⚠️ Independent Information Only
This page is written by an independent website. It is not affiliated with the Government of India. Always apply through the official government website linked below.
Simple Overview
Stand Up India requires every bank branch in India to grant at least one loan to an SC/ST borrower and one to a woman borrower for setting up a new (greenfield) enterprise. Loans range from ₹10 lakh to ₹1 crore. The scheme aims to promote entrepreneurship among India's most underrepresented groups by giving them access to formal bank credit.
Who Can Apply?
- SC/ST entrepreneurs (male or female)
- Women entrepreneurs (any caste or community)
- Must be 18 years or older
- Enterprise must be a new greenfield project
- For companies: 51% shareholding must be by SC/ST or a woman
Income Limits
No income restriction, but the enterprise must be a new greenfield project (not an existing business).
Required Documents
- Aadhaar Card and PAN Card
- SC/ST certificate (for SC/ST applicants)
- Detailed business plan / project report
- Proof of business premises (if any)
- Bank statement last 6 months
- Quotations for machinery/equipment
- Proof that enterprise is a new greenfield project
Step-by-Step Application Process
- 1Apply on standupmitra.in or visit bank
Apply on the official Stand Up Mitra portal at standupmitra.in or visit any scheduled commercial bank branch with your documents.
- 2Prepare a strong business plan
A clear, detailed business plan is essential. Get free help from RSETIs (Rural Self Employment Training Institutes) or SIDBI facilitators.
- 3Bank review and sanction
Bank assesses your application, credit history, and project report. May inspect the proposed business location.
- 4Receive loan and RuPay debit card
After sanction, receive the loan disbursement and a RuPay debit card for managing working capital withdrawals.
Benefits of the Scheme
- Large loans up to ₹1 crore for underrepresented entrepreneurs
- Handholding support through Standup Mitra portal — business planning, training, mentorship
- Every bank branch must meet Stand Up India targets — banks actively seek eligible borrowers
- Up to 7-year repayment period with 18-month grace period
Common Mistakes to Avoid
- Applying for an existing business — only new greenfield enterprises are eligible
- Submitting a weak or vague project report — the bank cannot assess viability without clear details
- Not checking credit score (CIBIL) before applying — low score is a common rejection reason
Frequently Asked Questions
Visit the official government website to start your application. It is free and takes only a few minutes to begin.
🌐 Apply on Official Website