{"id":153755,"date":"2021-12-16T13:30:37","date_gmt":"2021-12-16T08:00:37","guid":{"rendered":"https:\/\/blog.forumias.com\/?page_id=153755"},"modified":"2021-12-16T13:30:37","modified_gmt":"2021-12-16T08:00:37","slug":"stand-up-india-scheme","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/stand-up-india-scheme\/","title":{"rendered":"Stand Up India Scheme"},"content":{"rendered":"<p><strong>News:<\/strong> The government has informed the Lok Sabha about the implementation of the Stand-Up India Scheme. More than 81% of the accounts under the Stand-Up India Scheme belong to women entrepreneurs.<\/p>\n<p><strong>About Stand-Up India Scheme:<\/strong> Stand-Up India Scheme for financing SC\/ST and\/or Women Entrepreneurs.<\/p>\n<p><strong>Ministry:<\/strong> Launched in 2016 by the<span style=\"text-decoration: underline;\"> Department of Financial Services, Ministry of Finance<\/span>.<\/p>\n<p><strong>Objective:<\/strong> The Stand-Up India Scheme facilitates bank loans for setting up a new enterprise in manufacturing, services, agri-allied activities, or the trading sector by SC\/ST\/Women entrepreneurs.<\/p>\n<p><strong>Bank Loan:<\/strong> It provides bank loans between Rs 10 lakh and up to 1 crore.<\/p>\n<ul>\n<li>The government does not allocate funds for loans under the Scheme. They are extended by Scheduled Commercial Banks(SCBs).<\/li>\n<\/ul>\n<p><strong>Eligibility condition for Stand-Up India Scheme:<\/strong><\/p>\n<ul>\n<li><span style=\"text-decoration: underline;\">SC\/ST and\/or woman entrepreneurs above 18 years of age<\/span>.<\/li>\n<li>Loans under the scheme are available <span style=\"text-decoration: underline;\">only for Greenfield projects<\/span>. Greenfield signifies the first-time venture of the beneficiary in the manufacturing, services, agri-allied activities or the trading sector.<\/li>\n<li>In the case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC\/ST and\/or Women Entrepreneur.<\/li>\n<li>Borrowers should not be in default to any bank\/financial institution.<\/li>\n<\/ul>\n<p><strong>Repayment:<\/strong> The loan is repayable in 7 years with a maximum moratorium period of 18 months.<\/p>\n<p><strong>Duration of the Scheme: <\/strong>The Stand-Up India Scheme has been extended up to the year 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>News: The government has informed the Lok Sabha about the implementation of the Stand-Up India Scheme. More than 81% of the accounts under the Stand-Up India Scheme belong to women entrepreneurs. About Stand-Up India Scheme: Stand-Up India Scheme for financing SC\/ST and\/or Women Entrepreneurs. Ministry: Launched in 2016 by the Department of Financial Services, Ministry&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/stand-up-india-scheme\/\">Continue reading <span class=\"screen-reader-text\">Stand Up India Scheme<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-153755","page","type-page","status-publish","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/153755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=153755"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/153755\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=153755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}