What was Stand-Up India scheme?
The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a Greenfield Project.
Who is eligible for Stand-Up India scheme?
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Eligibility. SC/ST and/or woman entrepreneurs, above 18 years of age. Loans under the scheme is available for only green field project. Green field signifies, in this context, the first time venture of the beneficiary in the manufacturing or services or trading sector.
Is there any subsidy in Stand-Up India?
Amount or percentage of subsidy:
Towards organizing the awareness programmes, the Government of India will provide financial support to the extent of 75% of the actual expenditure, subject to maximum Rs.75,000/ - per programme (Average cost of one programme is expected to be Rs. 80,000).
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