Government of India launched the Stand Up India scheme in 2016.
The Scheme facilitates bank loans between Rs.10 lakh and Rs.1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one Woman borrower per bank branch for setting up greenfi eld enterprises.
This enterprise may be in manufacturing, services or the trading sector.
Conditions to qualify for the loan include:
At least 51 percent stake should be held by an SC, ST or woman entrepreneur for a non-individual enterprise
The margin money is reduced from ‘up to 25 percent’ to ‘up to 15 percent’ of the project cost
Stand up India Scheme