Stand-Up India Loan Scheme 2023 – Utishtha Bharat – Online Registration, Interest Rates, Application Form

The Government of India was launched Stand Up India Scheme on 5 April 2016 to support entrepreneurship among women especially for Scheduled Castes, Scheduled Tribes and women of all classes. The main objective of Stand-up India Scheme is to offers bank loans of between ₹10 lakh (US$13,000) and ₹1 crore (US$130,000) for scheduled castes and scheduled tribes and women setting up new enterprises outside of the farm sector and make all of them entrepreneurs and to encourage them to increase entrepreneurship.

How To Apply:

1. Go to official website of Stand-up India.
2. Enter the business column and fill out the registration form with required details which asked.
3. Select whether the promoter belongs to women category or SC / ST category and has 51% or more share in the business.
4. Next, give information about your previous business experience by mentioning the years of professional activity, business experience and nature.
5. Fill the personal information like name, company name, user name, mobile number, email etc.
6. Click on the register to apply for the stand-up India scheme.

Official Portal: Stand-up India Loan Scheme 2022

Registration Page: Stand-up India Loan Scheme 2022 

Stand-Up India or Utishtha Bharat Loan Scheme 2022 – Notification, Online Application Form, Apply Online

Under this scheme, women can setting up new enterprises outside of the farm sector may be related to manufacturing, service or trade sector however, in case of non-individual enterprise, 51% shareholding and controlling stake should be held by SC/ST or women entrepreneur. Under this scheme, any woman from among the Scheduled Castes or Scheduled Tribes who wants to setting up new enterprise can get assistance from the bank from Rs 10 lakh to Rs 1 crore. Under this Scheme, the branches of each bank financially supported at least one scheduled caste or tribe and one woman entrepreneur will be setting up her own business.

Under This scheme, the Government provides benefit of this scheme will be available only on opening of business for the first time in Green Field Projects and loan will be available to those entrepreneurs who are opening new business in the field of trade, services and manufacturing. This government scheme will prove to be very useful for those women who want to start their own enterprise, they can start their employment through bank loan and get the option or support to invest capital to start a new venture.

Stand-Up India or Utishtha Bharat Loan Scheme 2022 Details – Eligibility Criteria, Necessary Documentation, Interest Rate, Stand-up India Objectives, Key features

Eligibility Criteria:

1. Applicant must be SC/ST and/or women entrepreneurs who are above 18 years of age.
2. Under the scheme, Assistance is available only for new (greenfield) projects.
3. Under the scheme, the turnover of the firm must not be more than 25 crores.
4. The candidate should not be a defaulter to any bank/financial institution.
5. Under the scheme, in case of non-individual enterprise, 51% shareholding or controlling stake should be held by SC/ST and/or women entrepreneur.

Required Documents:

1. Identity Proof: Aadhar Card, Driving License, Voter ID etc.
2. Caste certificate.
3. Pan Card.
4. Passport Size Photo.
5. Bank Account.
6. Copy of Income Tax Return (Latest).
7. Project Report.
8. If the business premises are on rent then Rent Report will also have to be submitted.
   Copy of partnership deed.

Required Details When Providing A Loan:

1. Location of Borrower.
2. Category.
3. Nature of business.
4. Availability of place to operate business.
5. Assistance needed for preparing a project plan.
6. Requirement of skills and training.
7. Amount of own investment into the project.
8. Whether help is needed to raise margin money.
9. Any previous experience in the business.

Rate of interest:

• Under the Stand-up India Scheme, the rate of interest shall be the minimum rate of interest applicable by the Bank for the respective specified category (rating category), not exceeding (Base Rate (MCLR) + 3% + Intent Premium).

Under the Stand-up India Scheme a digital platform or portal has been created where information related to this scheme has been given. Through this Stand-up India portal, any applicant can apply for loan as well as know about hand hold support, credit information and finance related information etc and you can also get financial assistance or loan information to get loans at low interest rates. The main objective of government behind launched this scheme is to advance the women and backward classes of the country and give them an opportunity to open their own businesses by providing them financial assistance under the Stand-up India scheme whoever wants to start their new business from this community, they will be provided loan by the bank under this scheme of the government. If you want to get more latest information about this Stand-up India Scheme, you can visit its official portal.