The scheme provides bank loans between 10 lakh and 1 crore for setting up greenfield enterprises by SC/ST and/or women borrowers. The loan is composite, with interest rate not exceeding base rate + 3%, and repayable in 7 years with 18 months moratorium. What is Stand-Up India? Stand-Up India Scheme Facilitates bank loans between ₹10 lakh and ₹1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. Stand Up India Scheme is a government initiative to promote entrepreneurship among SC/ST and women borrowers. It offers loans up to Rs. 1 crore for greenfield enterprises in trading, manufacturing and services sectors. However, the Stand-up India Scheme has been launched by Government of India to encourage Scheduled Caste entrepreneurs without any income criteria. Therefore, Banks which are implementing agencies are not mandatorily collecting any income details from the applicants under the Scheme.
