Stand-up India Yojana
Friends, today in this article we will tell you about Stand-up India Yojana and will give you complete information about this scheme and will also tell you who will get financial assistance in this scheme and friends, this scheme provides financial assistance to Scheduled Castes, Scheduled Tribes and women.
Under this scheme
- The bank provides loans to SC/ST women entrepreneurs for Green Field schemes.
- Friends, the loan limit in this scheme ranges from Rs 10 lakh to Rs 1 crore.
- Friends, let us tell you that every bank branch is encouraged to provide loans to at least one SC/ST and one female borrower.
- Friends, if there is a non-individual entrepreneur, then at least 51% ownership and control in it should be with SC/ST female entrepreneurs.
- Friends, let us tell you that the main objective of this scheme is to promote financial assistance to the backward class society.
Benefits under Stand-up India Yojana
1. Loan between 10 lakhs to 1 crore:
Friends, in this scheme, entrepreneurs are provided loans ranging from 10 lakhs to 1 crore
2. Rupaye Debit Card
Friends, Rupaye Debit Card has been issued for the convenience of the borrower, which is used for working capital
3. Web Portal of SIDBI
- The web portal of SIDBI (Small Industries Development Bank of India) provides other assistance to the borrower
- Skill development and training
- Assistance in preparing project reports and guidance
- Assistance in filling loan application
- Network of utility support services
- Information and assistance on subsidy schemes
4. Financial inclusion
- Friends, this scheme is promoted and informed to the deprived sections of the society.
- The main objective of this scheme is that the government wants to help all entrepreneurs so that all people can get the benefit of this scheme.
Eligibility for Stand-up India Yojana
- Finance should be provided to Green Field enterprises
- Friends, if an applicant is male, he should be from Scheduled Caste (SC) and Scheduled Tribe (ST) category
- Friends, the applicant should be at least 18 years of age
- The applicant should not be a defaulter of any bank loan
Documents required for Stand-up India Yojana
- Identity proof: Aadhar Card, Passport, PAN Card, Voter ID card
- Residence proof: Telephone bill, electricity bill, property tax receipt
- Certificate of business address
- Certificate of not being a bank defaulter
- Company documents: Partnership deed (if applicable)
- Income tax return and property details
- Rent agreement (if the premises is on rent)
- SSI/MSME registration (if applicable)
- Scheduled Caste/Tribe certificate (if applicable)
- Project report (more than 25 lakhs for loan)
Application process for Stand-up India Yojana
1. How to apply:
- Contact the bank branch: Friends, you have to go to any of your nearest bank branches and get information
- Contact the Lead District Manager (LDM): Friends, you can get information about the LDM of your district from here
- Apply online: Friends, click here to apply
2. Application process:
- First of all, friends, you have to go to the Stand-up India Yojana portal
- Now friends, you have to go to the place of business and SC, ST, women category
- After that you have to fill the loan amount, business information, and previous experience
- Now friends, you have to choose the need for hand holding
- After that friends, you have to fill the personal information and also fill the name of the applicant
- Friends, after all this process is done, you have to click on the register button
Process after registration
- After registration, the bank or financial institution will contact you and then help you in completing the application process
- Documents required for cases of more than Rs 25 lakh
Company information:
- Company owner, director, company address, information related to share holding
Balance sheet of group company:
- Friends, if there is any other company, then its balance sheet of last 3 years
Project report:
- Report of the machine purchased by you, name of supplier, price and capacity of the machine
- Report of production, sales, potential profit and loss
- Details of the employee who is working
- The basis of how the data of all things has been derived
- Production process (if applicable)
- Friends, complete information of all the officers of the company
- Along with complete information of raw material, suppliers and buyers
- Friends, main information about the strengths and weaknesses of the company
Conclusion
Friends, today through this article we tell you how you can apply for Stand-up India Yojana and how you can take advantage of this scheme, as well as what documents you will need in this scheme and what things you have to keep in mind and if you like the information given by us, then you can also share this post with all your friends and relatives, as well as if you need any kind of help, then you can take help from us by commenting.
FAQs:
1. What will be the interest rate of the loans?
Friends, let me tell you that the lending rate of the bank will not exceed 3%
2. How long do I have to repay the loans?
Friends, you have to repay this loan in 7 years and its maximum moratorium period is 18 months
3. What is the nature and size of the loan under Standup India Yojana?
Loan amount is given from 10 lakhs to 1 crore
4. What is the purpose of loan under Standup India Yojana?
- Finance should be made available to Green Field enterprises
- Friends, if an applicant is male, then he should be from Scheduled Caste (SC) and Scheduled Tribe (ST) category
- Friends, whoever is applying, his age should be at least 18 years
- Whoever is applying, he should not be an outstanding loan payer of any bank
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