Stand up india scheme: However

However, the Stand-up India Scheme has been launched by Government of India to encourage Scheduled Caste entrepreneurs without any income criteria. Therefore, Banks which are implementing agencies are not mandatorily collecting any income details from the applicants under the Scheme. It facilitates loans between ₹10 lakh and ₹1 crore for setting up greenfield enterprises in manufacturing, services, or trading sectors, fostering economic empowerment and inclusive growth across underrepresented communities. The Stand-Up India Scheme has shown remarkable growth over the years, with the total amount sanctioned increasing from Rs. 14,431.14 crore as of 31st October 2018 to an impressive Rs. 61,020.41 crore by 17th March 2025, since its launch. This reflects a substantial increase, highlighting the scheme’s expanding impact in empowering entrepreneurs across the country. Startup India Scheme is an initiative launched by the Indian Government in January 2016 to promote entrepreneurship and startups in India. The scheme is designed to create a favorable environment for startup businesses to grow and thrive in the country.