deAsra Guide For Stand-Up India Loan Scheme
The aim of the Stand-Up India scheme is to ensure that every bank branch provides business loans to at least one woman entrepreneur and at least one Schedulaed Caste/Scheduled Tribe entrepreneur. The loan amount can vary from INR 10 lakhs to INR 1 crore and it is provided for new businesses.
Traditionally, banks are wary of providing business loans to women and SC/ST communities. This is mainly due to the inherently wrong notion that they are not good at business. This notion has been proven wrong time and again. The Stand-Up India loan scheme is a platform to encourage people from these sections of the society to come out and set up a successful business, proving their critics wrong.