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Under this scheme, the government provided a loan of ₹16,712 crore to women in 4 years, here is how to apply

New Delhi. Under the ‘Stand Up India’ scheme, a loan of Rs 16,712 crore has been sanctioned to women in about four years. The Ministry of Finance gave this information on Tuesday. Women constitute 81 per cent of the beneficiaries of the Stand Up India programme. Let us tell you that with the Stand Up Loan Program India, an SC-ST or a woman gives a loan of 10 lakh to 1 crore to set up a new project or business by taking a loan from the bank.

Over the past six years, the ministry has introduced several plans that have special provisions for women’s empowerment. In a statement ahead of International Women’s Day, the ministry said that with these schemes, women have been financially empowered and can fulfill their dream of entrepreneurship by leading a better life.

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Rs 16,712 crore loan given to women
The Stand Up India program was launched on 5th April 2016. To set up a new company, it is mandatory for each registered commercial bank branch to provide a loan of Rs 10 lakh to one crore to a person from a scheduled caste or tribe and at least one woman. The ministry said: “As of 17 February 2020, 81 per cent of account holders under the Stand Up India scheme were women. A total of 73,155 accounts have been opened for women. A loan of Rs 16,712 has been sanctioned, Rs 72 crore for female account holders She has been granted a loan of Rs 9,106.13 crore.

How To Apply Under Stand Up India
The business must be related to the construction business sector. In the case of non-personal businesses, an SC-ST or a woman must have a 51% interest in the business. The scheme will help the country’s economy grow and people will have the opportunity to establish their business. Entrepreneurs will need to register online with Stand Up India. Stand Up India aims to help SC-ST women and entrepreneurs. Income tax exemption for the first three years when starting a business. After completing a short application form, the licensing process will be self-directed soon. A quick roadmap will be formed and a specific website and app will be developed.

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proof of identity
> Aadhar Card
> Proof of residence
> BREAD card
> Caste certificate for SC-ST category
> Passport size photograph
> Caste certificate for SC-ST category
> Bank account details
> Last Income Tax Return
> Rental Agreement (if commercial premises are rented)
> Authorization certificate from the Pollution Control Board if required
> Project report

Do this work to take advantage of the scheme.
To take advantage of the scheme, you need to contact your bank branch. Or you can also apply online by visiting https://www.standupmitra.in/. To apply online, you can do so by clicking ‘Apply Here’ on the left hand side of this website when you visit it.

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Tags: Budget For Women, International Women’s Day, Women, Women’s Empowerment Department

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