Invoice Bazaar Blog

Stand-Up India scheme sanctions Rs 321.61 billion as loans to women entrepreneurs

By Invoice Bazaar | March 17, 2023

The Stand-Up India scheme, launched by the federal government in April 2016, has sanctioned 175,000 loans amounting to Rs 395.17 billion until February 2023. Women entrepreneurs were the beneficiaries of 81% of the total loans amounting to Rs 321.61 billion. Under the Scheme, every branch of scheduled commercial banks (CSBs) disburses loans ranging between Rs 1 million and Rs 10 million to at least one female entrepreneur and to another borrower belonging to the scheduled caste (SC) or scheduled tribe (ST) category of the population. These loans are given for setting up greenfield enterprises in the manufacturing, services, trading, or agriculture sectors.

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