About Stand-Up India Scheme
Loanpao’s Stand-Up India Scheme loans in Delhi, India, empower Scheduled Castes (SC), Scheduled Tribes (ST), and women entrepreneurs to start greenfield enterprises in manufacturing, services, trading, or agri-allied activities. Launched in 2016 by the Ministry of Finance and extended to 2025, this scheme offers loans up to ₹1 crore through RBI-regulated banks like SBI, HDFC, and Axis Bank, with fast approvals and minimal collateral requirements.
Why Choose Stand-Up India Scheme?
- Interest Rates: 10.5% - 12.5% per annum
- Loan Amount: ₹10,00,000 - ₹1,00,00,000
- Tenure: 12 - 84 months
- Disbursal within 5-7 days
- No collateral for eligible projects
- Subsidies up to 75% (max ₹75,000)
- Handholding via SIDBI, NABARD, DICCI
- Credit guarantee through NCGTC
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Age | Above 18 years |
| Category | SC/ST or Women |
| Project Type | Greenfield (first-time venture) |
| Ownership | 51% shareholding by SC/ST or women |
| Credit History | No defaults with banks/NBFCs |
What Documents Do You Need?
- KYC: Aadhaar, PAN, passport, or voter ID
- Category Proof: SC/ST certificate or gender proof
- Business Plan: Project report for greenfield venture
- Income Proof: ITR for last 2 years
- Bank Statement: Last 6 months
- Business Proof: Shop license or utility bill
- Passport-size photographs
Competitive Interest Rates & Fees
| Bank/Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| SBI | 10.5% - 12.15% | Up to 1% or ₹10,000 |
| HDFC Bank | 10.75% - 12.25% | Up to 1.5% or ₹12,000 |
| Axis Bank | 11.0% - 12.5% | Up to 1.25% or ₹10,000 |
| Bank of Baroda | 10.8% - 12.3% | Up to 1% or ₹8,000 |
| Bajaj Finance | 11.5% - 12.5% | Up to 2% or ₹15,000 |
Extra Charges:
- Late Payment Charges: ₹500 + 3% on overdue amount
- Foreclosure Charges: 4% if prepaid within 12 months, else 2%
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of May 2025 and subject to change.
Calculate Your EMI
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How to Apply for Stand-Up India Scheme
- Complete the online application with business details.
- Submit KYC, category proof, business plan, ITR, and bank statements.
- Undergo verification of documents and project viability.
- Sign the digital loan agreement.
- Receive funds in your account within 5-7 days.
Common Questions About Stand-Up India Scheme
What is the Stand-Up India Scheme?
An initiative to provide loans for SC/ST and women entrepreneurs to start greenfield ventures in manufacturing, services, trading, or agri-allied activities.
Who can apply?
SC/ST or women above 18 years starting a first-time venture, with no defaults and 51% ownership for non-individual entities.
What is the maximum loan amount?
Up to ₹1,00,00,000, based on project viability and lender assessment.
How long does disbursal take?
Within 5-7 days after verification.
Is collateral required?
No, but a credit guarantee fee via NCGTC applies.
Can I prepay the loan?
Yes, with 4% charges if prepaid within 12 months, else 2%.
What is the repayment tenure?
From 12 to 84 months, including an 18-month moratorium.
Are there special offers?
Apply by 31st May for waived processing fees on loans above ₹50,00,000.
What can the funds be used for?
Setting up new ventures in manufacturing, services, trading, or agri-allied activities.
What happens if I default?
Late fees, credit score impact, and potential legal action may apply after due notice.