Overview
Bank loans between ₹10 lakh and ₹1 crore for at least one SC/ST borrower and one woman borrower per bank branch to set up a greenfield enterprise.
Why it matters for founders
Use this scheme together with other Startup India and MSME benefits. Our community experts can help you prepare documents and a strong application.
Key benefits
Composite loan (term loan + working capital) between ₹10 lakh and ₹1 crore
Repayment over up to 7 years with a moratorium of up to 18 months
Credit guarantee cover through CGFSIL
Handholding support through the Stand-Up India portal
Eligibility
- SC/ST and/or women entrepreneurs above 18 years of age
- Loans only for greenfield projects (first venture of the beneficiary) in manufacturing, services, trading or allied agriculture
- For non-individual enterprises, at least 51% shareholding and controlling stake held by SC/ST or woman entrepreneur
- Borrower should not be in default to any bank
Who should apply
- Early-stage founders who meet the eligibility above and have their documents ready
- Businesses that need this type of support (grant, loan or subsidy) in the next 6–12 months
- Applicants who can show a clear plan for how the money or benefit will be used
How to apply
- 1
Register on standupmitra.in
- 2
Answer the questions to get matched with lenders and support agencies
- 3
Submit the loan application to the chosen bank branch
- 4
Bank appraises and sanctions the composite loan
Documents checklist
0 of 4 readyTick each document as you collect it — your ticks are saved on this device.
Common mistakes to avoid
- Applying before checking every eligibility condition
- Uploading unclear, unsigned or expired documents
- Using different business names or addresses across documents
- Paying agents who promise guaranteed approval — government applications are free
- Missing the deadline or not tracking the application status
Frequently asked questions
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Similar schemes
Pradhan Mantri Mudra Yojana
Collateral-free loans for non-farm micro and small enterprises through banks, NBFCs and MFIs under the Shishu, Kishore, Tarun and Tarun Plus categories.
Tax Exemption for Startups (Section 80-IAC)
Eligible DPIIT-recognised startups can claim a deduction of 100% of profits for any 3 consecutive years out of their first 10 years.
Prime Minister's Employment Generation Programme
Credit-linked subsidy for setting up new micro-enterprises in manufacturing and service sectors, with higher subsidy for special categories and rural areas.
Startup India Seed Fund Scheme
Early-stage funding for proof of concept, prototype development, product trials, market entry and commercialisation — routed through selected incubators.
