Stand-Up India is a flagship scheme of the Government of India, launched by the
Ministry of Finance to promote entrepreneurship among Scheduled Castes (SC),
Scheduled Tribes (ST), and Women entrepreneurs.
The scheme facilitates bank loans ranging from ₹10 Lakhs to ₹1 Crore
for setting up greenfield enterprises in manufacturing, services,
trading sectors, and activities allied to agriculture.
Note: There are no agents or middlemen appointed by MUDRA. Applicants are advised to avoid individuals claiming to facilitate PMMY loans for a fee.
Composite loan (inclusive of term loan and working capital) between 10 lakh and up to 100 lakh representing up to 85% of the project cost would be eligible.
The rate of interest would be lowest applicable rate of the bank for that category (rating category) not to exceed (base rate (MCLR) + 3%+ tenor premium).
The loan is repayable in 7 years with a maximum moratorium period of 18 months.
All branches of Scheduled Commercial Banks located across the country.
Any new entrepreneur requires guidance in his endeavor to set up his or her business enterprise starting from training to filling up loan applications as per bank requirements.
You may navigate through the portal or seek assistance from the nearest branch of a Scheduled Commercial Bank to help you identify the nature of hand-holding support required.
Stand-Up India loan may be provided to entrepreneurs for engaging in manufacturing, trading, services sectors including activities allied to agriculture.
Under the Stand Up India loan, activities allied to agriculture include pisciculture, beekeeping, poultry, livestock, rearing, grading, sorting, aggregation agro-industries, dairy, fishery, agri-clinic and agri-business centres, food and agro processing etc.
The scheme is for setting up a new enterprise in manufacturing, trading, services sector or activities allied to agriculture by SC/ST and Women entrepreneur.
Stand-Up India Scheme is intended to support SC/ST and Women entrepreneurs to set up green field projects through bank branches in India while Start Up India Scheme aims to boost innovative and technology led enterprises for new/existing enterprises.
