Government disburses more than Rs 40,000 crore loans to 1.8 lakh borrowers under Stand-Up India Scheme
By MYBRANDBOOK
The Finance Ministry said that under the Stand-Up India Scheme, in the past seven years loans worth over Rs 40,000 crore were sanctioned to more than 1,80,000 entrepreneurs.
In order to promote SC, ST and women entrepreneurs at the grassroot level the scheme was launched on April 5, 2016. It focuses on economic empowerment and job creation. In 2019-20, the Stand Up India Scheme was extended till 2025.
Last April, the Ministry said that over Rs 30,160 crore worth of loans were disbursed under the scheme in the first six years, which implies that the past one year saw disbursals of around Rs 10,000 crore, or accounted for a quarter of all disbursals.
According to the government, out of the over 1,80,000 beneficiaries of the scheme till date, 1,44,787 were women entrepreneurs, while 26,889 belonged to the Scheduled Castes and 8,960 to the Scheduled Tribes.
To set up a greenfield enterprise in manufacturing, services or trading sectors and activities allied to agriculture, the scheme helps in bank loans ranging between Rs 10 lakh to Rs 1 crore to at least one SC or ST borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks (SCBs).
to qualify for the loan include that at least 51 percent stake should be held by an SC, ST or woman entrepreneur for a non-individual enterprise. SC or ST and/or women entrepreneurs, above 18 years of age with at least 51 percent controlling stake in a greenfield, non-individual enterprise are eligible for a loan.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Bolstering its commitment to help build a truly self-reliant B
CP PLUS is dedicated to spreading a sense of security to every corner of In
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
SAFE SECURITY SERVICES PVT. LTD.
NETWEB TECHNOLOGIES INDIA LTD.
EXIDE INDUSTRIES LTD.
PDRL - Passenger Drone Research Pvt. Ltd.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : AALOK KUMAR
Aalok Kumar is celebrated as a global leader and recipient of the Peop...
Icons Of India : Harsh Jain
Harsh Jain, the co-founder of Dream 11, the largest fantasy sports web...
ICONS OF INDIA : VIJAY SHEKHAR SHARMA
Vijay Shekhar Sharma is an Indian technology entrepreneur and multimil...
PARTNER SPEAKERS
PSU
BSE - Bombay Stock Exchange Â
The Bombay Stock Exchange (BSE) is one of India’s largest and oldest...
NPCI - National Payments Corporation of India Â
NPCI is an umbrella organization for operating retail payments and set...
RailTel Corporation of India LimitedÂ
RailTel is a leading telecommunications infrastructure provider in Ind...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Lal Karsanbhai, President & CEO, Emerson
Lal Karsanbhai, President and CEO of Emerson, assumed the leadership i...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - ANJALI SUD, CEO – Tubi
Anjali Sud, the former CEO of Vimeo, now leads Tubi, Fox Corporationâ€...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
