Business Opportunity: Employment (JOB) has proved to be a big challenge before the people during the Corona (COVID-19) pandemic.
Let us tell you that once again the cases of COVID-19 have started increasing in the country. Even today many people are struggling for employment i.e. JOB.
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In such a situation, taking advantage of the schemes being given by the government, starting self-employed is proving to be a better option.
Thousands of people set up self-employment:
In the last two and a half years, thousands of people have set up self-employed. The biggest challenge in self-employment comes in the form of capital.
In such a situation, the schemes run by the government are very useful. One such scheme is Stand-up India Scheme.
Let us tell you that this Stand up India Scheme especially for women, Scheduled Caste (SC) and Scheduled Tribe (ST) community.
was launched on 5th April 2016. At the same time, loans worth Rs 25,586 crore have been disbursed for more than 1,14,322 accounts in these 5 years.
Scheme extended till 2025:
The great thing is that the government has extended this Stand Up India Scheme till 2025.
That is, people can take advantage of this Stand Up India Scheme for the next 3 years.
Stand up India aims to promote entrepreneurship among women, people from SC and ST communities.
Why Stand Up India?
Stand Up India Scheme helps SC, ST and women entrepreneurs to set up enterprises, get loans and help in business.
It is based on the recognition of facilitating other support needed to be successful.
That’s why this Stand Up India Scheme tries to create such an eco system,
Which provide a conducive environment for business i.e. business.
This Stand up India Scheme will give loans to those who take loans from bank branches.
Loan facility is given to help in establishing your enterprise.
It is to be noted that all the branches of Scheduled Commercial Banks are covered.
The benefit of this Stand Up India Scheme can be obtained in three ways.
From where can I take loan?
Directly from the bank branch,
From the Stand up India portal,
Through the Lead District Manager (LDM),
Who are eligible for the loan?
SC/ST and women entrepreneurs above 18 years of age.
Loan under Stand up India Scheme i.e. Loan only for green field projects (manufacturing, service
or business sector and activities allied to agriculture).
51% stake and control in case of non-individual enterprises
The stake should be with SC/ST or Women Entrepreneurs.
Loan recipient, should not have been convicted from any bank / financial institution.
Main Objectives of Stand Up India:
To promote entrepreneurship among women, SC and ST community people.
Greenfield enterprises in trade, manufacturing and service sector, both ready and apprentice borrowers
Providing loan for starting Greenfield Enterprises.
To both ready and apprentice borrowers engaged in manufacturing, service or trade sector and agriculture
To provide loan for setting up Greenfield Enterprises in activities.
At least one woman and SC/ST candidate by each bank branch of scheduled commercial banks.
To give a bank loan of Rs 10 lakh to Rs 1 crore to at least one borrower,