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The Biggest Entrepreneurship Development Program is here in India

Source | indiansme.in  |  BY: Avinash

2.5 Lakh entrepreneurs to be created across country in 3 years! That is the big Idea. Our honourable Prime Minister launched this scheme on April 05 2016. Stand- Up India is more of an ecosystem for entrepreneurs in the country. However it is available to SC/ST and women entrepreneurs in the country. These entrepreneurs will be eligible to get ₹10- ₹100 lakhs of bank loan under this scheme. This is more of an ecosystem since one can not only take loans but will also be able to seek a wide range of services for starting up and scaling up, like attending financial literacy programs, developing project reports, getting access to service providers and industrial sheds, raising margin money, getting mentorship etc.

The Stand- Up India Eco-System :

The Stand-Up India scheme was launched to commemorate the 125th Birth Anniversary of Dr. Babasaheb Bhimarao Ambedkar and aims to support over 2.5 Lakh enterprises through 1.25 Lakh bank branches in the country. Each bank branch is expected to disburse at least 2 loans, one for SC/ST entrepreneur/borrower and one woman entrepreneur/borrower.

Stand- Up India portal – standupmitra.in facilitates everything through
Handholding
Financial information dissemination
Credit guarantee

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