home Advertise
With Us

Business loan for women entrepreneurs: How to apply for Stand-Up India scheme

As of November 20, according to the data from the scheme’s portal, the scheme has sanctioned loan applications for 2.08 lakh entrepreneurs involving Rs 46,894 crore out of more than 2.29 lakh applications, involving a total amount of Rs 53,822 crore.

Stand Up India Scheme: Launched by the government in 2016, the Stand-Up India scheme is specifically designed to support aspiring entrepreneurs from scheduled castes, scheduled tribes, and women across the country. The primary objective is to foster economic empowerment, promote entrepreneurship, and generate employment opportunities at the grassroots level. 

As of November 20, according to the data from the scheme’s portal, the scheme has sanctioned loan applications for 2.08 lakh entrepreneurs involving Rs 46,894 crore out of more than 2.29 lakh applications, totalling Rs 53,822 crore. Here’s how you can apply for the scheme: 

Visit standupmitra.in and click on ‘Apply Here’ under ‘You May Access Loans’ 
Select whether you are a new entrepreneur, existing entrepreneur or a self-employed professional and enter your name, email ID and mobile number 
Click on Generate OTP to login 

Enter personal details, professional details (nature of business, area of interest, any previous loan taken, etc) 
Click on ‘Save’ and submit the details 
Click on ‘Apply Now’ under ‘Loan Application Center’ 
You may also click on Handholding agencies’ to get help with form filling, verification, training etc.; ‘Loan enquiry’ for enquiry on loans, government schemes etc., or ‘Knowledge Center’ to know more about entrepreneurship programmes and government schemes
Click on ‘New Application’
Fill the form and submit it 
Your bank will reach out to you for subsequent formalities
You may also apply directly at your bank branch or through your ‘Lead District Manager’. The list of lead district manager of your region is available on Standup mitra portal 
The scheme enables credit between Rs 10 lakh and Rs 1 crore to at least one SC or ST borrower and at least one woman borrower per bank branch for setting up a greenfield (first-time venture) enterprise. This enterprise could be into manufacturing, services, agri-allied activities or the trading sector.

The documents needed to apply for the scheme depend on the location of the business and lender. However, applicant would be required to submit ID and address proof, business address proof, memorandum and articles of association or partnership deep, whichever is applicable, assets and liabilities statement of promoters and guarantors along with latest income tax returns, rent agreement if business premises is on rent, MSME registration if applicable, projected balance sheets for the next two years in case of working capital limits and for the period of the loan in case of term loan, photocopies of lease deeds/ title deeds of all the properties being offered as primary and collateral securities, documents to establish the applicant belongs to SC/ST Category, certificate of incorporation from ROC.