Context:
The Government of India announced that the Stand-Up India Scheme, a flagship initiative to promote entrepreneurship among marginalized communities, has sanctioned over â‚ą61,000 crore in loans as of March 17, 2025, marking a significant milestone in its 7-year journey.
Key Highlights
- Launched: April 5, 2016, by the Ministry of Finance under the Azadi Ka Amrit Mahotsav initiative
- Target Beneficiaries: Entrepreneurs from Scheduled Castes (SCs), Scheduled Tribes (STs), and women
- Purpose: To facilitate bank loans for greenfield enterprises, including manufacturing, services, or trading sectors
- Loan Sanctions: Grown from â‚ą16,085 crore (as of March 31, 2019) to â‚ą61,020.41 crore (as of March 17, 2025)
Impact and Significance
- The scheme has fostered self-reliance and job creation among disadvantaged communities
- Acts as a key enabler of financial inclusion and inclusive economic growth
- Encourages grassroots entrepreneurship, especially in Tier 2 and Tier 3 towns
The government considers the Stand-Up India scheme not just a loan facilitation platform but a transformative movement that continues to drive equity and access in the Indian startup ecosystem.
