STAND-UP INDIA

PRESENTATION BY:
JAVERIYA AND GROUP
 WHAT IS STAND-UP INDIA?

• stand-up india scheme is a new scheme initiated by the financial service

department of india.
• Any individual belonging to the minority categories of SC/ST or a female who
seeks to establish their own business venture in manufacturing, personal
services or trade, can avail this scheme.
• The government assists these individuals by allocating them a loan of minimum of
Rs.10lakhs to Rs.1crore for their business.

• Prime minister Narendra modi launched stand-up india scheme on 15 April th

2016 as part of the government’s efforts to support entrepreneurship among

women and SC/ST communities
 Scheme details

• Stand –up india scheme has various details that one should keep in mind
before availing the scheme-
• Purpose- to facilitate individuals who are in the minority for setting up their
own business
• interest- the barest minimum rate offered by the bank depending on the
individuals category
• Duration- 7 years with a moratorium period of one and half year
• Margin money- a bare minimum of 10% funding is required from
the side of the borrower
 Benefits of stand-up india scheme

• There are various benefits of the stand-up india scheme that can assist an
entrepreneur set up their own venture with ease. These benefits are-
• The barest minimum low-interest rate that the bank can offer.
• Long loan repayment period with especially long moratorium period.
• Minimal and very basic security.
 Applications requirement for stand-up india

• Any form of authorized identity proof.

• Any form of authorized proof of residence.
• Valid proof of business/project address.
• Applicants can’t be defaulters.
• Partnership or association deeds of the business.
• Income tax returns.
• Your assets and liabilities statement as well as your guarantor’s.
• Photocopy of lease of the property that is being offered as collateral.
• Documents verifying the applicants caste.
• Additional documents if your loan request exceeds Rs.25 lakhs.
 Eligibility for stand-up india scheme

• To be eligible for the stand up india scheme, you need to pass out several
eligibility criteria. Only then you will be able to apply for the loan, or else
your request will be rejected. These criteria are-
• Individuals who being to the SC/ST category and women have completed a
bare minimum of 18years of age.
• Individuals who are planning to start greenfield projects i.e..projects that can
be established on pre-existing property or infrastructure.
• Individuals who have not been assigned as default in any bank or financial
institution.
• Businesses that are owned by SC/ST or women with a minimum of51%
stakes.
This Photo by Unknown Author is licensed under CC BY-NC