Tuesday, March 29, 2016

Stand Up India - Cheap Business Loans for Women & Dalit Entrepreneurs

Government of india is all set to lunch “Stand Up India” Program to boost entrepreneurship among Dalit and Women's. The Program “stand up india” is all set to lunch on 5th April, 2016 (just after Prime Minister Narenda modi comes back to delhi from US trip). On the occasion of 125th Birth anniversary of Shri Babasaheb Ambedkar, government will lunch Stand Up India. The aim of “Stand Up India” program is to create more Business peoples among SC/ST Category and Women’s.

Stand Up India - Cheap Business Loans for Women & Dalit Entrepreneurs

Stand Up India - Cheap Business Loan
The Cabinet and Union Budget 2016-17 has already approved this program to provide Low Rate Business Loans. For which quite a huge amount of budget has been approved by central government of india. Do check out more about “Stand up india” plan;

What is Stand Up India plan And whom it will help?

Stand Up india is government’s program to provide low rate business loans for SC/ST and Women’ entrepreneurs of india. Under which, eligible candidates will get business loans up to Rs.1 crore. For which government of india has worked to chain each banks of india and bank branches of india. So, any dalit and women business person can get business loan easily.

After Jan Dhan Yojana, Atal Pension Yojana, Insurance scheme, Start Up india and Mudra Bank Yojana, Modi government comes up with amazing new scheme to empower Dalit and female Entrepreneurs by giving them cheap business loans. Finance minister Arun Jaitley said to media that Government will link to each bank to provide loan up to Rs.1 crore to help dalit and women business people to reach big entrepreneurs.

How much fund allocated for Stand Up India?

The campaign which was first mentioned in first speech of PM Modi from red fort (on 15th August, 2014). Union Minister of MSME has said that Government is in touch with 1.25 lakh bank branches to provide stand up india fund to dalit and female entrepreneurs for business, which 2.5 lakh new entrepreneurs will be created in india. As Prime Minister modi thinks, india should become “Job givers not job Seekers”.

For Stand Up India campaign, Union Budget 2016-17 has allocated Rs.500cr (which was announced by Finance minister AJ in parliament). But since Rs.500cr is not enough to empower entrepreneurs across india, Small Industries Development Bank of India (Sidbi) has got Rs.10,000cr ($1.4 billion) of fund for “Stand Up India”.

Apart from this, SIDBI has also allocated Rs.1000cr of “Make In India Fund” for small manufactures in india. Apart from this, we have Mudra Bank Yojana and Start up india fund to help small businessman to set up their business.

How much and how the Business Loan will be given under Stand Up India ?

As per the current information, If you are eligible for Business loan in stand up india program, you will get business loan on low rate, starting from Rs.10 lakh to Rs.1 crore. Yes, SC/ST and Women entrepreneurs will get up to Rs.1 crore of business loans from Stand Up India Fund.

More information about the process to get the fund will be announced very soon after its official lunch. Watch this space on 5th April for more information about Stand Up India campaign.


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