Definition
Stand-Up India Scheme
Stand-Up India facilitates bank loans to Scheduled Caste, Scheduled Tribe and women entrepreneurs to set up greenfield enterprises.
The Stand-Up India scheme requires scheduled commercial banks to extend loans within a specified range to at least one SC/ST borrower and one woman borrower per branch for setting up a new (greenfield) enterprise in manufacturing, services or trading.
It is designed to promote entrepreneurship among under-represented groups and is supported by handholding and a credit-guarantee mechanism. Alongside PM Mudra Yojana and Startup India, it forms part of the government's push to widen access to enterprise finance.
Related terms
- SIDBISIDBI is the Small Industries Development Bank of India, the principal financial institution for promoting and financing the MSME sector.
- Pradhan Mantri Mudra YojanaPM Mudra Yojana provides collateral-free loans to small and micro non-corporate businesses through banks and other lenders to support self-employment.
- Startup IndiaStartup India is the government initiative to nurture startups through tax benefits, simpler compliance, funding support and recognition.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.