What Is the Stand-Up India Loan Scheme?
The Stand-Up India Scheme is a government initiative launched to empower women and SC/ST entrepreneurs by offering loans between ₹10 lakh to ₹1 crore to start new businesses.
This loan is aimed at boosting women-led startups, MSMEs, and manufacturing or trading units.
Key Features of the Loan
| Feature | Details |
|---|---|
| Loan Amount | ₹10 lakh – ₹1 crore |
| Target Group | Women (SC/ST optional), above 18 years |
| Business Type | Greenfield (first-time ventures in manufacturing, trading, or services) |
| Loan Type | Composite loan (term loan + working capital) |
| Margin Money | Minimum 10% (can be covered via subsidy) |
| Repayment Tenure | Up to 7 years |
| Moratorium Period | Up to 18 months |
| Collateral | As per CGTMSE guarantee coverage |
Why It’s a Game-Changer for Women
✅ No need for prior business background
🧵 Supports both traditional and modern business models
💰 Includes working capital to keep your business running
👩⚕️ Encourages first-time women business owners in Tier 2/3 cities
🔐 Secured under Credit Guarantee Scheme (CGTMSE)
Eligibility Criteria
Woman entrepreneur (SC/ST category optional but preferred)
Above 18 years of age
Starting a new business (greenfield project)
Should not be in default with any bank
Business must be in manufacturing, trading, or services sector
Documents Required
Aadhaar & PAN card
Business plan or proposal
Caste certificate (if SC/ST)
Bank statement (last 6 months)
Address and identity proof
Quotation or project cost details
How Vizzve Finance Helps
At Vizzve, we make it easy for women entrepreneurs to access the Stand-Up India Scheme by:
📝 Assisting with documentation and eligibility
⚡ Fast-tracking applications through partner banks
🧠 Helping you craft a bank-ready business plan
💬 One-on-one guidance to avoid rejection risks
FAQs
Q1. Can a woman start a beauty salon under this loan?
Yes, service-based businesses like salons are eligible.
Q2. Is collateral required?
Collateral is covered by CGTMSE; in most cases, no personal collateral is required.
Q3. Can I apply without a co-applicant?
Yes, if you meet all the eligibility criteria individually.
Q4. What if I already run a business?
The scheme is specifically for first-time (greenfield) ventures, so existing businesses aren't eligible.
Published on : 24th July
Published by : SMITA
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