In 2016, the Modi government launched the Stand Up India scheme. The sole purpose of which was to boost the business industry in the country. Under this scheme, loans ranging from Rs 10 lakh to Rs 1 crore were given to the beneficiaries. People who, despite having the right character, were not capable enough to build or expand their business. A stand-up India scheme has been brought to their aid.
This loan is only available for Green Filch Ventures:
It may be mentioned that loans were given to Scheduled Castes and Scheduled Tribes, Backward Classes (OBCs) and women entrepreneurs under this scheme. If you want to apply for a loan, know that you need to be an entrepreneur in one of the above four categories. Let us say that this loan is only available for Green Filch Ventures. Greenfield Venture means the beneficiary is from the first venture. These loans can only be taken by people in the service, manufacturing or trading sectors. In order to take a loan, one has to keep in mind that the beneficiary should not be a defaulter of any bank.
This document needs to Fall:
If you also want to apply for this loan, keep all these documents with you.
Identity Card (Aadhar Card, PAN Card, Election Card etc. Photo ID)
PAN card
Certificate of business
Gender Certificate (not required for women)
Copy of ITR (Income Tax Return)
Passport size photo
Bank statement
Rent agreement
Project report
Loan at very low rates under Stand Up India:
Loans are provided at very low rates under Stand Up India. This basic rate does not exceed + 3% + tenor premium.
If you take a loan under Standup India, you have to repay it within 7 years. It also gives a moratorium time limit of 18 months.
Loans can be taken from any bank branch:
Under the Stand Up India scheme, loans can be taken from any bank branch. If you want to apply for a loan, you can apply to any bank near you. That is why the government has also facilitated online application. That is why visit the official website of Stand Up India https://www.standupmitra.in/. From there you can get all your information.
