What is the benefit of Stand-Up India scheme?
Table of Contents
- 1 What is the benefit of Stand-Up India scheme?
- 2 When Stand-Up India scheme started?
- 3 Who facilitates stand up India scheme?
- 4 Who implements stand up India scheme?
- 5 WHO launched stand up India scheme?
- 6 Who is the head of start up India scheme?
- 7 What is the stand-up India scheme for entrepreneurs?
- 8 What are the benefits of stand up India?
What is the benefit 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.
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.
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.
What is start up 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.
Who facilitates stand up India scheme?
Department of Financial Services
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.
Which bank is best for stand up India loan?
| Sr. No | Bank Name | Bank Type Name |
|---|---|---|
| 1 | Allahabad Bank | Public Sector Banks |
| 2 | Andhra Bank | Public Sector Banks |
| 3 | Axis Bank | Private Sector Banks |
| 4 | Bank of Baroda | Public Sector Banks |
Who implements 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 amount of loan that can be given in startup India scheme?
Stand Up India Scheme facilitate bank loans between 10 lakh and 1 crore to atleast one scheduled caste (SC) or Scehduled Tribe, borrower and atleast one women per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector.
WHO launched stand up India scheme?
Stand Up India Scheme was launched by the Prime Minister on 05th April, 2016 and extended up to the year 2025. Stand Up India Scheme facilitates loans to Scheduled Caste, Scheduled Tribe and women borrowers. A total of 1,16,266 loans amounting to Rs. 26204.49 crore extended under the Scheme since inception.
How much time it takes to get stand up India loan?
How long does it take to get such loans approved? As per the scheme guidelines, the loan shall be approved by concerned branch within 3-6 weeks of completed application.
Who is the head of start up India scheme?
| Startup India | |
|---|---|
| Prime Minister(s) | Narendra Modi |
| Ministry | Ministry of Commerce and Industry (Department for Promotion of Industry and Internal Trade) |
| Key people | Suresh Prabhu, Piyush Goyal |
| Launched | January 16, 2016 Vigyan Bhavan, New Delhi |
Why was Stand-Up India Scheme launched?
The objective of the Stand Up India Scheme is to facilitate loans from Scheduled Commercial Banks (SCBs) of value between Rs. 10 lakh and Rs.
What is the stand-up India scheme for entrepreneurs?
The Indian government is known to have various loan programs from time to time to ensure the development of the country and its economy. The best example of this will be the Stand-Up India Scheme which aims to encourage the entrepreneurship spirit hidden inside individuals and give them a chance to realize their dreams into reality.
How to apply for a loan through stand up India portal?
Through stand up India Portal provides information to a potential borrower on various kinds of handholding support from different agencies and also provides a window to get in touch with banks to avail loans The applicant first click to “Register” and answer to few short questions on the Registration page of the portal
What are the benefits of stand up India?
If you are an investor then Stand Up India gives you the right platform where you get professional advice, time, and knowledge about laws. Another benefit is that they would assist you in the start-up for the initial two years of your work.
What is the StartUp Loan Scheme for women entrepreneurs?
The scheme is anchored by the Department of Financial Services (DFS). It is crafted after recognizing the challenges faced by the Scheduled Caste, Scheduled Tribes and women entrepreneurs while setting up new businesses, procuring loans, and other support services from time to time.