The Stand-Up India Scheme 2.0 is an initiative by the Government of India to promote entrepreneurship among women and marginalized communities, including Scheduled Castes (SC) and Scheduled Tribes (ST). Building on the success of the first phase, the upgraded scheme provides financial support, mentorship, and simplified access to bank loans.
This program focuses on creating inclusive growth, empowering entrepreneurs to start greenfield enterprises in sectors such as manufacturing, services, and trading.
Key Features of Stand-Up India Scheme 2.0
Targeted Beneficiaries
Women entrepreneurs.
SC/ST entrepreneurs.
First-time business owners seeking bank loans between ₹10 lakh and ₹1 crore.
Loan Support
Financial assistance for greenfield projects.
Loans available through Scheduled Commercial Banks, with government support for priority lending.
Mentorship & Training
Assistance in business planning, project reports, and skill development.
Partnerships with mentoring institutions for guidance throughout the business lifecycle.
Simplified Access
Online application process for faster approvals.
Reduced documentation for eligible entrepreneurs.
Benefits of the Scheme
Financial Inclusion: Provides access to credit for women and marginalized groups who may face barriers in traditional lending.
Entrepreneurial Growth: Encourages first-time entrepreneurs to set up and scale their businesses.
Economic Development: Supports employment generation and contributes to local economies.
Mentorship & Capacity Building: Empowers beneficiaries with knowledge, skills, and guidance to manage businesses efficiently.
FAQs
1. Who can apply for Stand-Up India Scheme 2.0?
Women and SC/ST entrepreneurs planning to start a greenfield enterprise with loan requirements between ₹10 lakh and ₹1 crore.
2. What types of businesses are eligible?
Businesses in manufacturing, services, and trading sectors are eligible under the scheme.
3. How can I apply for the loan?
Applications can be submitted online through the official Stand-Up India portal or via partner banks.
4. Are there any mentorship programs available?
Yes, the scheme provides mentorship, training, and business guidance through affiliated institutions.
5. What is the interest rate and repayment period?
Interest rates are set by the banks as per guidelines, and repayment periods vary depending on project size and financial planning.
Published on : 13th September
Published by : SMITA
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