Stand Up India Yojana 2025: The Government of India is running many schemes to provide financial assistance to the low-level people. A new scheme has been started in this scheme, Stand Up India Yojana has been started recently by the Government of India. Through this scheme, loans will be provided by banks to Scheduled Tribes, Scheduled Castes and women for enterprise.
The interest rate on the loan received through Stand Up India scheme will be very low. Along with this, its time limit has also been kept longer. So that the enterprise can be started easily without any difficulty. Along with this, if it is a non-personal business, then rules have been made for the participation of Scheduled Castes / Tribes and women in it too.
What is Stand Up India Scheme?
Stand Up India is a scheme of the Government of India, through which banks provide loans ranging from Rs 10 lakh to Rs 1 crore to Scheduled Castes , Scheduled Tribes and women for enterprise. So that financial assistance can be provided to the lower class people. Actually this scheme is a financial assistance for the poor people, through which they will be able to bring changes in their lives.
Along with this, for your information, let us tell you that through this scheme, at least one Scheduled Caste, Scheduled Tribe and woman will be given bank assistance. If the business is non-individual, then 51% share holding in it should be with a woman / Scheduled Caste / Scheduled Tribe person. Only then will the non-individual enterprise get the benefit of Stand Up India Scheme.
Objectives of Stand Up India Scheme
The objective of Stand Up India scheme is to provide loans to low-income groups through all the banks of India. Through which they can start their own enterprise. Because enterprise is the only medium through which employment can be generated. Along with this, Scheduled Castes/Scheduled Tribes and women will also get financial help. Due to which they will be able to get out of poverty and achieve a better status.
This scheme gives strength to enterprise, so that enterprises can be generated. Actually the reason behind this is that through this scheme, along with business, many employment opportunities will also be generated for other people. Along with this, through this scheme, more importance has been given to the people of lower class Scheduled Caste / Scheduled Tribe. Due to which it will be possible to improve their economic condition socially.
Benefits of Stand Up India Scheme
- Through this scheme loan is provided for enterprise.
- There is a provision for giving loans to Scheduled Tribes/Scheduled Castes and women through this scheme.
- Under this scheme, loans ranging from Rs 10 lakh to Rs 1 crore are given.
- The benefits of this scheme will lead to growth in business.
- Through this scheme, the economic condition of low class people will improve.
- Apart from this, employment opportunities will also be generated through the scheme.
- Loans will be provided for greenfield business through this scheme. This will help in the growth of greenfield business in India.
- Through this scheme, business will increase in the lower class. Due to which they will also be looked upon with respect in the society.
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Eligibility for Stand Up India Scheme
- The benefit of this scheme will be given to Scheduled Caste/Scheduled Tribe and women.
- To avail the benefits of this scheme, the age limit of SC/ST and female person should be above 18 years.
- The benefit of this scheme will be given only when a green field business is started. Green field enterprise means a business done for manufacturing and service sector.
- The benefit of this scheme will be given only to Scheduled Tribes, Scheduled Castes and Women. But if a non-individual takes advantage of it, then it is necessary to have 51% participation of Scheduled Caste/Scheduled Tribe/Women in the enterprise.
- For this scheme, the borrower should not be a fraud towards the bank or any financial institution.
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Documents required for Stand Up India Scheme
- Aadhar card
- PAN card
- Income Certificate
- Address proof
- Caste Certificate
- Bank passbook
- Photo
How to apply for Stand Up India Yojana? (Stand Up India Yojana Online Apply)
- To apply for Stand Up India Scheme, first of all go to the official website of Government of India.
- Select the option of Stand Up India Scheme on this website.
- Due to which a new page related to the scheme will open.
- On this page the applicant has to fill the information carefully.
- After this the applicant has to upload the document.
- Apart from this, you can fill the offline application form by directly going to the bank.
- Attach all the documents to this application form and submit it to the bank.
- After this, after verification of the form by the bank officials, the loan will be provided to the applicant.