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IndiaPosted at: Apr 5 2025 2:33PM


Loans sanctioned under Stand-Up India grows to Rs 61K crore

New Delhi, Apr 5 (UNI) The loans sanctioned under the government's Stand-Up India scheme grew more than fourfold to Rs 61,020.41 crore by March 17, 2025, from Rs 14,431.14 crore as of October 2018, highlighting the scheme’s expanding impact in empowering entrepreneurs across the country, the Finance Ministry said on Saturday.
"Since its launch on 5th April 2016, the Stand-Up India Scheme has been on a mission to empower SC (scheduled castes), ST (scheduled tribes), and women entrepreneurs. It aimed to break barriers by providing bank loans to help them start new businesses. Over the past 9 years, the scheme has not just funded businesses—it has nurtured dreams, created livelihoods, and driven inclusive growth across India," the Ministry said in a release.
The Stand-Up India scheme is designed to address the challenges faced by SC, ST and women entrepreneurs in setting up enterprises, obtaining loans and other support needed from time to time for succeeding in business. The scheme aims to encourage all bank branches in extending loans to borrowers from SC, ST and women in setting up their own greenfield enterprises.
The official release said that the scheme has reflected significant financial empowerment for the SC, ST communities and women entrepreneurs (from November 2018 to November 2024).
As per the official data, SC accounts grew from 9,399 to 46,248 with loan amounts rising from Rs 1,826.21 crore in November 2018 to Rs 9,747.11 crore in November 2024. ST accounts increased from 2,841 to 15,228 with sanctioned loans jumping from Rs. 574.65 crore to Rs. 3,244.07 crore during the period under review.
Women entrepreneurs accounts grew from 55,644 to 1,90,844, with sanctioned amounts rising from Rs 12,452.37 crore to Rs. 43,984.10 crore during this period.
"With significant achievements in loan sanctions and disbursements, the scheme continues to foster inclusive growth," the press release said.
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Tags: #Loans sanctioned under Stand-Up India grows to Rs 61K crore
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