Lok Sabha Question No. 2853 (UNSTARRED), answered on 2023-08-07
Subject: Stand-up India Scheme
Ministry: FINANCE
Asked by: P. C. Mohan

## 2853:  Shri P.C. MOHAN:

Will the Minister of Finance be pleased to state:

- (a)  the current status of the implementation of the Stand-up India Scheme in Bengaluru;
- (b)  the number of entrepreneurs from marginalized communities in Bengaluru who have     benefited from the Stand-up India;

(c)  the total amount of financial assistance disbursed under the Stand-up India Scheme in Bengaluru;

(d)  whether  the  impact  and  effectiveness  of  the  Stand-up  India  Scheme  in  Bengaluru  has  been evaluated   and if so, the details of the findings and outcomes of such evaluation; and

(e) the measures that are being taken/proposed to be taken to create awareness and to facilitate the participation of eligible entrepreneurs in Bengaluru under the Stand-up India Scheme?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (Dr. BHAGWAT KARAD)

(a) to    (c) A  total  number  of  4,232  loans  have  been  sanctioned  to  Women  and  SC/ST entrepreneurs in Bengaluru (Rural & Urban) under Stand Up India Scheme and an amount of Rs.467 crore has been disbursed till 30.06.2023.

(d) State Level Banker's Committee (SLBC), Karnataka has informed that no such evaluation study for Bengaluru has been conducted. However, an independent impact assessment study for Stand Up India Scheme at national level was undertaken during FY 2019-20.  Based on the findings of the study,  consultation  with  stakeholders  and  pursuant  to  an  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.

(e) Government of India provides budgetary support to Small Industries Development Bank of India (SlDBl) for advertising, publicity and creating awareness about Stand Up India scheme across the country.

The  budgetary  support  is  utilised  by  SIDBI  to  undertake  thematic  engagements  through various  agencies.  Swavalamban  Sashakt  webinars,  where  bankers  and  successful  entrepreneurs discuss  new  business  models  or  opportunities,  are  being  conducted  through  Confederation  of Women Entrepreneurs (COWE) and have covered over 2,500 women entrepreneurs. Swavalamban Sankalp  series  with  Dalit  Indian  Chamber  of  Commerce  &  Industry  (DICCI)  has  successfully reached out to more than 7,000 aspirants including women. DICCI also conducted one physical programme on 25.03.2021 in Bengaluru to support target beneficiaries. Awareness activities about the  Scheme  in  Bengaluru  are  also  being  conducted  under  Azadi  Ka  Amrit  Mahotsav  (AKAM) celebrations through Financial Literacy Centres (FLCs).

Further, an online portal www.standupmitra.in has been developed by SIDBI for Stand Up India Scheme which provides guidance to prospective entrepreneurs in their endeavour to set up business enterprises, starting from training to filling up loan applications.

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO. 2853

## ANSWERED ON MONDAY, AUGUST 7, 2023/ SRAVANA 16, 1945 (SAKA)

## Stand-up India Scheme