Stand Up India Scheme (SUPI)
The Stand-up India Scheme was launched on 5th April, 2016 to promote entrepreneurship among the Scheduled Castes/ Scheduled Tribes and Women.
Features:
- Composite Loan between Rs.10 lakh and Rs.1 crore to entrepreneurs above 18 years of age, through Scheduled Commercial Banks (SCBs);
- Loan between Rs.10 lakh and Rs.1 crore through Scheduled Commercial Banks (SCBs);
- For setting up greenfield projects in manufacturing, services or trading sector and activities allied to agriculture;
- Repayment of the loan in a span of upto seven years including moratorium period of 18 months;
- Margin money ‘upto 15%’ which can be provided in convergence with eligible central/state government schemes. In any case, the borrower has to bring in minimum of 10 % of the project cost as his/her own contribution;
- Online portal www.standupmitra.in is providing guidance to prospective entrepreneurs in their endeavor to set up business enterprises, starting from training to filling up loan applications, as per bank requirements. In addition, one can also apply for loan over www.jansamarth.in portal.
Progress under Stand-Up India (as on 28.02.2025 since launch of Scheme)
- Accounts sanctioned : 2.67 lakh
- Amount Sanctioned : Rs. 60,504 crore
- Amount Disbursed : Rs. 34,450 crore
- Women accounts : 1.99 lakh
Herein it maynot be out of place to mention that the SUPI Scheme is upto 31.03.2025, in line with the 15th Finance Commission. Besides, as per the Budget announcement for FY 2025-26, “a new scheme will be launched for 5 lakh women, Scheduled Castes and Scheduled Tribes first-time entrepreneurs. This will provide term loans up to Rs.2 crore during the next 5 years. The scheme will incorporate lessons from the successful Stand-Up India scheme. Online capacity building for entrepreneurship and managerial skills will also be organized”.
The relevant EFC note is under preparation as per the same. Comments of the concerned Ministries & Department will be taken and the process would accordingly be taken up further.