Get a loan of Rs. 10 lakh to Rs. one crore to start or increase their business : Stand up India Scheme

GOVERNMENT OF INDIA 

MINISTRY OF FINANCE

DEPARTMENT OF FINANCIAL SERVICES

LOK SABHA 

UNSTARRED QUESTION No. 4750

ANSWERED ON March 23, 2020

Stand up India Scheme

Will the Minister of FINANCE be pleased to state:

(a) whether a large number of people have been benefited since the launch of ‘Stand up India’ scheme under which beneficiaries can get a loan of Rs. 10 lakh to Rs. one crore to start or increase their business; and

(b) if so, the details thereof including the number of such beneficiaries since its implementation, State-wise including the State of Goa?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE

SHRI ANURAG SINGH THAKUR

(a) to (b)  Stand Up India Scheme was launched by the Government on 5th April, 2016. The Scheme facilitates bank loans between Rs. 10 lakh and Rs. 1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower, per bank branch of Scheduled Commercial Banks (SCBs), for setting up greenfield enterprises in the  manufacturing,  services  or  the  trading  sectors.  Over  91,959  loans  have  been extended under the Scheme as on 16.03.2020 since inception of the Scheme. State-wise details of loans extended under the Scheme, as on 16th March, 2020, is placed at the Annexure.

Annexure referred to in reply to part (b) of Lok Sabha Unstarred Question No. 4750 for answer on 23.03.2020
State-wise number of loans extended and sanctioned amount under Stand Up India Scheme as on 16.03.2020, since inception.
Sl. No	States/UTs	(Amount in Rs. Crore)
		No. of Accounts	Sanctioned Amt.
1	Andaman and Nicobar Islands	123	24.05
2	Andhra Pradesh	5327	1287.3
3	Arunachal Pradesh	179	42.22
4	Assam	1391	295.66
5	Bihar	3201	601.38
6	Chandigarh	346	68.89
7	Chhattisgarh	2234	534.81
8	Dadra and Nagar Haveli	35	7.95
9	Daman and Diu	33	16.38
10	Delhi	3023	717.26
11	Goa	392	77.35
12	Gujarat	6343	1858.54
13	Haryana	3159	711.94
14	Himachal Pradesh	1166	232.41
15	Jammu and Kashmir	325	69.65
16	Jharkhand	1786	369.64
17	Karnataka	5017	1174.42
18	Kerala	2743	559.05
19	Ladakh	70	11.1
20	Lakshadweep	2	0.53
21	Madhya Pradesh	3745	849.19
22	Maharashtra	6917	1594.47
23	Manipur	165	33.01
24	Meghalaya	176	40.32
25	Mizoram	220	53.38
26	Nagaland	257	50.15
27	Odisha	2692	548.96
28	Puducherry	204	47.64
29	Punjab	3014	623.66
30	Rajasthan	4414	971.42
31	Sikkim	234	32.59
32	Tamil Nadu	8491	1962.61
33	Telangana	5513	1387.16
34	Tripura	163	29.97
35	Uttar Pradesh	11528	2333.41
36	Uttarakhand	1678	365.85
37	West Bengal	5653	1040.9
	Total	91959	20625.23

Source: As per the data reported
by SCBs on standupmitra portal (www.standupmitra.in)