Stand Up India Scheme facilitate bank loans between 10 lakh and 1 crore to at least one scheduled caste (SC) or ScheduledTribe, borrower and at least one women per bank branch for setting up a green field enterprise. This enterprise may be in manufacturing, services, or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.
· SC/ST and/or women entrepreneurs; above 18 years of age
· Loans under the scheme is available for only greenfield project. Greenfield signifies, in this context, the first-time venture of the beneficiary in the manufacturing or services or trading
· In case of non-individual enterprises, 51% of the shareholding and controlling stakes should be held by either SC/ST and/orWomen Entrepreneur
· Borrower should not be in default to any bank or financial institution
Loans between 10 lakh and 1 Crore