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Prime Minister Narendra Modi launched the Stand-Up India scheme on 15 April 2016 as part of the government's efforts to support entrepreneurship among women and Schedule caste and Schedule Tribe communities.
Stand-Up India for Financing SC/ST and/or Woman Entrepreneurs
Small Industries Development Bank of India (SIDBI)
Stand Up India Scheme facilitate bank loans between 10 lakhs and 1 crore to at least one scheduled caste (SC) or Scheduled Tribe, borrower and at least one woman per bank branch for setting up a Greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.
Who is eligible to avail the scheme?
1) SC/ST and/or women entrepreneurs; above 18 years of age.
2) Loans under this scheme are available for only Greenfield project. That signifies, in this context, the first time venture of the beneficiary in the manufacturing or services or trading sector.
3) In case of non-individual enterprises, 51% of the shareholding and controlling stakes should be held by either SC/ST and/or Women Entrepreneur.
4) Borrower should not be in default to any bank or financial institution.
Procedure to Apply Online
The scheme which covers all branches of Scheduled Commercial Banks will be accessed in three potential ways:
- Directly at a Bank Branch
- Through SIDBI Stand-Up India Portal (www.standupmitra.in)
- Through the Lead District Manager
How to Avail Stand Up India Scheme
1. Through stand up India Portal provides information to a potential borrower on various kinds of handholding support from different agencies and also provides a window to get in touch with banks to avail loans
2. The applicant first click to "Register" and answer to few short questions on the Registration page of the portal
3. Based on the response, the Applicant would be classified as the "Trainee Borrower" or "Ready Borrower". Applicant would also be given feedback on his/her eligibility for stand-up India loan
4. A trainee borrower/ready borrower may then choose to register and login through the portal. 5. Upon logging through the portal, the borrower is taken to a dashboard.
The Indian innovation ecosystem is growing faster than ever. Startup India aims to build lasting relations with its nationwide network of disruptors and innovators to help fuel business growth and achieve innovation goals. Our innovation programs are one of its kinds in the country and have helped over 150 corporate and government departments connect with the most innovative startups for mutually beneficial associations. Our scope of programs and existing collaborations with our global partners have enabled Indian startups expand beyond boundaries. Partner with Startup India and tap into their network to accelerate innovation.
It provides:
- Innovative Solutions to Key Business Challenges in corporate.
- New Revenue Streams and Business Lines
- Achieving Cost Efficiencies of the corporate.
- Government helps in avoiding External Innovation and Disruption
- Government helps in Staying on-top of market developments
- It gives you a Quick solutions to key challenges
- Global Bodies assist you to Co-develop bilateral programs
- Global Bodies have a deep Access to Indian talent
- They offer Global Learning and exchange of best practice.
Let’s understand the Engagement Models
Open Innovation Challenge- Find innovative solutions to your specific business challenges.
Corporate Venture Capital
Build your investment pipeline by gaining access to world’s largest network of entrepreneurs across stages.
Pro-bono offerings- Acquire potential customers for your product service by listing free offerings for the start up.
- Cloud Services
Get credits for hosting your website and managing your business phone systems on the cloud.
- Management and Enterprise Software
Make use of SaaS solutions to automate organisational processes such as sales and marketing and enhance productivity levels.
- Legal Support
Receive legal advice for your startup including company incorporation, structuring and compliances.
- Financial Services
Use convenient banking and fin-tech services for starting and running your business.
- Business Services
Make use of various tools and applications to scale-up your business.
Start up Partnership Gain- access to complementary technology, product or services without large financial commitment.
Incubator or Accelerator Program- Support or set-up an incubator or accelerator to help, entrepreneurs develop their business in the initial stages of starting up.
Innovation, R & D Labs- Convene teams of internal innovators and startups to develop and rapidly prototype new products and services
Demo Days - Organise pitching sessions for startups above seed stage through exclusive demo days
Workshop and Events- Elevate your brand and build lasting relationships with Startup India’s network of entrepreneurs and community leaders.
Key Features of the scheme
- One step application Process - The platform offers one click application process, making it easier for the startups to apply for programs
- Customise your Campaign- The platform offers one click application process, making it easier for the startups to apply for programs.
- Access to World’s Largest Virtual Incubator Network- Get instant access to over 380,000 active startup ecosystem stakeholders and policy makers.
Number of Startups till date are 29,170; However the individual innovations are more than 125,000. The numbers of programs were almost 150. Including more than 10 bridges that are, India- Canada start up bridge, India- Croatia, India- Brazil, India- Finland Tech Hub, UK- India start up launch pad, Indo- Russian Innovation Bridge, India-Korea, Japan- India, India- Portugal, Indo- Dutch, Sweden- India, India- Israel, India- Singapore . The total disbursement are approximately of 50 crore in INR.
Procedure Post Submission
Apply for the problem statement most relevant to you. The applications will be screened and shortlisted by the corporate partners. The shortlisted participants will be communicated the decisions via emails.
