Startup dreams will come true! This government scheme will provide funding of up to 1 crore rupees. Learn the full details.

Many people are unable to start a business due to a lack of funds. If you are planning to start a business, this news may be useful to you. Learn how you can get a loan...

Stand Up India Scheme: Many people desire to leave their jobs or start their own businesses. Funding is the most important requirement for starting a business. Many people are unable to start a business due to a lack of funds. If you are also planning to start a business, this news may be useful to you.

Today, we are giving you information about a scheme that allows you to take out a loan ranging from ₹10 lakh to ₹1 crore. It is also known as the Stand Up India Scheme. So far, more than 2 lakh people have benefited from it. The most special feature of this scheme is that you do not need to pledge anything to get the loan.

What is the Stand Up India Scheme?

The Stand Up India Scheme was launched on April 5, 2016, by the Ministry of Finance as part of the Azadi Ka Amrit Mahotsav. This scheme provides loans for self-employment to Scheduled Castes (SC), Scheduled Tribes (ST), and women.

The objective of this scheme is to encourage SC/ST and women to start their own businesses. The government believes that this scheme will generate new entrepreneurs, even from small towns, who will provide employment for themselves as well as others.

What is the loan eligibility?

To receive a loan under the Stand Up India Scheme, you must be a man or woman belonging to a Scheduled Caste or Scheduled Tribe. You must also be 18 years of age or older. Applicants must not have outstanding bank or NBFC loans. This scheme also offers an 18-month moratorium period. The loan tenure is 7 years.