ANNEXURE-I

STANDUP INDIA SCHEME-SALIENT FEATURES

1 OBJECTIVE To facilitate Bank loans to SC/ST and Women Entrepreneurs

to set up Greenfield enterprises.
2 ELIGIBILITY Individual SC/ST and Women Entrepreneurs above 18 years
of age, Firms, LLPs and Companies with at least 51% of
the shareholding and controlling stake held by either SC/ST
or Women Entrepreneurs.
3 PURPOSE To set up new enterprises under Non-Farm/MSME sector for
manufacturing, Service and Trading purposes by
SC/ST/Women Entrepreneurs.
4 LOAN Minimum: Rs.10.00 lakhs
AMOUNT
Maximum: Rs.100.00 lakhs
5 NATURE OF 1. Term Loan and Working Capital
LOAN
2. Non fund based limits.
Since the Loans are to be granted to set up Greenfield
projects, Term Loan should be followed by working capital
component.
6 MARGIN i. 25% of Project Cost for Term Loans.
ii. Cash Margin for BG as per extant MSME policy guidelines.
iii. For Working Capital as per extant guidelines on MSME
(for stock and book debts)
7 INTEREST As applicable to MSME sector Loans. However Interest shall
RATE not exceed MCLR+3%
8 REPAYMENT i. Term Loan-Maximum 7 years including moratorium period
PERIOD up to 18 months. (Moratorium if required.)
ii. Working Capital- Limit for 12 months, to be renewed
annually.
9 SECURITY i. Assets created out of Loan.
ii. Collateral Security by way of land and buildings/liquid
securities to the extent of exposure, acceptable to the
Bank, if loan is not covered under credit guarantee Fund
Scheme for Stand Up India (CGFSIL).
10 TIMELINES Loans upto Rs 25 lacs: within three weeks
FOR
Above Rs 25.00 lacs: within six weeks
SANCTION
From the date of receipt of completed application.
11 OTHER i. Handholding of selected entrepreneurs by providing pre
GUIDELINES and post sanction/disbursement training if required, Market
support etc.
ii. The scheme envisages convergence with suitable existing
Govt. Sponsored subsidy/Margin money linked schemes in

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order to reduce the burden of 25% margin money
requirement under the scheme.
iii. Core Teams are constituted at RO level to monitor
implementation of the scheme.

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