Introduction:
In India, Every citizen needs to work to earn money for the survival fittest, not only men’s but women’s is also working. The literacy rate of women’s in India is increasing but the women’s who are not educated and suffering from poverty and wanted to start some business but dwelling from the lack of money to spend and occur business. The SC/ST women’s also cannot find work because of unskilled ability and the stereotype mentality around the culture are ruling their mind and life’s they cannot find a job This whole survey was done by our Prime Minister Teams, they founded how the scheduled cast are insupportable and agonizing poverty. Then to help them with financially “STAND UP” Scheme has been launched to support Scheduled caste(SC) and Scheduled Tribe(ST) women ’s, by providing them with loans to start their own work.
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The main Objective of this scheme is to start and entrepreneurship system around Scheduled cast region for the improvement of better society and economy. Startup India was initiated by India Prime Minister Narendra Modi on 5th of April 2016 to support the SC/ST community that will be beneficial and profitable for women’s and their family. They will get to start their own trade and can earn the amount of money. Stand-Up India provide a digital platform based on 3 pillars to support enterprises promotion among entrepreneurs from SC/ST and women category through
- Handholding Support
- Providing Information On financing
- Credit Guarantee.
Potentials entrepreneurs can navigate through the portal for support services such as training skill development programs, mentorship, guidance etc. or registration for loans. This Scheme Offers bank money loans of 10Lakh and 1crore for Scheduled Castes and Scheduled Tribes women for setting up new enterprises outside of the farm and trade sector. This is a hugely beneficial scheme announced for the betterment of their communities, the chances of spreading employments is vast.
How to register For Stand up India?
The eligibility of this scheme is for SC/SC women entrepreneurs, above 18 years of age. To get the loan under the scheme is valid for Greenfield project, green fields signify, in context, the first time venture of the beneficiary in the manufacturing of services of the trading sector. In the case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur. The borrower should not be in defaulter to any bank/financial institution
They can register for loans for by accessing the official portal, the portal also provides crucial links to Central and State SC/ST Corporations, Industry Association of SC/ST women entrepreneurs. The awareness for this scheme is not completely serving among all the cities, a better action towards awareness for Stand-Up India Program and their Benefits.
This will great to see after few of establishment of this scheme the scenario India and tribal society will change soon. There will be a better Picture of Indian Economy and Society
Scheme Guidelines
- The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 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.
- Stand up India Scheme” is to promote entrepreneurship among SC/ST and Women Entrepreneurs. Whereas Startup India scheme is to promote new ventures/initiatives. … The scheme is a part of Start-up India, Stand up India slogan to encourage entrepreneurial projects.
- To obtain MUDRA loan the borrower can approach the branch of a bank or financial institution providing MUDRA loan with the following documents and information.
MUDRA Loan Application
Business plan.
Proof of Identities like PAN / Driver’s License / Aadhaar Card / Passport and more.
Prime Minister Narendra Modi launched the Make in India initiative on September 25, 2014, with the primary goal of making India a global manufacturing hub, by encouraging both multinational as well as domestic companies to manufacture their products within the country.
Advantages of Make in India
o Develop a Job Opportunity
o Ameliorate the Vicinity
o Expand GDP
o Fortify the Rupee
o Increase in Brand Value
o Up-gradation of Technology
o Ease of Business
o Availability of Young Minds
The aim of Scheme:
The Stand-up India scheme aims at promoting entrepreneurship among women and scheduled castes and tribes. The scheme is anchored by the Department of Financial Services (DFS), Ministry of Finance, and Government of India.
Stand-Up India Scheme facilitates 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. This enterprise may be in manufacturing, services or the trading sector. In the case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or woman entrepreneur.
Stand-Up India Scheme facilitates 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. This enterprise may be in manufacturing, services or the trading sector. Prime Minister Narendra Modi launched the ‘Stand up India’ scheme on 5 April 2016 as part of the government’s efforts to support entrepreneurship among women and SC & ST communities.
The “Stand up India Scheme” is being launched now to promote entrepreneurship among Scheduled Caste/Schedule Tribe and Women for loans in the range of Rs. 10 Lakhs to Rs. 100 Lakhs. The Scheme is expected to benefit a large number of such entrepreneurs, as it is intended to facilitate at least two such projects per bank branch (Scheduled Commercial Bank) on an average one for each category of an entrepreneur.
The broad features of the scheme are as under:-
- A composite loan between Rs. 10 lakh and up to Rs.100 lakh, inclusive of the working capital component for setting up any new enterprise.
- Debit Card (RuPay) for withdrawal of working capital.
III. The credit history of the borrower to be developed.
- Refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of Rs.10, 000 crore.
- Creation of a corpus of Rs. 5,000 crore for credit guarantee through NCGTC.
- Handholding support for borrowers with comprehensive support for pre-loan training needs, facilitating loan, factoring, marketing etc.
VII. Web Portal for online registration and support services.
Main fecality under this scheme:
The overall intent of the proposal is to leverage the institutional credit structure to reach out to these underserved sectors of the population by facilitating bank loans in the non-farm sector set up by such SC, ST and Women borrowers. The initiative will also develop synergies with ongoing schemes of other Departments.
The process would be led by SIDBI with the involvement of Dalit Indian Chamber of Commerce and Industry (DICCI) and various sector-specific institutions all over the country. The offices of SIDBI and National Bank for Agriculture and Rural Development (NABARD) shall be designated Stand up Connect Centers (SUCC).
The launch event would involve the distribution of 5100 E-Rickshaws by Bhartiya Micro Credit (BMC) under the Pradhan Mantri Mudra Yojna scheme. In addition, the recipients will also be covered under Pradhan Matri Jan Dhan Yojna, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Jivan Jyoti Yojana, Atal Pension Yojana schemes and other eight significant Prime Minister schemes.
“Bhartiya Micro Credit (BMC) aims to spread awareness of the financial inclusion and social security schemes and proposes to take the benefits to poor and destitute people in the country. The idea is to facilitate the up gradation of pedal rickshaw pullers into E Rickshaw owners and help create threefold increment in their income. Credit for all these facilities is being provided under the Mudra Scheme. The progression to E rickshaw from pedal rickshaw will also help contribute towards achieving the goals of Swachh Bharat Abhiyan. Sach Hua Sapna, Rickshaw Hua apna! Shared Vijay Pandey, Managing Director, Bhartiya Micro Credit.
As the first step of this process, the pedal rickshaw pullers are provided training post which certificate is provided by NSDC. 150 women drivers have been trained. In addition, the customers will also be able to book E Rickshaw through Ola mobile apps and make an online payment via free charge, which will be integrated under the Digital India initiative.
Under the scheme, charging and service station will also be set up, which will help the growth of the emergence of small and micro enterprises along with creating many opportunities for entrepreneurs. This organically integrates Bhartiya Micro Credit (BMC) E-Rickshaws program into Prime Minister Shri Narendra Modi flagship ‘Stand up India’ initiative.
The Prime Minister on 15th August 2014 launched the Pradhan Mantri Jan Dhan Yojana (PMJDY) for “Banking the Unbaked”. As is well known, it met with resounding success as more than 21.3 crore accounts have been opened. Further, Pradhan Mantri MUDRA Yojana (PMMY) was launched by the PM for “Funding the Unfunded” by facilitating loans up to Rs. 10 lakh on 8th April 2015. As on date, over Rs. 1.22 Lakh crore have been disbursed wherein over 57.75 lakh Scheduled Castes, 15.15 lakh Scheduled Tribes and 2.52 crore women entrepreneurs have been benefited under this scheme. To intensify this inclusive growth, the PM in his address to the nation on 15th Aug 2015 had announced the “Startup India Stand up India” initiative.
Conclusion:
Citizens must aware with this scheme and apply for business to change their financial condition.
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