Stand-Up India Scheme turns six, Loans worth Rs 30,000 cr disbursed

Stand-Up India, the scheme aimed at promoting entrepreneurship among women and scheduled castes and tribes has now disbursed over Rs 30,000 cr in loans as per a statement released by the Finance Ministry as the program celebrates it's sixth anniversary

On the occasion, Union Finance & Corporate Affairs Minister Nirmala Sitharaman said,"It is heartening to see that more than 1.33 lakh new job-creators and entrepreneurs have so far been facilitated under this Scheme.”

Sitharaman further said, “More than 1 lakh women promoters have benefitted from this Scheme during its six years of operation. The Government understands the potential these rising entrepreneurs have in driving economic growth through their roles as not just wealth-creators but also job-creators.”

Stand-Up India Scheme facilitates bank loans between Rs 10 lakh and Rs 1 cr to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.