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Stand-Up India Scheme – UPSC Notes

Stand-Up India Scheme was launched on 5th April 2016 by the Ministry of Finance, Government of India, to promote entrepreneurship among women, SC, ST

Stand-Up India Scheme – UPSC Notes Introduction The Stand-Up India Scheme was launched on 5th April 2016 by the Ministry of Finance , Government of India, to promote entrepreneurship among women, Scheduled Castes (SC), and Scheduled Tribes (ST) . The scheme provides bank loans between ₹10 lakh and ₹1 crore to help establish greenfield enterprises in the manufacturing, services, and trading sectors . Objectives of Stand-Up India Scheme Encourage Entrepreneurship – Promote business ownership among SC, ST, and women entrepreneurs . Facilitate Bank Loans – Provide financial assistance to help new entrepreneurs start businesses. Promote Greenfield Enterprises – Support new businesses in the manufacturing, service, and trading sectors . Boost Job Creation – Encourage business growth to generate employment opportunities . Eligibility Criteria Who can apply? SC/ST or women entrepreneurs above 18 years of age . The applicant must be the first-time owner of a business. Type of Business Only greenfield enterprises …

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