Stand-Up India was launched by the

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

on 5 April 2016 to support entrepreneurship among women and SC & ST communities. Stand Up India Loan Scheme is a government initiative launched by the

in 2016 to promote

entrepreneurship Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entrepreneu ...

and facilitate bank loans to Scheduled Caste (SC) / Scheduled Tribe (ST) and women entrepreneurs in the country. The scheme aims to provide loans between Rs.10 lakhs and Rs.1 crore for setting up a greenfield enterprise in manufacturing, trading or services sector. It is similar to but distinct from Startup India. Both are enablers and beneficiaries of other Government of India schemes, such as

Make in India is an initiative by the Government of India to create and encourage companies to develop, manufacture and assemble products in India and incentivize dedicated investments into manufacturing. The policy approach was to create a conducive envi ...

Industrial corridor An industrial corridor is a package of infrastructure spending allocated to a specific geographical area, with the intent to stimulate industrial development. An industrial corridor aims to create an area with a cluster of manufacturing or anothe ...

, Dedicated Freight Corridor,

Sagarmala The Sagarmala Programme () is an initiative by the Government of India to enhance the performance of the country's logistics sector. The programme envisages unlocking the potential of waterways and the coastline to minimize infrastructural in ...

Bharatmala The Bharatmala Pariyojna ( 'India garland project') is a project in India implemented by Government of India. It was slated to interconnect 550 District Headquarters (from the current 300) through a minimum 4-lane highway by raising the numbe ...

, UDAN-RCS,

Digital India Digital India is a campaign launched by the Government of India to make its services available to citizens electronically via improved online infrastructure and by increasing Internet connectivity. The initiative includes plans to connect ru ...

BharatNet BharatNet, also known as Bharat Broadband Network Limited (BBNL), () is an Indian central public sector undertaking, set up by the Department of Telecommunications, a department under the Ministry of Communications of the Government of India ...

and

UMANG Unified Mobile Application for New-age Governance (UMANG) is a mobile app, a Digital India initiative of Ministry of Electronics and Information Technology (in short form MeitY), by the Government of India for access to central and state gover ...

History

Prime Minister A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but r ...

Narendra Modi Narendra Damodardas Modi (born 17 September 1950) is an Indian politician who has served as the Prime Minister of India, prime minister of India since 2014. Modi was the chief minister of Gujarat from 2001 to 2014 and is the Member of Par ...

launched the Stand-Up India scheme on 5 April 2016 as part of the government's efforts to support entrepreneurship among women and SC & ST communities. The scheme offers bank loans of between and for scheduled castes and scheduled tribes and women setting up new enterprises outside of the farm sector. In April 2023,

Bhagwat Karad Bhagwat Kishanrao Karad is an Indian politician and retired pediatric surgeon. He is a member of the Bharatiya Janata Party, and serves as a member of the Rajya Sabha from Maharashtra. He was the Mayor of Aurangabad twice. Karad became a Minister ...

, the Union Minister of State for Finance, Government of India, said that the scheme aligned with the National Mission for Financial Inclusion's objective of providing funding opportunities to marginalized groups. He said that over the previous seven years, more than 180,000 entrepreneurs had benefited from the scheme, and that of loans granted through the initiative, over 80% had been directed towards women entrepreneurs.

References

External links

* Government schemes in India Narendra Modi 2016 establishments in India Women in India {{India-gov-stub

History

See also

References

External links