Stand Up India Scheme: For First time Entrepreneurs

In Stand Up India Scheme recently Union Budget 2025-26 has announced that they have designed the scheme in a way to provide financial support for first time entrepreneurs from the marginalized groups.

Stand Up India Scheme Details:
This scheme will provide term loans from 10 lakhs to 2 crore for greenfield enterprises. This will help the first time entrepreneurs to get formal credit through banks.

What is Greenfield Enterprises: This is a business or a project that is started from the scratch without any established infrastructure. In simpler words a new facility from the start which is going to be established.

For this scheme the union government has estimated around 10 lakh jobs generation in next few years. A senior government official has stated that this initative will help the first time entrepreneurs and also this encouragement will also generate more than 20 lakh jobs in next five years.

This scheme is mainly focused on the marginalized businesses and helps in boosting formal credit access. They focused this initiative to be a dedicated scheme to support at least 5 lakh first-time entrepreneurs from women, SC and ST.

How to apply for this Scheme:
There are three ways to apply for this scheme.
1.People can approach their nearest bank to apply for this scheme.
2.People can also apply with the help of their lead DIstrict Manager, This details are available in https://www.standupmitra.in/LDMS#NoBack
3.Through official website also this scheme can be applied from https://www.standupmitra.in/

Benefits of this Scheme:
1.In this scheme government will help manufacturing, agricultural, broadband based sectors on the job creation.
2.One more interesting element in this scheme is eligible borrowers will not just get financial help but also government is going to give training and mentoring from the already established and specialized agencies.

Scheme Guarantee:
To make sure the process of this scheme allocation smoothly, the guarantee will be provided by the National Credit Guarantee Trust Company (NCGTC). This is reduce the risk of lenders and fake calls.

With at least expected of 5 lakh entrepreneurs participation in this scheme in next five years will help in economic growth and building a strong base in India’s entrepreneurial environment.