Stand-Up India (SUI) scheme for financing SC/ST and/or Women Entrepreneurs was launched on April 05, 2016. The Union Cabinet has approved the continuation of Stand-Up India Scheme for a period of 5 years upto 31.03.2031. Objective The objective of the SUI scheme is to facilitate bank loans between Rs.10 lakh and Rs. 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. Eligibility SC / ST and /or Women entrepreneurs, above 18 years of age Loans under the scheme is available only for Green Field Projects. Green Field signifies, in this context, the first time venture of the beneficiary in the manufacturing or services or trading sector. Quantum of Support: The loan can be in the form of either Composite (Working Capital and Term Loan) or Term loan for amounts above Rs.10.00 lakh and upto Rs.1.00 crore (upto 85% of the project cost). Eligible Sectors: Manufacturing, Services, Trading and Agri allied activities. Credit Guarantee coverage: 85% of the loan amountGuarantee Fee: Standard guarantee fee of 0.50 % In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur. Borrower should not be in default to any Bank / Financial Institution. How to apply To apply online, visit Udyammitra portal Eligible beneficiaries can also apply Through your Lead District Manager For more information, visit https://www.standupmitra.in/