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Home News News and Press Release Month 3 2016 2016 (3) This

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Stand Up India Scheme
9-3-2016
  • Contents

The Cabinet has approved the “Stand Up India Scheme” to promote entrepreneurship among Scheduled Caste/Schedule Tribe and Women.

The schemes provides for composite loans by banks between ₹ 10 lakh and upto ₹ 100 lakh for setting up a new enterprise in the non-farm sector. These loans would be eligible for refinance and credit guarantee cover.

A credit guarantee fund of ₹ 5,000 crore for providing guarantee cover for loans under Stand Up India in next five years has been approved. Provision of initial capital of ₹ 500 crore to the corpus in FY 2016-17 has been made.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha.
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