Stand Up India Loan Scheme – Apply, Eligibility & Interest Rates

हिंदी में पढ़ें Updated: By: 140 Comments - Leave a Comment Ministry: Ministry of FinanceBeneficiaries: SC/ST, Women,

Launched on 5th April, Stand Up India is a new initiative by the Government of India for the schedule caste, backward tribes & women. It is basically a loan scheme to provide financial assistance to lower sections of the country. The stand up India scheme also promotes entrepreneurship and employment among SC/ST and women.

Main objective of Stand Up India Loan Scheme

The main objective of the scheme is to provide financial aid to SC/ST and women to promote entrepreneurship and employment in the country. The financial aid will be provided to set up and grow businesses to SC/ST and women in need. The initiative will also encourage young minds to come up with innovative ideas and create job opportunities in the country.

Amount of Financial Aid
The loan amount aid under the scheme would vary between Rs. 10 lakh to 1 Crore. The initiative will allow and enable under-served to utilize the institutional credits in the form of bank loans. Under the Stand Up India initiative, RuPay debit cards will be issued to the borrowers to withdraw the money/capital for operations.

The funds allocated under the scheme will help borrowers start their ventures and overall grow the economy of country. Other than the financial aid, the government will also help eliminate the legal and operational hurdles for entrepreneurs under the scheme.

How to enroll/apply for Stand Up India Loan

Central government may launch a dedicated web portal soon where the interested candidates can apply online for the loan under Stand Up India scheme. A self certification system will also be launched for the same purpose. The interested applicants can fill the online application forms by filling all the required data such as personal details, proposed business details etc.

The applicants will be required to submit their plan of action along with the legal documents to validate their loan requirements.

Eligibility Criteria for Stand Up India Loan Scheme

Government plans to reach out a maximum people and provide financial aid to start their businesses. But, it will not be feasible to provide loans to everyone. The applicants will be required to abide the rules and guidelines of the stand up India scheme. The designated team will review all the loan applications and approve only those showing true need and potential of success.

The basic eligibility criteria for stand up India scheme is

Central Government Schemes 2020केंद्र सरकारी योजना हिन्दीPopular Schemes in Central:Narendra Modi Schemes ListNREGA Job Card Listसरकारी योजनाओं की सूची हिंदी में

  • The company should be a private limited/LLP or a partnership firm.
  • The age of the company/firm should not be more than 5 years.
  • The annual turnover of the company should not exceed Rs. 25 Crore.
  • A company dealing with commercial goods or innovating consumer products with approval from DIPP (Department of Industrial Policy & Promotion) will only be eligible for the loan.
  • The company should also produce few more letters/documents at the time of application.

Benefits of Start up India Scheme

The stand up India loan scheme will benefit four kinds of individuals mainly angel investor, incubator, consultant and entrepreneurs. The scheme gives right platform to everyone and grow their businesses.

Start up India provides professional advice, time, and knowledge about laws to the angel investors and aid for initial two years of the first stage of the scheme. An incubator will get right coaching and expertise knowledge to shape their ideas and thoughts into a definite shape and structure.

The main benefit is for the loan borrowers, they need not to worry so much about paying back the loan amount. The borrowers will be given a time of up to 7 years to pay the loan amount. The loan borrower also have the freedom to choose the amount to be paid back per month.

Tax benefits under Stand Up India Scheme

The government will provide 80% rebate on patent filing fee under the scheme if the patent is filed by a startup. The scheme includes Credit Guarantee Fund and entrepreneurs need not to pay any income tax for the first 3 years. This will help startup grow at even faster pace without worrying about paying heavy taxes.

Interest Rates Under Stand Up India Loan Scheme

For sure, the loan under Stand Up India scheme will be provided at interest rate less than any other commercial loans provided by the financial institutions. The low interest rates charged to the borrowers will also help reduce the burden of paying back the loan amount. The interest rate may also depend upon the loan amount which vary between Rs 10 Lakh and 1 Crore.

Funding under the scheme

Initially, the central government of India has approved Rs. 10,000 Crores for the scheme. The funds will be allocated to the under privileged to encourage the innovative ideas.

Key features of Stand Up India Loan Yojana

  1. The stand Up India initiative aims to support 2.5 lakh Women and SC/ST entrepreneurs to set up and grow their businesses.
  2. The government has set a target sanction 2.5 lakh loans in a time frame of 36 months.
  3. The scheme will provide 100% relaxation in income tax for startups for first 3 years.
  4. The loan application process and licensing process is to be automated for quick actions and faster approval.
  5. The government will launch dedicated website and application to help interested candidates.
  6. Financial aid amount for the startups will vary between Rs. 10 Lakh to 1 Crore.
  7. 80% rebate on the patent application fee will be refunded to the the entrepreneurs.
  8. The exit process only takes 90 days to wind up the entire process.
  9. More than 5 lakh schools across the country will be covered under the program to promote innovation core programs.

Helpline for Start up India
At present, there is no dedicate support team to help interested candidates regarding the scheme. However, more information about the initiative can be obtained by calling to concerned group at 011 40540722.

SAVE AS PDF
Related Content

140 thoughts on “Stand Up India Loan Scheme – Apply, Eligibility & Interest Rates”

  1. Sir I want to do a new business .so i request u what are the processess to take the loan under standup india yojna

    Reply
  2. these schemes are not for poor , these all schemes are for sc/st only . i want to ask you a question , cant a gen. category person poor? .

    Reply
  3. Dear sir /Madam
    I want to start a business with help of start up India loan but no one is helping pls suggest what I can do.

    Rgds
    Vikash

    Reply
  4. Sir I belong to SC caste & I wanted to start wedding decorations business can I get loan for this if yes then please tell the formalities I have to do.

    Reply
  5. SIR Muzaffarnagar m koi bi sanstha start up loan nahi deti bank bolte h aise koi scheme nahi h sir m apna business start krna chahta hu but government sath ni deti h or bolte h garibo ke liye yojna h but loan to sirf amerio k hi accept kiye jate h or bank maneger baat ni krte jin ke beech m broker hote h loan bi unhi logo ka hota h

    Reply
  6. Hai my name is Jaya Christy I have all the documents.I need some guide and support kindly guide me. kindly support me.

    Reply
  7. sab jhuth falsh hai ye sab neta mantri vidhayak ke liye hai public keliye nhi hota.
    kyun sab itna vishwas karte ho yhaan ke loktantra par. loktantra neta keliye amir keliye chor ke liye badmash keliye aatanki ke liye gathit jati dharm ki sarkar hai hai. samvidhan sirf dikhane keliye bana hai

    wo kahten hain na Hathi ke dant dikhane ke aur khane ke aur hote hain wahi yahaan ke samvidhan ki hal hai.

    Reply
  8. sir
    I am raju kumar vill+po-Sandh ps -sirdala Nawada Bihar 805127 main kya krun jo hume bisnus ke liye lone mil sake . main bahoot har gaya hun thak gaya hun ab duniya se tang aa gaya hun .
    agar mujhe koyi bisunes ke liye lone nhi mila to ……………….

    Reply
  9. sir aapki vyapaar ki sari yojana bekar hai jab tak vayapaari ko vayapaar ke liye sahi mahol nahi milta.. ek chota kaamgar kaise market me vayapaar kar payega jab usko kachcha maal sasta nahi milega…. agr har bhartwasiyo ko vayapaar ka sahi mahol mil jaye to hum logo ko goverment ke ek rupaye ki bhi jarurat nahi hi… 7% par kaam karne wala aadmi goverment ko 12,18 aur 28 % GST deta h wo bhi ek baar nahi jab tak ek maal bazaar me nahi pahuch jata us par kam se kam 5 baar gst lag jata h…
    jo samaan is desh ke nagriko ko 3 rs me milni chahiye wo samaan govt ke karan 10 rupaye me milti hai….
    pahle janta par gst ki maar aur uske upar income tax ki bhi maar……yojana mme lagne wala paisa usi janta ka hai….sirf naam aapka hai….

    Reply
  10. Hello ppl

    i would like to start one restaurant in hyd so am i eligible for stand up,,,,please let me know………can i apply stand up scheme to start restaurant…

    Reply
  11. sir mh pooja punjab shh hu sir mh sc categiriy sh hu mh traning air hostes ki traning lena cahhti hu sir sir muje 2,50,000 ru cahiye pikzz help me thanks

    Reply
  12. सेवा मैं
    श्रीमान नरेन्द्रमोदी जी
    सर-
    सविनय निवेदन है कि सर जी एक लोन का लाभ मुझे भी दिलाने की कृपा करें आपकी अति कृपा होगी

    मेरा मोबाइल नम्बर-8650033438

    आपका आज्ञाकारी शिष्य
    अमित कुमार दिनांक 27/072017

    Reply
  13. I am ashok kumar sc..start new business agricolchar poutary farming pilz helf bank Loan allevl document and cpdo safitict and udhyog register msme pilz helf bank Loan

    Reply
  14. Respected Sir,
    I want to get a loan from Start Up India for goat farming, can I get loan for that, if yes then how much I ll get loan.
    N please give me more information about how can I apply for this loan.
    Thank you sir.

    Reply
  15. I want to get loan under standup India scheme .but we don’t’ know how to apply.pls give more inf about that

    Reply

    Reply
  16. Dear sir,
    I want to get a loan start up India.
    How can I get the loan
    I will start a bussiness so
    please Help me sir
    Thank u sir

    Reply
  17. Dear sir I want to 30L for the two wheeler dealership in my area so how to apply for the stand up India so that I will run my own business.

    Reply
  18. Dear sir iwant loan amount 50 lacks for the project of grocery furits & vegetables supermarket Retail & online Distribution company Startup india schem business so please help me sir

    Reply

    Reply
  19. Dear sir iwant loan amount 50 lacks for the project of grocery furits & vegetables supermarket Retail & online Distribution company Startup india schem business so please help me sir

    Reply
  20. Dear sir iwant loan amount 50lacks for Retail online vegetables& fruits and grocery business but i have no running business only business idea so please advise me sir

    Reply
  21. Dear
    sir
    I want to get a loan start up india scheme. how can I get the loan
    I will start a super market. so please
    help me. I sc candidate

    Reply
  22. Respected sir,
    I want a loan about 25lakh,to start our another place Devghar (laundry plant). If possible ASAP plzzz revert me other wise I understand it’s a fake Start-up India.I have almost all papers to start a new business.

    Reply
  23. Sir mujhe ek footwear ki shop kholni hai iske liye mujhe kuch lone chahiye. Plz bataye ki iska kya process hai aur ye kaise prapt hoga.

    Reply
  24. Sir i need 15lacs loan for traning centre as computer repair. Mobile repair. Yoga classes how can processur for loan . Iwant after traning provide unimployed people get job. So please please guide perpuse of loan.

    Reply
  25. Dear Sir ,
    i want loan amount for the project of Flush Door , Laminate Door , Home Furniture product manufacturing company of our own brand .so please guide me how can be get loan from stand up India schem.
    Thanks

    Reply
  26. sir, I want loan amount for the project of Mineral drinking water Plant. Mudhra bank can me provide the entire amount contusion and land of stall project. please guide for this purpose of loan.

    Reply
  27. we are two partner .we just passout b.tech this year 2016. we want to open our cooler and some other electric product manufacturing company of our own brand . but we have no capital for this bussinus . so how can we arrenge money or loan from bank .we have zero capital for this but we want to do this businuss

    Reply
  28. sir we have a partnership firm of developer.we wand to build a residential building for sell. we need a loan of 1 crore. how can we get. we have a new firm. please suggest. we comes in open cast category.

    Reply
  29. sir i am a physical challenge(DIBYANG). my family is very poor. i want a business but financial conditions very critical .my number 7873546950

    Reply
  30. sir, i wat loan amount 1 cr for the project i want to create in tourism filed in my one land near river bank
    in a foam of resort how i ll go to proceed .

    Reply
  31. SIR THIS IS NITIN KHANNA FROM JALANDHAR (PUNJAB). I AM DOING TRADING OF VALVES & COCKS. I WANT TO GET LOAN OF 15LAKHS. PLEASE GUIDE ME HOW CAN I APPLY THIS LOAN.
    THANKS & REGARDS

    Reply
  32. sir
    I want open a school for business purpose and also charitable for poor children.for this purpose I want loan under the scheme stand up India.kindly advice me how aply for loan.

    Reply
  33. I am Srihari Dalai, belongs to SC category, I am interested for a start up business as a COMMERCIAL LAYERS, So I need a loan amount INR Five Crore, please help me out for getting this loan, my Mob no-9000905600, [email protected]

    Reply
  34. I m housewife and I start a ayurvedic medical store to a poor and old age people patient.helping for small budget medicines to cure from every health problem so I need stand up loan to start and I have not financial help from anywhere

    Reply
  35. Sir
    I am jitendra Kumar,belong to sc
    I want to get loan from stand up India scheme.How can I get the loan give me instructions & I will start to small water business,
    thankyou

    My no.8009427639

    Reply
  36. Sir I want to get loan from stand up India scheme.How can I get the loan.I will start to small supermarket.so please help me sir how to get it. we are not financially sound.Thank you.

    Reply
  37. Dear sir i am Tushar s Sapakale from kurha Kakoda Tal_Muktainagar Dist_Jalgaon state_Maharashtra.i am so glad to see this sceam i am so interested its helps me for earning so pls guide me
    Thanking you

    Reply
  38. Sir/mam
    I am a teacher in govt. School . I want stand a byssiness in my nearly town binaganj. I like a see a change in peoples habit of shopping.
    So please give me a idea for loan by stand up start up India.
    Thanks sir/mam

    Reply
  39. INSTEAD OF GETTING A LOAN,, I GOT SOMETHING NEW
    Get $5,500 USD every day, for six months!

    See how it works
    Do you know you can hack into any ATM machine with a hacked Atm card??
    Make up you mind before applying, straight deal…

    Order for a blank Atm card now and get millions within a week!: contact us
    via email address:: [email protected] gmail.com

    We have specially programmed ATM cards that can be use to hack ATM
    machines, the ATM cards can be used to withdraw at the ATM or swipe, at
    stores and POS. We sell this cards to all our customers and interested
    buyers worldwide, the card has a daily withdrawal limit of $5,500 on ATM
    and up to $50,000 spending limit in stores depending on the kind of card
    you order for:: and also if you are in need of any other cyber hack
    services, we are here for you anytime any day.

    Here is our price lists for the ATM CARDS:

    Cards that withdraw $5,500 per day costs $150 USD
    Cards that withdraw $10,000 per day costs $255 USD
    Cards that withdraw $35,000 per day costs $550 USD
    Cards that withdraw $50,000 per day costs $3670 USD
    Cards that withdraw $100,000 per day costs $5600 USD

    make up your mind before applying, straight deal!!!

    The price include shipping fees and charges, order now: contact us via
    email address:: [email protected] gmail.com

    Reply
  40. Sir,
    . I want to open a GYM… So that’s why I need Money near about 5Lakhs…. So please provide me and help …to open a Gym…

    Reply
  41. Sir mera name mohd miya hai kiya mujh ko bhi stend up india se loan miljayega agar ha to kese kiya karna hoga mai apna koi personal bissnes karna chah taho magar mujh ko paiso ki zarorat hai.plz help me

    Reply
  42. Sir me refrigeration service shope kholana chahata hu lone lena chahata hu jisake liye 200000 lakh ka lone chahiye pls helpe me me refrigeration ka kusal karigar hu 9754007448

    Reply
  43. SIR,
    I WANT A LOAN UNDER PM MODI STAND UP YOJNA FOR BUSSINESS.MY FINANCIAL CONDITION IS POOR. PLEASE TELL ME HOW CAN I APPLY FOR LOAN.WHERE I CAN APPLY.

    Reply
  44. Sir,I want to get loan and start a new medicalstore in my city and it will very helpful for our pepole.thats why I want to loan from stand up lndia scheme to start a medicalstore .pls giving details about the loan .I belongs to the sc category (9483695854)

    Reply
  45. Sir I want start new own medicalstore in my city and it very helpful for our pepole.thats why Iwant loan from stand up lndia scheme .pls giving details about the loan .(9483695854)

    Reply
  46. Sir i am rajesh mehra is sc cost sir dary hatu mujha lon ki absakta hai sir yaha pay panchyat balay sarpanch sacep koi yjna nahi batay hay sis ples mey ak yang yubak sir ples my halp me

    Reply
  47. ir I want to get loan from stand up India scheme.How can I get the loan.I will start to small supermarket.so please help me sir how to get it.My no9911998843.Thank you.

    Reply

    Juanid Ahmad New Delhi

    Reply
  48. Dear sir ,I am Ravi from bodhgaya .I belongs from SC caste I have need to take loan…for start the business of water plant in bodhgaya (bihar) so if possible plz help us sir …I will pay the loan as soon as after the business.

    Reply
  49. Dear sir , I want to start a import export business . so want to get a loan from this scheme . plz tel me sir how I can apply for this loan and what steps I do for getting this loan . plz give me reply and ur great wishes also.I hope U will help me…….. Bcoz that much believe and loves upon u sir …..
    Thank u

    Reply
  50. Sir I want to get loan from stand up India scheme.How can I get the loan.I will start to small supermarket.so please help me sir how to get it.My no.9198239582.Thank you.

    Reply
  51. Sir I want to get loan from stand up India scheme.How can I get the loan.I will start to small supermarket.so please help me sir how to get it.My no.9790820977.Thank you.

    Reply
  52. Dear Sir,

    Kindly help me to give us the loan its very important for me, as because i have to run my family and my financial was not so good..

    Thanking you.

    Reply
  53. I want a this loan I have a better business plan “natural ayurvedic sambar masala” plz give me reply sir plzzzzzzz sirji I am very poor family sir please tell me how to apply sir please believe me sir. 9553752070

    Reply
  54. I want to take a loan for start business. I am a defaulter but not intensionally. Am I eligible for the same and how I can I get the loan please reply.

    Reply
  55. Dear Sir/Madam,

    I want to make chicken firm and goat fir in Odisha kindly suggest me how can I get the loan from stand up India so that I will run my own business.

    Thanks & Regards,

    Nandita Behera

    Reply
  56. Sir,, I want to open a poly bag machine.for that purpose.I just want taken loan under the scheme stand up India…so kindly advice me how to apply for loan..or sir Iam in sc category… So plz advice me…..

    Reply
  57. Sir,, I want to open a restaurant.for that purpose.I just want taken loan under the scheme stand up India…so kindly advice me how to apply for loan..or sir Iam in general category… So plz advice me…..

    Reply
  58. sir/madum, I want open a school for business purpose and also charitable for poor children.for this purpose I want loan under the scheme stand up India.kindly advice me how aply for loan.

    Reply
  59. Ji, me also want to be the loan.i like the scheme. But iam a mbc community.iam opening for online shopping business in world level please inform

    Reply
  60. SIr,

    Iam kusuma from vizag,sir please tell me how to aplly for this loan,i have started a small super market,so please tell me what is the process for this loan.

    Thanks

    Reply
  61. I want to get loan from the stand up scheme for setting up piggery firm, so please help me that I may get loan. Thanks.

    Reply

Leave a Comment

CLOSESHARE ON: