Stand-Up India extended till 31 March 2031 with ₹4,111 crore guarantee fund

Union Cabinet chaired by PM Narendra Modi approved on 11 November 2026 continuing Stand-Up India for five more years, till 31 March 2031. It also cleared a ₹4,111 crore credit guarantee fund, with a target of 2.5 lakh more SC, ST and women entrepreneurs.

Under the Stand Up India loan scheme, banks give loans above ₹10 lakh and up to ₹1 crore for a new (greenfield) business in manufacturing, services, trading or agriculture-allied work. Borrowers can pick a composite loan, which mixes term loan and working capital, or only a term loan. The loan can cover up to 85% of project cost.

Guarantee cover is 85% of the loan amount, with a standard guarantee fee of 0.50%. Since April 2016, over 2.75 lakh women, SC and ST entrepreneurs have got loans under the scheme.