Financial Assistance under Stand up India Scheme

Port Blair
17 Mar 2017

Stand Up India Scheme has been launched by Prime Minister as a part of the various innovative initiative taken by the Govt of India. The objective of the stand Up India Scheme is to facilitate Bank loans between 10(ten) lakhs to (one) Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) Borrower and at least one Women Borrower per bank branch for setting up Enterprises in manufacturing, services or the trading sector. As per the eligibility criteria, applicant should be SC/ST and/ or women entrepreneurs, above 18 years of age. Loan under the scheme are available for manufacturing or services or trading sectors. The nature of loan composite loan (inclusive of term loan and working capital) between 10 lakhs and up to 100 lakhs. More details can be obtained from NABAARD, VIP Road, Port Blair- 744101, Phone- 233308, Lead District Manager, Lead Bank Office, 1st Floor SBI, Port Blair- 7444101, Phone- 230223 or District Industries Centre, Udyog Parisar, Middle Point, Port Blair- 744101, Phone- 232601.