{"id":93733,"date":"2021-03-11T19:22:12","date_gmt":"2021-03-11T13:52:12","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=93733"},"modified":"2021-03-11T19:22:12","modified_gmt":"2021-03-11T13:52:12","slug":"present-status-of-stand-up-india-scheme","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/present-status-of-stand-up-india-scheme\/","title":{"rendered":"Present Status of &#8220;Stand Up India Scheme&#8221;"},"content":{"rendered":"<p><strong>What is the News?<\/strong><\/p>\n<p>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><\/p>\n<ul>\n<li><strong>Ministry: <\/strong>Launched in 2016 by the Department of Financial Services, Ministry of Finance.<\/li>\n<li><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.<\/li>\n<li><strong>Bank Loan: <\/strong>It provides bank loans between Rs 10 lakh and up to 1 crore.\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<\/li>\n<li><strong>Eligibility condition for Stand Up India Scheme<\/strong>:\n<ul>\n<li>SC\/ST and\/or woman entrepreneurs above 18 years of age.<\/li>\n<li>Loans under the scheme are available only for greenfield projects. 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<\/li>\n<li><strong>Repayment<\/strong>: The loan is repayable in 7 years with a maximum moratorium period of 18 months.<\/li>\n<li><strong>Duration of the Scheme: <\/strong>The Stand-Up India Scheme has been extended up to the year 2025.<\/li>\n<\/ul>\n<p><strong>Source: <\/strong><a href=\"https:\/\/pib.gov.in\/PressReleseDetailm.aspx?PRID=1703554\"><strong>PIB<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the 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: Ministry: Launched in 2016 by the Department of Financial Services, Ministry of Finance. Objective:&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/present-status-of-stand-up-india-scheme\/\">Continue reading <span class=\"screen-reader-text\">Present Status of &#8220;Stand Up India Scheme&#8221;<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,956,9,959],"tags":[1303],"class_list":["post-93733","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-schemes-and-programs","category-public","category-schemes","tag-eco_8","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704852411},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/93733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=93733"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/93733\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=93733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=93733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=93733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}