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    Inclusivity Officials
    Jan 2 nd, 2018
    IMPORTANT GOVERNMENT SCHEMES-Schemes No Comments

    Standup India Scheme

    The Stand-Up India Scheme launched by the Prime Minister Mr. Narender Modi on 5th April, 2016, which is for financing the SC/ ST and Women Entrepreneurs by every bank branch. The scheme covers all branches of Scheduled Commercial Banks and the loan may be accessed in three potential ways

    THE BANK BRANCHES

    • Process loans within the timeframe as stipulated in Code of Bank’s Commitment to SME borrower (Application for loan upto  5 lakh within 2 weeks, between  5 – 25 lakh in 3 weeks, above  25 lakh in 6 weeks, from the date of receipt of application provided the application is complete in all respects and is accompanied by documents required).
    • Process loan applications of the applicants received online on stand up mitra portal.
    • In case of rejection, reason to be made known to borrower as stipulated in the Code of Bank’s Commitment to Customers.
    • Banks to put in place an internal mechanism for monitoring of scheme performance.

    SIDBI Stand-Up India portal (www.standupmitra.in)

    • To operate and maintain the Stand-Up India web portal.
    • Arrange for handholding support for Trainee Borrowers.
    • Liaise with banks for follow up in potential cases through LDM/SLBC.
    • Coordinate with LDM for easing bottlenecks.
    • Assist the SLBC and DLCC in reviews and monitoring.
    • Participate in Stand-Up events organized by NABARD.

    Schemes for Women

    • Prime Minister’s Rozgar Yojana (PMRY): In this scheme the preference is given to women beneficiaries
    • Rashtriya Mahila Kosh : To meet the credit needs of the poor and asset needs of the women in the informal sector.
    • Trade Related Entrepreneurship Assistance and Development Scheme for Women (TREAD):  This Scheme envisages economic empowerment of women through the development of their entrepreneurial skills in non-farm activities.

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