Here’s How Stand‑-Up Mitra Portal Enables SC/ST and Women Startups with ₹10 L-₹1 Cr Loans
It was inaugurated on 5th April 2016, and the Stand-Up India Scheme is transforming the entrepreneurship world with much-needed financial assistance and handholding for Scheduled Caste (SC), Scheduled Tribe (ST), and women entrepreneurs. At the core of it is the Stand-Up Mitra Portal an electronic bridge between the backward dreamers and opportunities.
Empowering with Capital: Loans between ₹10 Lakh and ₹1 Crore
The scheme mandates Scheduled Commercial Banks (SCBs) to disburse loans between ₹10 lakh and ₹1 crore to at least one SC/ST borrower and one woman borrower for each bank branch to initiate greenfield projects in the manufacturing, trading, or services sector, including allied agriculture activities.
These loans are provided at competitive rates of interest (not above MCLR + 3% + tenor premium), with a 7-year repayment period and up to 18 months of moratorium, enabling easier stabilization of operations for first-time entrepreneurs.
Beyond Loans: A Portal That Guides and Supports
A portal to financing outside, Stand-Up Mitra Portal is a complete business facilitation portal. It helps to lead the user through the path of starting the business-from skill training and business planning to loan application submissions standardized according to bank norms. The portal also offers access to:
Skill Centres
Mentorship and Entrepreneurship Development Programs
District Industries Centres (DICs)
Government and Private Agencies relevant to the purpose
Giving easy access to details and resources, the portal makes entrepreneurship a reality for underserved segments.
Conclusion: The Stand-Up Mitra Portal is not a platform-it’s a movement. By bridging financial access with mentorship, the program is unlocking potential in blind spots of India that are long ago underserved by traditional enterprise ecosystems. SC, ST, and women entrepreneurs now have a strong foundation to dream big, be bold, and build lasting businesses.
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