Stand Up India Loan Scheme

Stand Up India Loan Scheme was launched in the year 2016 by honorable Prime Minister Narendra Modi, to give Barossa to the low community people like SC/ST or women. The main reason behind the scheme was to provide the loan for those who seek for the individual entrepreneurs it might be SC/ST or woman.

This scheme plans to fulfill providing loan up to the range of Rs 10 lakh to the 1 crore rupees, the loan can apply at any bank in India community. If in case applying for the loan by the group you’ll get offers up to the 51% to the stockholders or woman.

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Eligibility Of Stand Up India Loan Scheme

  • The applicant must be beyond 18 years
  • The applicant can be either woman or under the category of SC/ST
  • This loan is meant for only to establish the greenfield projects
  • The launching project should be the fresh plan
  • If a loan is taken for the non-individual green fields then the shareholding

Compulsory of 51%

  • The loan applicant must be the fresher to apply for the loan scheme

Documents for Stand Up India Loan Scheme

  • Category SC/ST/woman
  • Location of the purchaser
  • The blueprint of the fresh project
  • Land space to develop that project
  • Details of the bank account
  • The worth of self-investment to the project
  • Any previous experience in business
  • The requirement of skills/ training(technical and financial)

Features and Benefits Of Stand Up India Loan Scheme

  • Availability – this will be provided to all the commercial bank branches via stand up India portal or via District manager
  • Reason for loan- to give chance to the fresher either for woman SC/ST categories those have new venture to explore
  • Security- for high security the applicant needs to provide the guarantee credit is required for the bank
  • Repayment loan- maximum of 7 years after sanctioning the loan the crucial period of 18 months

Application process Of Stand Up India Loan Scheme

  • Identity proof of voter card, passport, Pan card, license, bank account details
  • Proof residence: recent telephone bills, electrical bills, the property tax receipt
  • Guarantee about the business location
  • Rent agreement
  • Documents for verification purpose which belongs to SC/ST category
  • Photocopies of landmark
  • Submission of bank details for the further process
  • The whole process can be done directly at the branch
  • Through the web site of standupmitra.in or through the Lead District Manager(LDM)

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