Stand up India scheme

Stand up India scheme: Prime Minister will be launching the “Stand up India scheme” and a Web portal for the scheme on 05th April, 2016 at Sector 62, NOIDA.  The “Stand up India Scheme” is being launched now to promote entrepreneurship among Scheduled Caste/Schedule Tribe and Women for loans in the range of Rs. 10 Lakhs to Rs. 100 Lakhs. The Scheme is expected to benefit large number of such entrepreneurs, as it is intended to facilitate at least two such projects per bank branch (Scheduled Commercial Bank) on an average one for each category of entrepreneur. 

The broad features of the scheme are as under:- 

1. Composite loan between Rs. 10 lakh and upto Rs.100 lakh, inclusive of working capital component for setting up any new enterprise. 
2. Debit Card (RuPay) for drawal of working capital. 
3. Credit history of borrower to be developed. 
4. Refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of Rs.10,000 crore. 
5. Creation of a corpus of Rs. 5,000 crore for credit guarantee through NCGTC. 
6. Handholding support for borrowers with comprehensive support for pre loan training needs, facilitating loan, factoring, marketing etc. 
7. Web Portal for online registration and support services.