Stand up India scheme for SC/ST – Points to knowStand up India scheme for SC/ST
Where was it launched?
Noida, UP, on April 5 , 2016
What is it?
Standup India was launched by Prime Minister Narendra Modi on 5 April 2016 to support entrepreneurship among women and SC & ST communities
Its aim?
To promote entrepreneurship among SC/ST and women and further give a push to government’s financial inclusion programme.
Refinance option?
The scheme will provide refinance loan through Small Industries Development Bank of India (SIDBI) with an initial amount of 10,000 crore rupees.
Total money earmarked for the scheme?
5,000 crore rupees. Scheme has corpus of 5,000 crore rupees for credit guarantee through National Credit Guarantee Trustee Company (NCGTC).
Loan amount?
Between 10 lakh rupees and up to 1 crore rupees.
The scheme will target how many entrepreneurs?
2.5 lakh entrepreneurs throughout the country in 36 months from the launch of the Stand Up India scheme.
Target per bank branch?
At least two projects per bank branch, on an average one for each category of entrepreneur. That's one for ST and one for SC.
The scheme will also provide?
Support for borrowers with comprehensive support for pre loan training needs, facilitating loan and marketing of their products.
Background
The Start up India Stand up India initiative was announced by the Prime Minister in his address to the nation on 15th August, 2015. The Stand up India component is anchored by Department of Financial Services (DFS) to encourage greenfield enterprises by SC/ST and Women entrepreneurs.
Where was it launched?
Noida, UP, on April 5 , 2016
What is it?
Standup India was launched by Prime Minister Narendra Modi on 5 April 2016 to support entrepreneurship among women and SC & ST communities
Its aim?
To promote entrepreneurship among SC/ST and women and further give a push to government’s financial inclusion programme.
Refinance option?
The scheme will provide refinance loan through Small Industries Development Bank of India (SIDBI) with an initial amount of 10,000 crore rupees.
Total money earmarked for the scheme?
5,000 crore rupees. Scheme has corpus of 5,000 crore rupees for credit guarantee through National Credit Guarantee Trustee Company (NCGTC).
Loan amount?
Between 10 lakh rupees and up to 1 crore rupees.
The scheme will target how many entrepreneurs?
2.5 lakh entrepreneurs throughout the country in 36 months from the launch of the Stand Up India scheme.
Target per bank branch?
At least two projects per bank branch, on an average one for each category of entrepreneur. That's one for ST and one for SC.
The scheme will also provide?
Support for borrowers with comprehensive support for pre loan training needs, facilitating loan and marketing of their products.
Background
The Start up India Stand up India initiative was announced by the Prime Minister in his address to the nation on 15th August, 2015. The Stand up India component is anchored by Department of Financial Services (DFS) to encourage greenfield enterprises by SC/ST and Women entrepreneurs.