Subsidy Mantra
86, Gopalpura Bypass Rd, Jaipur subsidymantra@gmail.com

Launched by the Government of India in April 2016, the Stand-Up India Scheme aims to promote entrepreneurship among Scheduled Castes (SC), Scheduled Tribes (ST), and women by facilitating bank loans for setting up greenfield enterprises. The scheme offers financial assistance ranging from ₹10 lakh to ₹1 crore to eligible borrowers for establishing new ventures in manufacturing, services, trading sectors, or activities allied to agriculture.

At Subsidy Mantra, we provide comprehensive support to entrepreneurs in availing the benefits of the Stand-Up India Scheme, from eligibility assessment and documentation to application filing and coordination with financial institutions.

Key Features of the Stand-Up India Scheme
 
  1. Loan Amount: Composite loans (inclusive of term loan and working capital) ranging from ₹10 lakh to ₹1 crore.
  2. Purpose: To establish greenfield enterprises in manufacturing, services, trading sectors, or activities allied to agriculture.
  3. Repayment: Loan tenure of up to 7 years with a maximum moratorium period of 18 months.
  4. Margin Money: The scheme envisages a margin money requirement of up to 25% of the project cost, which can be provided in convergence with eligible Central/State schemes. However, the borrower is required to bring in a minimum of 10% of the project cost as own contribution
  5. Security: Besides primary security, the loan may be secured by collateral security or guarantee of the Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL), as decided by the banks.
  6. ✅Working Capital: For drawal of working capital up to ₹10 lakh, the same may be sanctioned by way of overdraft. A RuPay debit card is issued for convenience of the borrower. Working capital limit above ₹10 lakh is sanctioned by way of cash credit limit

 
Benefits of the Stand-Up India Scheme
 
  1. Promotes Inclusive Entrepreneurship: Encourages participation of SC/ST and women entrepreneurs in the economic mainstream
  2. Financial Support: Provides substantial funding support for setting up new enterprises
  3. Collateral Support: Offers credit guarantee through CGFSIL, reducing the burden of collateral requirements
  4. Handholding Support: Includes facilitation of support services like training, skill development, and mentoring through the Stand-Up India portal.
How Subsidy Mantra Assists You
  1. Eligibility Assessment: Evaluate your eligibility for the scheme based on your profile and business idea.
  2. Project Report Preparation: Assist in creating a comprehensive project report and business plan.
  3. Application Filing: Guide you through the application process, ensuring accurate and timely submission.

  4. Bank Coordination: Liaise with banks and financial institutions to facilitate loan processing

  5. Post-Sanction Support: Provide assistance in post-sanction activities, including documentation and compliance

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