Lok Sabha Question No. 2238 (UNSTARRED), answered on 2024-12-09
Subject: Implementation of Stand-up India Scheme
Ministry: FINANCE
Asked by: Dr. Kalanidhi Veeraswamy

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION No. 2238

ANSWERED ON MONDAY 09/12/2024/ AGRAHAYANA 18, 1946(SAKA)

## IMPLEMENTATION OF STAND-UP INDIA SCHEME

## 2238. DR. KALANIDHI VEERASWAMY :

Will the Minister of FINANCE be pleased to state:-

(a) the  details  of  implementation  of  the  Stand-up  India  Scheme  (SUPI)  specifically  aimed  at promoting  greenfield  projects  among  Scheduled  Caste  (SC),  Scheduled  Tribe  (ST)  and  women entrepreneurs;

(b) the percentage of total loans disbursed under SUPI which has been allocated to SC and ST entrepreneurs within Tamil Nadu during the last three years and its comparison with the allocation for women entrepreneurs;

(c) the measures taken by the Government to ensure that potential beneficiaries are aware of the scheme and have access to the necessary resources and support for applying;

(d) the challenges reported by SC/ST and women entrepreneurs in accessing loans under SUPI and the action taken by the Government to address these challenges; and

(e) the manner in which the Government evaluates the success of the Stand-up India Scheme in promoting sustainable business practices and job creation among these marginalized groups?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

(a) The Stand-up India Scheme was launched on 05 th April, 2016 and has been extended upto the year  2025.  The  objective  of  the  Stand-Up  India  Scheme  is  to  facilitate  loans  from  Scheduled Commercial Banks (SCBs) of value between Rs.10 lakh and Rs.1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one woman borrower per Bank branch for setting up a greenfield enterprise in the manufacturing, services or trading sector and also for activities allied to agriculture. As on 31.10.2024, a total of 2.51 lakh loans have been sanctioned as against the allocated target of 2.50 lakh.

- (b)   Percentage of total loans disbursed under Stand-up India Scheme (during the last three years, i.e.  from  01.04.2021  till  31.03.2024)  to  SC/ST  entrepreneurs  with  comparison  to  Women entrepreneurs for State of Tamil Nadu, is as under:
- (c)  & (d)   The Government has taken various steps towards effective implementation of the Scheme and for addressing the challenges faced by potential beneficiaries which, inter alia, include intensive publicity  campaigns,  simplification  of  application  form,  Credit  Guarantee  Scheme,  reduction  in margin money and inclusion of activities allied to agriculture.

| SC/ST   | SC/ST   | Women   |
|---------|---------|---------|
| Men     | Women   |         |
| 14%     | 6%      | 80%     |

Apart from linking prospective borrowers with banks for loans, the online portal (www.standupmitra.in)  for  Stand  Up  India  Scheme  is  also  providing  guidance  to  prospective entrepreneurs in their endeavour to set up business enterprises, starting from training to filling up of loan applications as per Bank requirements.

The  Jan  Samarth  portal  is  a  one-stop  digital  platform  for  linking  fifteen  Government-sponsored loans  and subsidies Schemes including the Stand Up India Scheme.

- (e)   An independent impact assessment study for Stand Up India Scheme was undertaken during FY 2019-20.  Based on the findings of the study, consultation with stakeholders and pursuant to the announcement made by the Finance Minister in her Budget Speech for F.Y. 2021-22, the margin money requirement for loans under the Scheme has been reduced from 'upto 25%' to 'upto 15%' and activities allied to agriculture have also been included in the Scheme.

*****