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About the product

 Eligibility for Loan

Stand Up India Loan is for SC/ST or women entrepreneurs (18+ years) setting up their greenfield enterprise in manufacturing, trading, services, or agri-allied sectors.

Loan Amount Offered

You can apply for loans ranging from ₹10 lakh to ₹1 crore with options like term loan, overdraft, or cash credit, depending on your business requirement.

Accepted Collateral

The loan may be secured by collateral security or a guarantee from the Credit Guarantee Fund Scheme, for Stand-Up India Loans (CGFSIL)((guarantee issuance on hold by Ministry of MSME)

Documents Required To Avail Loan under Stand Up India Scheme:

  • Application form
  • Self-attested copy of KYC documents
  • Bank Statements (not more than <45> days old)
  • Proof of Business Continuity
  • ITR Acknowledgement and Computation
  • Audited/ Projected balance sheet as the case may be

*This list is only indicative and not an exhaustive list of documents.

FAQs

Who is eligible for Stand-Up India?

SC/ST and/or women entrepreneurs with a minimum 18 years of age, are eligible to apply for loans under the Stand-Up India Scheme.

What is the nature of a loan under the Stand-Up India Scheme?

omposite Loan (inclusive of Term Loan and Working capital), up to Rs 1 crore.

What is the purpose of a loan under the Stand-Up India Scheme?
The Scheme is for setting up a new enterprise in manufacturing, services, agri-allied activities or the trading sector, owned by a SC/ST/Women Entrepreneur.

Disclaimer

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