfield means; First time venture of the beneficiary in manufacturing, service or trade sector and activities allied to agriculture.

- In case of non-individual enterprises, 51 per cent shareholding and controlling share should be held by a person belonging to SC/ST and/or woman entrepreneur.

The borrower should not be guilty of non-payment of loan with any bank/financial institution.

The scheme envisages 'up to 15 per cent' of the margin money to be deposited by the borrower, which can be made available as per the provisions of the appropriate Central/State schemes. Such schemes can be availed for availing admissible subsidy or for meeting margin money requirements, but in all cases, the borrower will have to contribute a minimum of 10 per cent of the project cost as his own contribution.

You can take advantage of the scheme from here

Directly by visiting the branch or through Stand-up India Portal ( Apart from this, all the information and benefits related to the scheme can be taken through the Lead District Manager (LDM).

Support and guidance for setting up an enterprise

Online portal has been developed by Small Industries Development Bank of India (SIDBI) for Stand Up India Scheme.Apart from connecting the loan seekers with banks, it also provides guidance to potential entrepreneurs in their endeavor to set up business ventures. These include tasks ranging from training facilities to filling loan applications as per the requirements of the bank. Through a network of over 8,000 hand-holding agencies, the portal facilitates step-by-step guidance to connect borrowers with specialist agencies, such as skill development centres, support and guidance , Entrepreneurship Development Program Centre, District Industries Center etc.

Changes in stand up india plan

In line with the announcement made by the Union Finance Minister in the budget speech for the financial year 2021-22, the following changes have been made in the Stand Up India scheme-

The limit on advance amount (margin money – which has to be deposited in the bank for availing loan) by a borrower of credit has been reduced from ‘up to 25 per cent’ of the project cost to ‘15 per cent’. However, at least 10 per cent of the project cost will continue to be contributed by the borrower as his own contribution.

- 'Activities allied to agriculture' Examples – fisheries, beekeeping, poultry, livestock, rearing, grading, sorting, agro-industry aggregation, dairy, fisheries, agriculture and agribusiness centres, food and agro-processing (crop credit and Enterprises involving canals, irrigation, wells (except land upgradation) etc. and services supporting these enterprises, will be considered eligible for the scheme.

In order to expand the facility of availing loans without mortgage, the Government of India has set up the Credit Guarantee Fund for Stand Up India (CGFSI). Apart from providing credit facilities, the Stand Up India scheme also envisages providing support and guidance to potential borrowers. There is also a provision for coordination with the schemes of the Central / State Government. Applications under this scheme can also be submitted online on the portal (

making dreams come true

India is moving fast on the path of development. Along with this the hopes, aspirations and expectations of potential entrepreneurs are also increasing. They want to set up an enterprise of their own, so that they can be successful and grow on their own. Such entrepreneurs are spread across the country and are full of innovative ideas to contribute towards themselves and their families. The scheme envisages to support the energy and enthusiasm of SC, ST and women entrepreneurs and make their dreams come true by removing various obstacles that come in their way.

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