Solution

Stand Up India: Launched in 2016 for facilitating credit to SC/ST and Women entrepreneurs The scheme covers all branches of Scheduled Commercial Banks. Bank loans between Rs.10 lakh and Rs. 1 crore to SC/ ST borrower and woman borrower for setting up a greenfield enterprise. The scheme provides financial assistance (funded /non-funded) for working capital, acquisition of fixed assets in manufacturing, services or retail sector. Loan may be secure by collateral security or at the guarantee of Credit Guarantee Fund for Stand-Up India Loans (BGFSIL) as decided by the banks. The scheme, which covers all branches of Scheduled Commercial Banks, can be accessed in three potential ways: •           Directly at the branch •           Through Stand-Up India Portal (www.standupmitra.in) •           Through the Lead District Manager (LDM) Eligibility •           SC/ST and/or woman entrepreneurs, above 18 years of age •           In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur •           Borrower should not be in default to any bank/financial institution •           Minimum 10% of the project cost to be borne by the borrower