- More Info
- www.standupmitra.in
- Organization
- All branches of scheduled Commercial Banks
- Fund type
- Debt
- Source
- Non-Government
- Status
- Live
- Focus area
- Biotech, Medtech, Health & rehabilitation | Agriculture, food and nutrition | Cleantech, energy, environment, waste, sanitation | Automation, mobility | Hardware, software, IOT, data, AI, ML | Industrial Products | Material Tech, textiles | Space and Aviation | Edtech, Fintech | Other sectors | Electric vehicles
- Target
- Private Limited Company | Limited Liability Partnership | Individual- students | Individual- Innovators | Individual- academicians | Individual- researcher | women entrepreneurs
- Fund range
- Rs. 10 lakhs- Rs. 25 lakhs | Rs. 25 lakhs- Rs. 50 lakhs | Rs. 50 lakhs- Rs. 2cr
- Fund stages
- D. Technology Scale-up/ Validation / De-risking | F. Expansion
Composite loan (inclusive of term loan and working capital) between 10 lakh and upto 100 lakh
Purpose
The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur. For setting up a new enterprise in manufacturing, trading or services sector by SC/ST/Women entrepreneur.