Stand-Up India
Ministry: Ministry Of Finance
Department: Department of Financial Service
A scheme by Ministry of Finance for financing SC/ST and Women Entrepreneurs by facilitating bank loans for setting up a greenfield project Enterprise in manufacturing, services, trading sector and activities allied to agriculture.
About This Scheme
Benefits
₹10.0 L
1. Facilitation of composite loan (inclusive of term loan and working capital) between ₹10 Lakhs and ₹100 Lakhs. Rupay debit card to be issued for convenience of the borrower.
1. The web portal by SIDBI provides hand-holding support through a network of agencies engaged in training, skill development, mentoring, project report preparation, application filling, work shed / utility support services, subsidy schemes etc.
Eligibility
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Required Documents
- ✦Proof of Identity: Voter’s ID Card / Passport / Driving License / PAN Card / Signature identification from present bankers of proprietor, partner of director ( if a company)
- ✦Proof of Residence: Recent telephone bills, electricity bill, property tax receipt /Passport / voter’s ID Card of Proprietor, partner of Director (if a company)
- ✦Proof of Business Address
- ✦Proof that the applicant is not a defaulter in any Bank / Financial Institution
- ✦Memorandum and articles of association of the Company / Partnership Deed of partners etc.
- ✦Assets and liabilities statement of promoters and guarantors along with latest income tax returns.
- ✦Rent Agreement (if business premises on rent) and clearance from pollution control board if applicable.
- ✦SSI / MSME registration (if applicable)
- ✦Projected balance sheets for the next two years in case of working capital limits and for the period of the loan in case of term loan.
- ✦Photocopies of lease deeds/ title deeds of all the properties being offered as primary and collateral securities.
- ✦Documents to establish whether the applicant belongs to SC/ST Category, wherever applicable.
- ✦Certificate of incorporation from ROC to establish whether majority stake holding in the company is in the hands of a person who belongs to SC/ST/Woman category.
- ✦Profile of the unit (includes names of promoters, other directors in the company, the activity being undertaken addresses of all offices and plants, shareholding pattern etc.
- ✦Last three years balance sheets of the Associate / Group Companies (if any).
- ✦Project report (for the proposed project if term funding is required) containing details of the machinery to be acquired, from whom to be acquired, price, names of suppliers, financial details like capacity of machines, capacity of utilization assumed, production, sales, projected profit and loss and balance sheets for the tenor of the loan, the details of labour, staff to be hired, basis of assumption of such financial details etc.
- ✦Manufacturing process if applicable, major profile of executives in the company, any tie-ups, details about raw material used and their suppliers, details about the buyers, details about major-competitors and the company’s strength and weaknesses as compared to their competitors etc.
✦ Required ◦ Optional
How to Apply
The first step is to visit the official portal of StandUp India at: https://www.standupmitra.in/Login/Register Enter the full details of the business location. Select the category between SC, ST, Woman, and whether the stake held is 51% or higher. Select the nature of the proposed business; the loan amount desired description of the business, the details of the premises, etc. Populate the fields with past business experience, including tenure. Select the need for hand-holding is required. Enter
Apply here ↗Quick Info
- Level
- Central Government
- Max benefit
- ₹10.0 L
- Launched
- 5 Apr 2016
- Deadline
- 31 Mar 2025