Overview
Bank loans between ₹10 lakh and ₹1 crore for at least one SC/ST borrower and one woman borrower per bank branch to set up a greenfield enterprise.
Why it matters for founders
Use this scheme together with other Startup India and MSME benefits. Our community experts can help you prepare documents and a strong application.
Key benefits
Composite loan (term loan + working capital) between ₹10 lakh and ₹1 crore
Repayment over up to 7 years with a moratorium of up to 18 months
Credit guarantee cover through CGFSIL
Handholding support through the Stand-Up India portal
Eligibility
- SC/ST and/or women entrepreneurs above 18 years of age
- Loans only for greenfield projects (first venture of the beneficiary) in manufacturing, services, trading or allied agriculture
- For non-individual enterprises, at least 51% shareholding and controlling stake held by SC/ST or woman entrepreneur
- Borrower should not be in default to any bank
How to apply
- 1
Register on standupmitra.in
- 2
Answer the questions to get matched with lenders and support agencies
- 3
Submit the loan application to the chosen bank branch
- 4
Bank appraises and sanctions the composite loan
Documents required
- Identity, address and caste certificate (for SC/ST)
- Project report
- Partnership deed / MoA (for companies and firms)
- Proof of business premises
Frequently asked questions
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