How Much Has the Stand-Up India Scheme Provided in Loans for SC, ST and Women?
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Synopsis
Discover how the Stand-Up India Scheme is transforming the landscape for SC, ST, and women entrepreneurs in India. With nearly Rs 29,000 crore in loans sanctioned, this program is not just a financial initiative but a beacon of hope for marginalized communities. Learn about its impact and the support mechanisms in place to foster entrepreneurship.
Key Takeaways
- Rs 28,996.15 crore allocated for SC, ST, and women entrepreneurs.
- Over 126,508 accounts sanctioned.
- Loans range from Rs 10 lakh to Rs 1 crore.
- Repayment period of 7 years with up to 18 months moratorium.
- Support includes training and application assistance.
New Delhi, July 22 (NationPress) A staggering Rs 28,996.15 crore has been approved in loans for scheduled caste, scheduled tribe, and women entrepreneurs from April 2022 to March 2025 under the Stand-Up India Scheme, which aims to offer financial and institutional support to marginalized groups, revealed Finance Minister Nirmala Sitharaman during a parliamentary session on Tuesday.
The number of bank accounts for SC, ST, and women entrepreneurs receiving these loans increased to 126,508 over the three-year period, as stated by the Finance Minister in a written response to a query in the Rajya Sabha.
Initiated by Prime Minister Narendra Modi on April 5, 2016, the Stand-Up India scheme is part of the government's initiative to foster entrepreneurship among women and the SC and ST communities. Its main goal is to provide loans ranging from Rs 10 lakh to Rs 1 crore from Scheduled Commercial Banks to at least one SC or ST borrower and one woman borrower per bank branch for establishing new enterprises in manufacturing, services, or trading sectors, including agricultural activities.
The scheme offers loans at the lowest applicable bank rate for this category, not exceeding base rate MCLR+3 percent plus a tenor premium, with a repayment period of 7 years and a maximum moratorium of up to 18 months, as outlined in an official statement.
In addition to linking potential borrowers with banks, the online portal (www.standupmitra.in) provides essential guidance to aspiring SC, ST, and women entrepreneurs, assisting them with everything from training to completing loan applications per bank requirements.
The portal additionally offers detailed support by connecting prospective borrowers with specialized agencies, including Skilling Centres, Mentorship Programs, and Entrepreneurship Development Centres, along with contact details and addresses, as noted by the Finance Minister.
Point of View
It is crucial to recognize the Stand-Up India Scheme as a significant step towards economic inclusivity. The initiative not only extends financial support but also empowers marginalized communities, fostering entrepreneurship and self-reliance. Such programs are pivotal for national growth and social equity, aligning with our commitment to uplift every segment of society.
NationPress
22/07/2025
Frequently Asked Questions
What is the Stand-Up India Scheme?
The Stand-Up India Scheme is a government initiative launched on April 5, 2016, aimed at promoting entrepreneurship among SC, ST, and women by providing loans ranging from Rs 10 lakh to Rs 1 crore.
How much has been sanctioned under this scheme?
As of now, Rs 28,996.15 crore has been sanctioned in loans to SC, ST, and women entrepreneurs from April 2022 to March 2025.
How many entrepreneurs have benefitted?
The number of bank accounts for beneficiaries has increased to 126,508 over the designated period.
What type of support does the scheme offer?
The scheme provides financial support along with guidance for training and assistance with loan applications through its online portal.
What is the repayment period for these loans?
The loans under the scheme have a repayment period of 7 years, with a maximum moratorium of up to 18 months.
