Stand Up India Yojana 2023 is a scheme launched by the Government of India in 2016 with the objective of promoting entrepreneurship among women and SC/ST (Scheduled Castes and Scheduled Tribes) communities. The scheme aims to provide financial assistance to these groups to start new enterprises or expand existing ones.
Stand Up India Yojana
Under the Stand Up India Yojana 2023, loans ranging from Rs. 10 lakhs to Rs. 1 crore are provided to at least one SC or ST borrower and at least one woman borrower per bank branch for setting up an enterprise. The scheme also provides for the refinancing of loans for activities related to agriculture and allied activities, manufacturing, trading, and services. This scheme has been designed to ensure that the loans are provided at lower interest rates and with a longer repayment period to encourage entrepreneurship among these communities. The scheme also provides for handholding support and guidance to the borrowers through various government agencies and financial institutions.
Stand Up India Yojana 2023
The Stand Up India Yojana 2023 is a government initiative aimed at promoting entrepreneurship among women and marginalized communities in India. Launched in 2016, the scheme provides financial assistance to eligible individuals for setting up greenfield enterprises in manufacturing, trading, or service sectors. The Stand Up India Yojana 2023 program has been a great success, with thousands of entrepreneurs availing of loans under the scheme to start their own businesses.
In 2023, the government further strengthened the Stand Up India Yojana by expanding its scope and introducing new features to make it more accessible to a wider section of society. With this renewed focus, the scheme is expected to play a vital role in creating a conducive environment for entrepreneurship and boosting economic growth in the country.
Stand Up India Yojana Overview
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Stand Up India Yojana Eligibility 2023
The Stand UP India Yojana Eligibility 2023 includes:
1. The applicant should be an Indian citizen.
2. The applicant should belong to a marginalized community or be a woman entrepreneur.
3. The age of the applicant should be between 18 and 55 years.
4. The applicant should not have defaulted on any loan from any bank or financial institution.
5. The proposed business should be in the manufacturing, trading or service sector.
6. The business should be a greenfield project, i.e. a new venture without any existing assets.
7. The proposed project should have a minimum capital requirement of Rs. 10 lahks and a maximum of Rs. 1 crore.
Stand Up India Yojana Official Website
The Stand Up India Yojana Official website standupmitra.in. This Stand Up India Yojana Official website is managed by the Department of Financial Services, Ministry of Finance, Government of India. The website provides comprehensive information on the scheme, including the eligibility criteria, loan application process, and frequently asked questions.
Entrepreneurs can register and apply for a loan through the website by providing their personal and business details. The website also offers an online grievance redressal system for applicants who face any issues during the loan application process. Moreover, the website has a dedicated section for financial institutions and banks that participate in the scheme, where they can register and provide their services to eligible entrepreneurs.
Stand Up India Yojana Helpline Number
The Stand Up India Yojana Helpline Number is 1800-180-1111. This toll-free number is available 24/7 and can be used by entrepreneurs to seek information or assistance regarding the scheme. The Stand Up India Yojana Helpline Number is managed by the Department of Financial Services, Ministry of Finance, Government of India, and is staffed by trained professionals who can answer queries related to the scheme’s eligibility criteria, loan application process, and other aspects. Entrepreneurs can also use the helpline to register complaints or grievances related to the scheme.
How to apply for stand up india yojana 2023?
- Visit the official website of Stand Up India Yojana Home Page
- Click on the “Apply Now” button on the home page. Register on the portal by providing your personal and business details.
- Fill out the loan application form with accurate information. Upload the required documents, including your business plan, project report, identity proof, and address proof.
Review and submit the application. After submitting the application, you will receive an acknowledgment receipt with a unique application number. The loan application will be processed by the concerned financial institution or bank, and you will be notified of the status of your application.
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FAQs related to Stand Up India Yojana 2023
What is the Stand Up India Yojana 2023?
A government initiative to promote entrepreneurship among women and marginalized communities.
Who is eligible for Stand Up India Yojana 2023?
Indian citizens between 18 and 55 years of age belong to marginalized communities or women entrepreneurs.