CENT STAND UP INDIA

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.

• 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.

• 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

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