- SC/ST and /or Women Entrepreneurs, above 18 years of age.
- Loans only for Greenfield projects i.e. first time venture of the beneficiary in the manufacturing or services or trading centre.
- Non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur
- Borrower should not be in default to any Bank / FI.
Manufacturing /Services Or Trading Sector
- Greenfield Enterprises in the Non-Farm sector Set up by Such SC/ST and or Women Beneficiaries
- Existing Units or Units for Expansion purpose are not eligible under the scheme.
Composite Loan Between Rs. 10 lacs to 100 lacs inclusive of T/L & W/C component.
Guarantee Cover/ Collateral:
- Covered by Credit Guarantee Scheme for Stand Up India .
- In case borrower does not want to pay guarantee fee and offers collateral security, loan can be sanctioned against collateral security.
Rate of Interest:
- For Loan covered under 100% Collateral Security Flat rate of interest @ MCLR
- For Loan covered under Guarantee Scheme Flat rate of MCLR + 0.50%
Loan can applied through Stand Up India Portal i.e.www.standupmitra.in