text: Standup India Scheme - Inclusivity
  IMPORTANT GOVERNMENT SCHEMES-Schemes No Comments
  The Stand-Up India Scheme launched by the Prime Minister Mr. Narender Modi on 5th April, 2016, which is for financing the SC/ ST and Women Entrepreneurs by every bank branch. The scheme covers all branches of Scheduled Commercial Banks and the loan may be accessed in three potential ways
  Process loans within the timeframe as stipulated in Code of Bank's Commitment to SME borrower (Application for loan upto 5 lakh within 2 weeks, between 5 – 25 lakh in 3 weeks, above 25 lakh in 6 weeks, from the date of receipt of application provided the application is complete in all respects and is accompanied by documents required).
  Process loan applications of the applicants received online on stand up mitra portal.
  SIDBI Stand-Up India portal (www.standupmitra.in)
  To operate and maintain the Stand-Up India web portal.
  Arrange for handholding support for Trainee Borrowers.
  Liaise with banks for follow up in potential cases through LDM/SLBC.
  Coordinate with LDM for easing bottlenecks.
  Assist the SLBC and DLCC in reviews and monitoring.
  Prime Minister's Rozgar Yojana (PMRY): In this scheme the preference is given to women beneficiaries
  Rashtriya Mahila Kosh : To meet the credit needs of the poor and asset needs of the women in the informal sector.
  Trade Related Entrepreneurship Assistance and Development Scheme for Women (TREAD): This Scheme envisages economic empowerment of women through the development of their entrepreneurial skills in non-farm activities.