STAND UP INDIA

Purpose

To meet all kinds of credit requirement for setting up Greenfield projects under manufacturing, services or the trading sector SC/ST and/or woman entrepreneurs.

Eligibility
  • SC/ST and/or woman entrepreneurs above 18 years of age
  • Loans under the scheme is available for only green field project (first time venture) of the beneficiary in the manufacturing or services or trading sector.
  • In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur.

Quantum of Loan

  • Minimum – More than Rs. 10 lakh
  • Maximum – Rs. 1 crore

Margin

Minimum mandatory margin is 10%.

Interest Rate 

Interest will be charged at prevailing rate on daily reducing balance at monthly rest.

Useful Links

RBI NABARD IBA BCSBI NPCI Rupay