Stand Up India Loan Scheme 2023: Application Form, Interest Rate, Eligibility

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Stand Up India Loan Scheme 2023:- The Stand Up India Loan Scheme is an initiative that government of India taken to promote entrepreneurship among women, Scheduled Castes (SC), and Scheduled Tribes (ST). With the help of the scheme, the government will be providing loans to start new ventures in the non-farm sector. The scheme aims to facilitate bank loans between Rs. 10 lakhs to Rs. 1 crore for setting up Greenfield enterprises in manufacturing, trading, or service sectors. This program will also open many job opportunities for the women.

Stand Up India Loan Scheme

Stand Up India Loan Scheme 2023

On 15 August 2015, the Stand Up India Loan Scheme was launched by the Prime Minister of India Mr. Narendra Modi with a motive to help and make women empowered. This program will benefit about 2.5 lakh beneficiaries. According to this scheme, the loans will be given to scheduled castes, scheduled tribes, and women borrowers. The loan will be given to establish a Greenfield Enterprise. To take the benefits of the scheme, it is necessary for a borrower to be an Indian citizen and should be from SC/ST category.

SBI Stree Shakti Yojana

Stand-Up India Loan Scheme 2023 Key Highlights

Name of the articleStand Up India Loan Scheme  
Launched ByPrime Minister of India Mr. Narendra Modi
BeneficiariesWomen residents of India
AimTo provide loan to set up enterprise
Application modeOnline
Launched OnOn 15 August 2015
Websitehttps://www.standupmitra.in/

Stand Up India Loan Scheme Objective

The main motive to start the Stand Up India Loan Scheme is to promote entrepreneurship among women, Scheduled Castes (SC), and Scheduled Tribes (ST). Through this scheme, the women will also be provided access to credit facilities to start their own ventures. It will promote economic growth and job creation by allowingambitious entrepreneurs from marginalized communities to access credit at affordable rates.

MP Krishak Byaj Mafi Yojana

Benefits of Stand Up India Loan Scheme

  • With the help of this scheme, the financial support will be given to set up Greenfield Enterprise.
  • According to this scheme, the SC, ST or women entrepreneurs will be receiving financial help from Rs, 10 lakhs to Rs 1 crore.
  • The scheme will help in increasing the employment rate of the state.
  • It encourages the entrepreneurship of women and individuals belonging to SC/ST communities.
  • The program will help in providing financial help to small businesses to establish themselves and compete in the market.
  • This Scheme will encourage and support the development of innovative and practical business ideas that willhelpin the overall growth of the Indian economy.
  • Through this program, the participation of women and individuals from SC/ST communities will increase in the economy and will also decrease reduce economic disparities.
  • The Stand Up India Loan Schemeprovides special focus on women and individuals from SC/ST communities

Stand Up India Loan Scheme Eligibility Criteria

  • It is necessary for an applicant to be an Indian Citizen.
  • The age of interested women should not be less than 18 years.
  • It should be made sure that the beneficiary should not be a defaulter of any Bank or financial institution
  • An applicant should SC/ST or women entrepreneur.

महिला सम्मान बचत पत्र योजना

Important Documents

  • Age proof
  • Caste certificate
  • Application loan form
  • Aadhar card
  • LatestPassport size photograph
  • Residence certificate
  • Active Mobile number

Procedure to Apply for Loan under Stand Up India Loan Scheme 2023

  • Firstly, you have to visit the official website of this scheme,https://www.standupmitra.in/
Stand Up India Loan Scheme
  • You will land on the home page of the website.
  • Click on click here for handholding support or apply for loan option on the home page.
  • You will see a new page on the screen.
  • Then you have to select your category on this new page.
  • Then enter your name email address and mobile number in the space given.
  • Next click on generate OTP option on the screen.
  • Now enter OTP into the OTP box displayed on the screen.
  • After that click on register option.
  • Now you have to enter your login credentials and click on login option.
  • After that click on stand up India loan scheme option.
  • You will see an application form on the screen.
  • Fill the form by entering all asked details.
  • Upload all the required documents
  • At last, click on submit option on the screen.

Procedure To Login on The Portal

  • Visit to the official website of this scheme
  • The home page of the website will appear on the screen.
  • Click on login option on the home page.
  • You will seetwo options on the screen like Applicant and Other user.
  • Choose an option of your choice.
  • Now you have to enter username and password
  • Lastly, click on login option on the screen.

Steps to Track Application Status of Stand Up India Loan Scheme 

  • Go to the official website of this scheme
  • You will reach on the home page of the website.
  • Then click on track application status on the home page.
  • You will see a new page on the screen.
  • After that login by entering your login credentials
  • Next click on application status
  • Now you have to enter your reference number
  • Finally, click on track option on the screen.
  • You will see an application status displayed on the screen.

Procedure to View Details About Connect Centres

  • Visit the official website of this scheme
  • You will reach on the home page of the website.
  • Click on connect centres option on the home page.
  • A new page will open on the screen.
  • After that select your state, district and agency name.
  • At last, click on search option on the screen.
  • You will see all information on the screen.

Contact Information

If anyone needs any additional information can contact on the mentioned below details-:

Email: – support[at]standupmitra[dot]in help[at]standupmitra[dot]in

National Helpline Toll free Number: -1800-180-1111

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