• Latest
  • Trending
Stand Up India scheme launched by Government of India

Stand Up India scheme launched by Government of India

April 13, 2022
Producing Copper Cathode from Scrap, Analytical Testing Lab, Graphite, Solar Panel and Waste Lubricating Oil Recycling Plant

Producing Copper Cathode from Scrap, Analytical Testing Lab, Graphite, Solar Panel and Waste Lubricating Oil Recycling Plant

September 15, 2023
Entrepreneur’s Guide to Starting Sesame Seed Halwa Production

Entrepreneur’s Guide to Starting Sesame Seed Halwa Production

September 7, 2023
What is a Prospective Buyer List? Let Us Help You Find Buyers

What is a Prospective Buyer List? Let Us Help You Find Buyers

September 7, 2023
Turning Sweet into Sustainable: Start PLA Resin Production from Sugarcane

Turning Sweet into Sustainable: Start PLA Resin Production from Sugarcane

September 7, 2023
Diving into the Business: Starting Own Journey in Pea Protein Isolate/Concentrate

Diving into the Business: Starting Own Journey in Pea Protein Isolate/Concentrate

September 7, 2023
How to Setup Own Levulinic Acid Plant

How to Setup Own Levulinic Acid Plant

September 4, 2023
Starting a Successful Levothyroxine Sodium Manufacturing Venture

Starting a Successful Levothyroxine Sodium Manufacturing Venture

September 4, 2023
Rise in the Business Sky: Establishing Latex Toy Balloon Production Plant

Rise in the Business Sky: Establishing Latex Toy Balloon Production Plant

September 4, 2023
Gold Mine of Opportunity: Starting Production at Own Beneficiation Plant

Gold Mine of Opportunity: Starting Production at Own Beneficiation Plant

September 1, 2023
How to Start Production of Expandable and High Purity Graphite

How to Start Production of Expandable and High Purity Graphite

September 1, 2023
Most Profitable Business Ideas for Baby & Adult Diaper and Sanitary Napkins, Calcium Silicate Blocks, Carton Boxes, Tissue Paper, L-Glutamic Acid & Monosodium Glutamate and Recycled Polyester Fiber from Used PET Bottles

Most Profitable Business Ideas for Baby & Adult Diaper and Sanitary Napkins, Calcium Silicate Blocks, Carton Boxes, Tissue Paper, L-Glutamic Acid & Monosodium Glutamate and Recycled Polyester Fiber from Used PET Bottles

August 30, 2023
Turning Dreams into Reality: How to Begin Own Chromite Beneficiation Production Business

Turning Dreams into Reality: How to Begin Own Chromite Beneficiation Production Business

August 29, 2023
NPCS
Friday, September 22, 2023
Contact Us
Advertise
en English▼
X
af Afrikaanssq Albanianam Amharicar Arabichy Armenianaz Azerbaijanieu Basquebe Belarusianbn Bengalibs Bosnianbg Bulgarianca Catalanceb Cebuanony Chichewazh-CN Chinese (Simplified)zh-TW Chinese (Traditional)co Corsicanhr Croatiancs Czechda Danishnl Dutchen Englisheo Esperantoet Estoniantl Filipinofi Finnishfr Frenchfy Frisiangl Galicianka Georgiande Germanel Greekgu Gujaratiht Haitian Creoleha Hausahaw Hawaiianiw Hebrewhi Hindihmn Hmonghu Hungarianis Icelandicig Igboid Indonesianga Irishit Italianja Japanesejw Javanesekn Kannadakk Kazakhkm Khmerko Koreanku Kurdish (Kurmanji)ky Kyrgyzlo Laola Latinlv Latvianlt Lithuanianlb Luxembourgishmk Macedonianmg Malagasyms Malayml Malayalammt Maltesemi Maorimr Marathimn Mongolianmy Myanmar (Burmese)ne Nepalino Norwegianps Pashtofa Persianpl Polishpt Portuguesepa Punjabiro Romanianru Russiansm Samoangd Scottish Gaelicsr Serbianst Sesothosn Shonasd Sindhisi Sinhalask Slovaksl Slovenianso Somalies Spanishsu Sudanesesw Swahilisv Swedishtg Tajikta Tamilte Teluguth Thaitr Turkishuk Ukrainianur Urduuz Uzbekvi Vietnamesecy Welshxh Xhosayi Yiddishyo Yorubazu Zulu
  • Home
  • Books
  • Projects
    • Project Reports
    • Complete Project List
    • Market Survey Reports
  • Profiles
    • Project Reports & Profiles
    • Complete Profiles List
    • Lab Trials
  • Directory
    • Business Directory
    • Add your Company
  • Resources
    • Blog Archive
    • Information
    • Help
  • Blog
  • Contact
  • Videos
  • Go to Main Site
No Result
View All Result
NPCS
  • Home
  • Books
  • Projects
    • Project Reports
    • Complete Project List
    • Market Survey Reports
  • Profiles
    • Project Reports & Profiles
    • Complete Profiles List
    • Lab Trials
  • Directory
    • Business Directory
    • Add your Company
  • Resources
    • Blog Archive
    • Information
    • Help
  • Blog
  • Contact
  • Videos
  • Go to Main Site
No Result
View All Result
Niir Project Consultancy Services
No Result
View All Result

Stand Up India scheme launched by Government of India

Now, you don't have to be a Big Business Tycoon to Start Your Own Business

admin by admin
April 13, 2022
in Business Ideas for Overseas, Government Projects
0
Stand Up India scheme launched by Government of India
0
SHARES
551
VIEWS
Share on FacebookShare on Twitter

Stand Up India Scheme

 (Ministry of Finance)

RelatedPosts

Diving into the Business: Starting Own Journey in Pea Protein Isolate/Concentrate

How to Start Production of Expandable and High Purity Graphite

 April 05, 2022

‘Stand Up India’ scheme aims to empower every Indian & enable them to stand on their own feet”

PM Narendra Modi[1] 

Stand up India Scheme was launched on April 05, 2016[2] to promote entrepreneurship at grassroot level focusing on economic empowerment and job creation. The scheme has been extended till 2025.

Background:

As India is growing rapidly[3], hopes, aspirations and expectations of a large group of potential entrepreneurs, particularly Women, Scheduled Castes (SCs) and Scheduled Tribes (STs), are rising. They want to set up an enterprise of their own to allow themselves to thrive and grow. Such entrepreneurs are spread across country and are bubbling with ideas on what they can do for themselves and their families. The Stand Up India scheme envisages to facilitate the dreams of aspiring SC, ST and women entrepreneurs into reality by supporting their energy and enthusiasm and removing hurdles from their path.

Objective

  • Promote entrepreneurship amongst women, SC & ST category
  • Provide loans for greenfield enterprises in manufacturing, services or the trading sector and activities allied to agriculture
  • Facilitate bank loans between 10 lakh and Rs.1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks.

Need for the scheme:

The Stand-Up India scheme is based on recognition of the challenges faced by SC, ST and women entrepreneurs in setting up enterprises, obtaining loans and other support needed from time to time for succeeding in business. The scheme therefore endeavours to create an eco-system which facilitates and continues to provide a supportive environment for doing business. The scheme seeks to give access to loans from bank branches to borrowers to help them set up their own enterprise.

The scheme, which covers all branches of Scheduled Commercial Banks, can be accessed in three potential ways:

  • Directly at the branch
  • Through Stand-Up India Portal (standupmitra.in)
  • Through the Lead District Manager (LDM)

Eligibility:

  • SC/ST and/or women entrepreneurs, above 18 years of age
  • Loans under the scheme are available for only green field projects. Green field signifies, in this context, the first-time venture of the beneficiary in manufacturing, services or the trading sector and activities allied to agriculture
  • In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur
  • Borrowers should not be in default to any bank/financial institution;

 

Changes made to the Scheme

Pursuant to an announcement by the Union Finance Minister in the Budget speech FY 2021-22, the following changes have been made in the Stand-Up India Scheme:

  • The extent of margin money to be brought by the borrower has been reduced from ‘up to 25%’ to ‘up to 15%’ of the project cost. However, the borrower will continue to contribute at least 10% of the project cost as own contribution;
  • Loans for enterprises in ‘Activities allied to agriculture’g. pisciculture, beekeeping, poultry, livestock, rearing, grading, sorting, aggregation agro industries, dairy, fishery, agriclinic and agribusiness centers, food & agro-processing, etc. (excluding crop loans, land improvement such as canals, irrigation, wells) and services supporting these, shall be eligible for coverage under the Scheme.

 

Related Feasibility Study Reports: Projects for Small and Medium Enterprises (SME). Profitable Manufacturing Business Ideas to Start. Small Scale Industry. Business Ideas to Make Money.

 

Handholding Support[4]:

To extend collateral free coverage, Government of India has set up the Credit Guarantee Fund for Stand-Up India (CGFSI). Apart from providing credit facility, Stand Up India Scheme also envisages extending handholding support to the potential borrowers. It also provides for convergence with Central/State Government schemes. Applications under the scheme can also be made online at (www.standupmitra.in) portal.

Apart from linking prospective borrowers to banks for loans, the online portal https://www.standupmitra.in/ developed by Small Industries Development Bank of India (SIDBI) for Stand-Up India Scheme is also providing guidance to prospective entrepreneurs in their endeavour to set up business enterprises, starting from training to filling up loan applications, as per bank requirements.

Through a network of more than 8,000 Hand Holding Agencies, this portal facilitates step by step guidance for connecting prospective borrowers to various agencies with specific expertise viz. Skilling Centres, Mentorship support, Entrepreneurship Development Program Centres, District Industries Centre, together with addresses and contact number.

Achievements

  • More than 1 lakh women promoters have benefitted from this Scheme during its six years of operation.
  • As on March 21, 2022, 30160 crore has been sanctioned under Stand Up India Scheme to 133,995 accounts.
  • Total number of SC/ST and Woman borrowers benefited under Stand Up India scheme is depicted below (as on 21.03.2022):

Read our Books Here: Startup Books for Entrepreneurs, Small Scale Industry (SSI) Business Ideas, Hi-Tech Projects, Self-Employment, Women Entrepreneurship, Home Businesses, Profitable Small & Cottage Industries, and Books on Startup Business Plan

 

Success Stories:

  1. Mrs Asiya Bin Gulshan is associated with the work of event catering. She proposed to start her own business of supplying chairs, utensils for various functions and approached the Char Minar branch of Andhra Bank for a loan. Her husband is also unemployed and came forward to assist her in the business. They were sanctioned term loan and working capital to meet daily expenditure. The proposed unit is located at prime area and there are no units of similar activities. Asiya is confident of successful in the new business.[5]

 

  1. Smt Sonalben Sureshbhai Rupara residing at Radhe Residency, Utran, Surat applied for purchasing of embroidery machines for production work to be set up at Old GIDC, Katargam, Surat under Stand-up India Programme. Smt Sonalben applied online in Stand-up India portal and the bank picked up the application from market place. The total financial assistance given to her as term loan of Rs. 39.00 Lacs as per her requirement. The entrepreneur is successfully running the embroidery unit and generating sufficient cash flow to regularly serve interest and instalment also providing employment 5 to 8 persons in her unit.[6]

 

Watch other Informative Videos: Business Ideas for Startups

 

  1. Mrs. Suma K T from Tripunithura, Kerala was engaged in production and manufacture of paper cartons and paper products. But, due to heavy competition in this field, she was unable to achieve decent profits. She then approached Bank of Baroda for modernization of the unit by installing the latest state of art technology laser cutting machines, which would diversify and enhance the quality of the products produced. The proposal was considered favourably, pre sanction inspection conducted, assessment was made and loan was sanctioned for Rs. 75 lakhs term loan and Rs.10 lakhs working capital limit. Now, Mrs. Suma is having several orders on hand. She has commenced repayment of the loan and is a successful entrepreneur.[7]

 

Reference Links

  • https://www.pib.gov.in/PressReleasePage.aspx?PRID=1813432
  • https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1709415
  • https://pib.gov.in/PressReleseDetailm.aspx?PRID=1790112
  • https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1737320#:~:text=Key%20Highlights%3A,Scheduled%20Tribe%20and%20women%20borrowers.
  • https://pib.gov.in/PressReleseDetailm.aspx?PRID=1709415
  • https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1703554
  • https://pib.gov.in/Pressreleaseshare.aspx?PRID=1703444
  • https://pib.gov.in/Pressreleaseshare.aspx?PRID=1776546
  • https://pib.gov.in/PressReleseDetail.aspx?PRID=1604929
  • https://pib.gov.in/newsite/PrintRelease.aspx?relid=138523
  • https://pib.gov.in/newsite/PrintRelease.aspx?relid=147661
  • https://pib.gov.in/PressReleasePage.aspx?PRID=1703083
  • https://pib.gov.in/PressReleseDetailm.aspx?PRID=1790112
  • http://www.standupmitra.in/Home/SchemeGuidelines

Tweets

  • https://twitter.com/narendramodi/status/1511263434620686339?t=A31QPSOFvD5_JhHk0xD73g&s=08
  • https://twitter.com/FinMinIndia/status/1511184467486191621?t=dWi21Yyqm-0tqutv-Py08w&s=08
  • https://twitter.com/FinMinIndia/status/1511184486553513989?t=68Ai-VHNli8oZ9XjLiDo6Q&s=08
  • https://twitter.com/FinMinIndia/status/1511184501967572992?t=bXTfthncvrlb3oGxb385pw&s=08
  • https://twitter.com/FinMinIndia/status/1511184520728711168?t=agJ-_ldkqsw-ink-n6TEJA&s=08
  • https://twitter.com/FinMinIndia/status/1511184532443377665?t=HCBYl8rg_VPoJ2nCjyJo0A&s=08
  • https://twitter.com/mygovindia/status/1511184702140342274?t=2iHoI_IRC_G0NWZ3wH8VNQ&s=08
  • https://twitter.com/mygovindia/status/1511185044395618309?t=DF-dHd4VxA76zOmi6-4qrw&s=08
  • https://twitter.com/mygovindia/status/1511185454804049921?t=P3y33ClQjkU6PHr6hb8UXA&s=08
  • https://twitter.com/mygovindia/status/1511185621666041862?t=4d9n9tRHEyAfsp6yEL-WNg&s=08
  • https://twitter.com/hashtag/standupindia?lang=en
  • https://twitter.com/finminindia/status/826450464996618240?lang=en
  • https://twitter.com/DFS_India/status/1397121882512494597?s=20&t=59a3yXDfCbeHdE-EYbZdZA
  • https://twitter.com/FinMinIndia/status/1378897833449771011?s=20&t=rayG3i80DBrvSqnf1cthtQ

YouTube Videos

  • https://youtu.be/ncZf5F_ReLY, PM Modi’s address at the launch of Stand Up India Initiative in Noida, Uttar Pradesh
  • https://youtu.be/M8o1TYfPJ-4

 

See More Links:

Start a Business in Asia

Start a Business in Potential Countries for Doing Business

Best Industry for Doing Business

Business Ideas with Low, Medium & High Investment

Looking for Most Demandable Business Ideas for Startups

Startup Consulting Services

Start a Business in Africa

Start a Business in India

Start a Business in Middle East

Related Videos

Related Books

Related Projects

Related Market Research Reports

 

[1] https://www.narendramodi.in/pm-modi-at-the-launch-of-stand-up-india-initiative-in-noida-uttar-pradesh-440007

[2]https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1737320#:~:text=Key%20Highlights%3A,Scheduled%20Tribe%20and%20women%20borrowers.

[3] https://pib.gov.in/PressReleseDetailm.aspx?PRID=1709415

[4] https://www.standupmitra.in/Home/ImportantSteps

[5] Al Ameen Supplying Company (udyamimitra.in)

[6] SHREE RAJ IMPEX (udyamimitra.in)

[7] THANU DYE CUTTING & LAMINATION (udyamimitra.in)

Tags: #businessconsultant#businessopportunity#BusinessPlan#ProjectReport#StandUpIndia#StandUpIndiascheme#startyourownBusinessbusinessStartup
ShareTweetPin
Previous Post

The Government has announced a Major Boost to the Agriculture Sector in Budget 2022

Next Post

Setting up a Plastics Material and Resin Manufacturing Business

Next Post
Setting up a Plastics Material and Resin Manufacturing Business

Setting up a Plastics Material and Resin Manufacturing Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Contact Us


    Categories

    • Book Review (36)
    • Books (83)
    • Business Ideas for Overseas (67)
    • Business Opportunities (1,563)
    • Business Plan (990)
    • Electroplating and Metal Projects (1)
    • Entrepreneur India Monthly Magazine (44)
    • Featured (2)
    • Government Projects (26)
    • Market Research Report (17)
    • Project Reports (575)
    • Uncategorized (11)

    Industry

    • Activated carbon
    • Activated Charcoal
    • Adhesives and Sealants
    • Agriculture Farming
    • Agriculture Industry
    • Agro Based Products
    • Agrochemicals
    • Alcoholic and Non-Alcoholic Beverages
    • Aluminium and Aluminium Downstream Projects
    • Automobile Industry
    • Bakery and Confectionery
    • Bamboo and Bamboo Products
    • Banana Products
    • Battery Projects
    • Best Business Opportunities in India
    • Bio-Technology
    • Biodegradable products
    • Biofertilizer
    • Biotech Projects
    • Biotech Sector
    • Biotechnology
    • Biotechnology Projects
    • Books
    • Business opportunities in Africa
    • Business Opportunities in Asia
    • Business Opportunity in Middle East Countries
    • Business Plan
    • Carbon fibers
    • Cashew value added Products and Projects
    • Cereal Food Processing
    • Chemical Industry
    • Coconut Products
    • Cold Chain
    • Cold storage
    • Construction & Building Materials Projects
    • Controlled Atmosphere Storage
    • Copper Products
    • corn Processing Industry
    • Cosmetic and Beauty Products
    • Disinfectants
    • Disposable Medical Products
    • Disposable Products
    • Drug Based Projects
    • E- Vehicle projects
    • Eco-Friendly Products
    • Education Sector
    • Electroplating and Metal Projects
    • Engineering Goods Projects
    • Entrepreneur India Monthly Magazine
    • Essential Oil and Oleoresins
    • Ethanol and Alcohol Industry
    • Farming
    • Ferroalloys
    • Fertilizer
    • Fertilizers – Inorganic and organic
    • Fisheries and Aquaculture
    • Food Processing and Agriculture Projects
    • Fruits and Vegetables
    • Fuels
    • Ginger and garlic products
    • Glass Based Projects
    • Government Projects
    • Growth Activator
    • Gums and Binders
    • Gypsum
    • Healthcare Industry
    • Herbs and Herbal Based Products
    • Hotel and Hospitality Projects
    • Industrial Gases Projects
    • Information
    • Insecticides
    • Insecticides industry
    • Iron and Steel projects
    • Jute and Jute Based Project
    • Leather Goods
    • Livestock Farming
    • Maize (Corn) Processing and Maize Products
    • Marble
    • Media and Entertainment
    • Medical Disposables
    • Medical Plastics
    • Men's shaving industry
    • Milk & Dairy Products
    • Mineral water
    • Minerals and Mineral Processing Industry
    • Monthly Magazine
    • Mosquito Repellents
    • Oils and fats
    • Packaging and printing Industry
    • Paint Industry
    • Paper Industry
    • Pesticides
    • Petroleum based products
    • Pharmaceutical Industry
    • Phenyl
    • Pipes and Tubes Based Projects
    • Plastic Projects
    • Potato and Potato Based Products
    • Project Report
    • Quartz
    • Renewable Energy
    • Resins Industry
    • Rice and Rice Based Products
    • Rice Husk Based
    • Rubber Projects
    • Sanitary Napkins and Pad
    • Services Sector
    • Small
    • Soaps and Detergents
    • Spice
    • Sports
    • Startup Consulting Services
    • Stationery Products
    • Surgical
    • Talc
    • Temperature Controlled Supply Chain
    • Textile Industry
    • Tobacco and Pan Masala
    • Vermicompost
    • Vermiculture and Vermicompost Industry
    • Waste Management and Recycling
    • Water Industry (Distilled water
    • Wax and Polish Industry
    • Wire & Cable Projects
    • Wood and Wood Products
    • Wood based Products
    • About
    • Advertise
    • Privacy Policy
    • Contact Us
    • Write for Us

    © 2003-21 NPCS.

    No Result
    View All Result
    • Home
    • Books
    • Projects
      • Project Reports
      • Complete Project List
      • Market Survey Reports
    • Profiles
      • Project Reports & Profiles
      • Complete Profiles List
      • Lab Trials
    • Directory
      • Business Directory
      • Add your Company
    • Resources
      • Blog Archive
      • Information
      • Help
    • Blog
    • Contact
    • Videos
    • Go to Main Site

    © 2003-21 NPCS.