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Introduction to Stand-Up India Scheme
The Stand-Up India Scheme is a key government program to boost entrepreneurship. It helps women, Scheduled Castes (SC), and Scheduled Tribes (ST) start new businesses. Launched in 2016 by Prime Minister Narendra Modi, it offers bank loans from ₹10 lakh to ₹1 crore. In 2026, updates like Stand-Up India II raise limits to ₹2 crore. This aids greenfield projects in manufacturing, services, trading, or agri-allied sectors. Good News for Entrepreneurs! SBI E-Mudra Loan 2026 – Instant ₹20 Lakh Support
In Haryana, places like Panipat see many applicants. The scheme creates jobs and empowers marginalized groups. Managed by SIDBI, it connects borrowers to banks. Over 2.75 lakh loans sanctioned so far. For 2026, focus on deeper credit access. Panipat entrepreneurs in textiles use it often. Mudra Loan Apply Online 2026: Step-by-Step Process for ₹20 Lakh Loan
Why Choose Stand-Up India Scheme?
This scheme is ideal for new starters. No big collateral needed beyond project assets. Interest rates are competitive. Women and SC/ST get priority. In Haryana, it links with local schemes for extra support. Panipat’s location near Delhi helps businesses grow.
Loans cover term and working capital. Repayment up to 7 years with 18-month moratorium. This eases startup stress. Success rate high with handholding.
Benefits of Stand-Up India Scheme
Empowers women and minorities. Creates self-employment. Boosts economy in rural Haryana. Subsidies available via linked schemes.
Key Advantages Table
| Advantage | Description |
|---|---|
| Loan Amount | ₹10 lakh to ₹2 crore in 2026. |
| No Collateral | Hypothecation of assets. |
| Low Interest | Bank rates, around 8-12%. |
| Moratorium | Up to 18 months. |
| Handholding | Training and support. |
Key Features of Stand-Up India Scheme
Scheme targets one SC/ST and one woman per bank branch. For non-individual firms, 51% stake by eligible groups. Covers new enterprises only.
Loan Details
Composite loan: 75% project cost. Borrower contributes 25% (including subsidies). Credit guarantee via CGFSIL.
Loan Structure Table
| Component | Details |
|---|---|
| Amount | ₹10 lakh – ₹2 crore (2026 update). |
| Coverage | 75% of project cost. |
| Margin | 25% by borrower. |
| Security | Assets created, guarantee fund. |
| Repayment | 7 years max. |
Interest Rates and Charges
Rates linked to bank’s MCLR + tenant. Around 8-12%. No processing fee often. In 2026, lower rates for priority sectors.
Eligibility for Stand-Up India Scheme
Be Indian over 18. SC/ST or woman. For firms, 51% control by them. No prior default. Greenfield project.
Haryana residents in Panipat qualify easily. No income limit.
Eligibility Criteria
- Age: Above 18.
- Category: SC/ST/women.
- Enterprise: New in eligible sectors.
- Not for existing businesses.
How to Apply for Stand-Up India Loan
Apply via Stand-Up Mitra portal or banks.
Application Process
- Visit standupmitra.in.
- Register as applicant.
- Fill details, upload docs.
- Choose bank branch.
- Submit. Bank contacts.
- Approval in 15-30 days.
In Panipat, visit SBI or PNB. Handholding agencies help.
Required Documents
Basic docs needed.
Documents Checklist Table
| Document | Purpose |
|---|---|
| ID Proof | Aadhaar/PAN. |
| Category Proof | SC/ST certificate. |
| Project Report | Business plan. |
| Address Proof | Utility bill. |
| Bank Statements | Financials. |
Link with Other Schemes
Combines with NLM, AHIDF for agri. CLCSS for subsidies. In Haryana, link with HSFDC.
Participating Banks
88 banks like SBI, PNB, HDFC.
Bank Options Table
| Bank | Features |
|---|---|
| SBI | Online apply. |
| PNB | Quick sanction. |
| HDFC | Competitive rates. |
Benefits for Women and SC/ST in Haryana
Women get loans for boutiques, clinics. SC/ST for manufacturing. In Panipat, textile units thrive.
Challenges and Tips
Delays in approval. High margin.
Tips: Prepare strong project. Seek handholding. In Panipat, join local centers.
Risk Management
Get insurance. Monitor cash flow.
Costs and Earnings
Project cost ₹20-50 lakh. Loan covers most. Earnings vary, e.g., dairy ₹1-2 lakh/month.
Cost Breakdown Table
| Item | Cost |
|---|---|
| Setup | ₹5-10 lakh. |
| Working Capital | ₹5 lakh. |
Success Stories
In Haryana, Vandana Sharma got loan for trading. Employed 3. Panipat farmer started agri unit.
Future in 2026
Stand-Up India II doubles limits. Digital push faster.
Conclusion
Scheme opens doors. Apply now in Panipat.
FAQ Section
What is Stand-Up India Scheme?
Loan for women/SC/ST startups.
Maximum loan?
₹2 crore in 2026.
Eligibility?
Over 18, eligible category.
Documents?
ID, project report.
How to apply?
Portal or bank.
Interest?
8-12%.
Collateral?
No major.
Help in Haryana?
Local schemes.
Repayment?
7 years.
For women?
Priority.
FAQ Table
| Question | Answer |
|---|---|
| Max Loan | ₹2 Crore |
| Eligibility | SC/ST/Women |
| Documents | Aadhaar, Report |
| Apply | Online Portal |
| Interest | 8-12% |
| Collateral | Assets Only |
| Repayment | 7 Years |
| Women Help | Yes |
| Haryana | Linked Schemes |
| Updates 2026 | Higher Limits |