Stand-Up India: Loans Sanctioned To Nearly 2 Lakh Women Entrepreneurs

inc42.com

In a bid to foster inclusive entrepreneurship, loans have been provided to nearly 2 Lakh women entrepreneurs under the Stand-Up India Scheme since its launch in April 2016, the government informed the Parliament. The scheme, aimed at promoting economic empowerment among marginalised communities, provides loans ranging from INR 10 Lakh to INR 1 Cr for setting up greenfield enterprises in manufacturing, services, trading, and also allied agricultural activities. Responding to a question in the Lok Sabha, Pankaj Chaudhary, the minister of state in the finance ministry, said that loans have been sanctioned to 49,031 SC and 15,962 ST entrepreneurs (including women) and 1,94,804 women entrepreneurs under the Stand-Up India scheme as on January 27, 2025. The scheme mandates each branch of scheduled commercial banks (SCBs) to support at least one SC/ST borrower and one woman borrower. Read more