S2748B

CENT STAND UP INDIA

CENT STAND UP INDIA provides financial support and mentorship to eligible SC/ST individuals and women entrepreneurs for starting or expanding their businesses. With funding ranging from 10 lakh to 1 crore, participants benefit from guidance and resources to enhance their entrepreneurial success.

Central

States / UT: All India

Ministry / nodal: Central Bank of India

Scheme for: Startups

Scheme profile

DBT (direct benefit transfer): No

Target beneficiaries: Startups

Tags: startups, Manufacturing, CC cum TL – composite loan

Details

Brief

CENT STAND UP INDIA is an initiative by the Central Bank of India aimed at supporting entrepreneurship and business initiatives for individuals and communities belonging to Scheduled Castes (SC) and Scheduled Tribes (ST). The purpose is to set up a new Green Field New Enterprise in the manufacturing, trading, or services sector by SC/ST/ Women entrepreneurs. Please note that the scheme is not applicable for existing units or expansion purposes.

Eligibility

  • SC/ST and /or Woman Entrepreneurs, above 18 years of age. In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur.

Fund / quantum

  • Max Finance 10 lakh to 1 CRORE
  • Margin 25%
  • Interest Rate Floating 7.80% to 12.40%
  • Loan Term 84 months

Tenure

  • Active

Benefit tags

  • CC cum TL – composite loan

Notes

  • For setting up a new Green Field New Enterprise in manufacturing, trading or services sector by SC ST Women entrepreneur.

Benefits

  • - The initiative offers financial support and guidance to eligible SC and ST individuals and businesses for starting or expanding their ventures
  • Participants gain access to funding, mentorship, and resources to help them succeed in entrepreneurship
  • For specific details about the initiative and its benefits, please visit the official website
  • The initiative offers financial support and guidance to eligible SC and ST individuals and businesses for starting or expanding their ventures.
  • Participants gain access to funding, mentorship, and resources to help them succeed in entrepreneurship.
  • For specific details about the initiative and its benefits, please visit the official website.

Eligibility

  • SC/ST and /or Woman Entrepreneurs, above 18 years of age. In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur.

  • Max Finance 10 lakh to 1 CRORE

  • Margin 25%

  • Interest Rate Floating 7.80% to 12.40%

  • Loan Term 84 months

  • Active

Application Process

Online / portal

Official application / information link: https://www.centralbankofindia.co.in/en/cent-stand-up-india

Source listing: https://www.startupindia.gov.in/content/sih/en/government-schemes.html

References

Apply

Apply now

Opens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status