Stand-Up India Completes 9 Years Empowering SC/ST and Women Entrepreneurs with Over ₹61,000 Crore in Sanctions.
National
On April 5, 2025, the Stand-Up India Scheme, a transformative initiative of the Government of India (GoI), has completed 9 years of successful implementation.
- It was launched on April 05, 2016, to promote entrepreneurship at the grassroot level, focusing on economic empowerment and job creation.
- The scheme is being implemented by the Department of Financial Services (DFS), Ministry of Finance (MoF), and the Lucknow (Uttar Pradesh, UP)-based Small Industries Development Bank of India (SIDBI) is the nodal agency for the scheme.
Main Point :- (i) The scheme is specifically designed to address the challenges faced by Scheduled Caste (SC) / Scheduled Tribe (ST) or women entrepreneurs in establishing enterprises, accessing loans, and obtaining other necessary business support.
(ii) It offers bank loans ranging from Rs 10 lakh to Rs 100 lakh to a minimum of one SC/ST borrower and one woman borrower per bank branch of Scheduled Commercial Banks (SCBs).
(iii) Over the past 9 years, the scheme has witnessed significant growth, with the total amount sanctioned increasing from Rs 14,431.14 crore (as of October 31, 2018) to Rs 61,020.41 crore (by March 17, 2025) since its inception.
About MoF
Union Minister : Nirmala Sitharaman
Headquarters : New Delhi
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