The Stand Up India Scheme 2024

The Stand Up India Scheme 2024 is designed to promote entrepreneurship among women and SC/ST communities by facilitating bank loans for setting up greenfield enterprises in manufacturing, services, trading, and agriculture-allied sectors. Here’s a comprehensive overview of the scheme:

Eligibility Criteria

Applicant Type: The scheme is open to women, and individuals belonging to the Scheduled Caste (SC) or Scheduled Tribe (ST) communities.

Age: Applicants must be at least 18 years old.

Business Type: The enterprise must be a greenfield project, which means it should be the first business venture of the applicant in the respective sector.

Ownership: For non-individual enterprises, at least 51% of the shareholding and controlling stake must be held by an SC/ST or woman entrepreneur.

Credit History: Applicants should not have any default history with any bank or financial institution.


Loan Amount: Loans ranging from ₹10 lakh to ₹1 crore.

Interest Rate: The interest rate will be the lowest applicable rate from the bank, typically the base rate (MCLR) plus 3% and a tenor premium.

Repayment: The loan can be repaid within 7 years with a maximum moratorium period of 18 months.

Security: Loans can be secured under the Credit Guarantee Scheme for Stand-Up India Loans (CGFSIL).

Working Capital: Up to ₹10 lakh as overdraft, with amounts above sanctioned as Cash Credit.

Margin Money: Up to 15% margin money can be provided, with the borrower contributing at least 10% of the project cost.

Required Documents

- Aadhaar Card

- Caste Certificate

- Loan Application Form

- Permanent Residence Certificate

- Age Certificate

- Passport-sized Photograph

- Bank Account Details

- Mobile Number

- Email ID

Application Process

Online Application

1. Visit the official Stand Up India portal at [](

2. Register by entering your category, name, email ID, and mobile number, and generate an OTP.

3. Complete the registration and log in using your credentials.

4. Fill out the application form and upload the necessary documents.

5. Submit the application.

Offline Application:

1. Visit the nearest branch of a scheduled commercial bank.

2. Fill out the application form and submit it along with the required documents.

Additional Support

The scheme also offers handholding support through various agencies like SIDBI, NABARD, and others, providing assistance in training, skill development, mentoring, project report preparation, and other services.