Stand-Up India is a dedicated lending scheme for SC/ST entrepreneurs and women entrepreneurs who have not previously availed a bank loan for business. Banks extend one composite loan between Rs. 10 lakh and Rs. 1 crore per branch to at least one SC or ST borrower and at least one woman borrower for setting up a greenfield enterprise in manufacturing, services, or trading.
The loan covers 75% of the project cost, with the borrower contributing 25% as margin money. Repayment tenure is up to 7 years. Applications are made through the Stand-Up India portal at standupmitra.in.