Loan for women entrepreneurs: How to apply for Stand-Up India scheme

Loan for women entrepreneurs: How to apply for Stand-Up India scheme

Nov 21, 2023

Girish Khurana

Launched by the government in 2016, the Stand-Up India scheme is specifically designed to support aspiring entrepreneurs from scheduled castes, scheduled tribes, and women across the country

The primary objective is to foster economic empowerment, promote entrepreneurship, and generate employment opportunities at the grassroots level

As of November 20, according to the data from the scheme’s portal, the scheme has sanctioned loan applications for 2.08 lakh entrepreneurs involving Rs 46,894 crore out of more than 2.29 lakh applications, totalling Rs 53,822 crore

Here’s how you can apply for the scheme

Visit standupmitra.in and click on ‘Apply Here’ under ‘You May Access Loans’

Select whether you are a new entrepreneur, existing entrepreneur or a self-employed professional and enter your name, email ID and mobile number

Click on Generate OTP to login

Enter personal details, professional details (nature of business, area of interest, any previous loan taken, etc)

Click on ‘Save’ and submit the details

Click on ‘Apply Now’ under ‘Loan Application Center’

You may also click on Handholding agencies’ to get help with form filling, verification, training etc.; ‘Loan enquiry’ for enquiry on loans, government schemes etc., or ‘Knowledge Center’ to know more about entrepreneurship programmes and government schemes

Click on ‘New Application’

Fill the form and submit it

Your bank will reach out to you for subsequent formalities

You may also apply directly at your bank branch or through your ‘Lead District Manager’. The list of lead district manager of your region is available on Standup mitra portal

Learn more