Who manages stand up India scheme?

The Stand up India scheme aims at promoting entrepreneurship among women and scheduled castes and tribes. The scheme is anchored by Department of Financial Services (DFS), Ministry of Finance, Government of India.

What is the range of stand up India scheme?

The objective that this scheme plans to fulfill is to provide bank loans within the range of Rs. 10 lakh up to Rs. 1 crore to at least one SC / ST and one woman borrower from every bank branch to set up a greenfield enterprise which may involve services, manufacturing or trade.

When Stand Up India scheme started?

15 April 2016
Prime Minister Narendra Modi launched the Stand-Up India scheme on 15 April 2016 as part of the government’s efforts to support entrepreneurship among women and SC & ST communities.

Are the three pillars of start up India initiative?

The action plan of this initiative is focussing on three areas: Simplification and Handholding. Funding Support and Incentives. Industry-Academia Partnership and Incubation.

Was stand up India successful?

To beneficiaries, 24 loans amounting to `4.53 crore has been sanctioned. Employment has been generated for more than 2,000 youth under the Scheme. Several entrepreneurial success stories have come out in the District by means of Stand-up India Scheme.

What is the aim of Stand Up India scheme?

The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.

Is stand up India scheme successful?

Impact (upto 31.12.2016) To beneficiaries, 24 loans amounting to `4.53 crore has been sanctioned. Employment has been generated for more than 2,000 youth under the Scheme. Several entrepreneurial success stories have come out in the District by means of Stand-up India Scheme.

Who is not eligible for Stand Up India scheme?

Only SC/ST individuals and women entrepreneurs can get the benefits of the scheme. The applicant must be aged above 18 years. Only greenfield projects can apply for the loan scheme. Non-individuals, such as existing firms and businesses, can also apply for the scheme.

What are the facilities available for start up ventures in India?

2) Self certification- The start-ups will adopt self-certification to reduce the liabilities. The self-certification will apply to laws including payment of gratuity, labour contract, provident fund management, water and air pollution acts. 3) Financial benefits- In patent costs, the startups can claim an 80\% rebate.

What is the difference between startup India and stand up India?

“Stand Up India Scheme” is to promote entrepreneurship among SC/ST and Women entrepreneurs. Whereas Start Up India scheme is to promote new ventures/initiatives. The scheme will facilitate two entrepreneurial projects on an average one for each category (Women and SC/ST) of entrepreneurs per bank branch.

What are the benefits of Stand-Up India scheme?

The objective of the Stand-Up India scheme is to provide financing for Scheduled Caste (SC), Scheduled Tribe (ST), and women entrepreneurs to realise their business ideas. Under the plan, bank loans ranging from Rs. 10 lakh to Rs. 1 crore can be obtained.

What is the purpose of Stand-Up India scheme?