Seed funds to SC/ST and woman entrepreneur under Stand Up India scheme

Seed funds to SC/ST and woman entrepreneur under Stand Up India scheme

Govt of India launched Stand up India Scheme provides fund for Seed to SC/ST and woman entrepreneur and 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 more details of Seed fund to SC/ST and woman entrepreneur under Stand up India Scheme, read below:

Ministry of Finance

Seed funds to SC/ST and woman entrepreneur under Stand Up India scheme

03 MAR 2020

Stand Up India Scheme was launched by the Government on 5th April 2016 and 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. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.

Shri Thakur further said that the Scheme is expected to benefit at least 2.5 lakh borrowers. Government does not allocate funds for loans under the Stand Up India Scheme as loans under the Scheme are extended by lending institutions as per commercial parameters. However, state-wise and bank-wise details of loans extended under the Scheme, as on 25th February 2020, are placed at the Annexure-I and Annexure-II respectively.

Annexure-I 

State-wise performance under Stand Up India Scheme as on 25.02.2020, since inception.

SL No
States/UTs
(Amount in Rs. Crore)
No. of A/Cs
Sanctioned Amt.
1
Andaman and Nicobar
121
22.98
2
Andhra Pradesh
5267
1272.59
3
Arunachal Pradesh
145
36.89
4
Assam
1387
294.82
5
Bihar
3094
582.43
6
Chandigarh
340
68.02
7
Chhattisgarh
2128
511.75
8
Dadra and Nagar Haveli
35
7.95
9
Daman and Diu
33
16.38
10
Delhi
2913
691.71
11
Goa
380
75.09
12
Gujarat
6172
1804.49
13
Haryana
3060
689.83
14
Himachal Pradesh
1128
222.95
15
Jammu and Kashmir
313
66.96
16
Jharkhand
1719
354.96
17
Karnataka
4914
1147.89
18
Kerala
2683
548.55
19
Ladakh
62
9.55
20
Lakshadweep
2
0.53
21
Madhya Pradesh
3552
808.66
22
Maharashtra
6683
1545.66
23
Manipur
163
32.81
24
Meghalaya
171
39.73
25
Mizoram
218
51.98
26
Nagaland
256
49.92
27
Odisha
2618
528.22
28
Puducherry
199
46.72
29
Punjab
2950
610.24
30
Rajasthan
4206
917.69
31
Sikkim
225
30.71
32
Tamil Nadu
8323
1916.87
33
Telangana
5423
1363.66
34
Tripura
157
29.03
35
Uttar Pradesh
11246
2277.59
36
Uttarakhand
1613
357.44
37
West Bengal
5534
1018.12
Total
89433
20051.4


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


Annexure-II (b)

Bank-wise performance under Stand Up India Scheme as on 25.02.2020, since inception.

Sr No
Bank Name
(Amount in Rs. Crore)
No. of A/Cs
Sanctioned Amt.
Public Sector Banks
1
Allahabad Bank
1757
438.28
2
Andhra Bank
6848
1286.62
3
Bank of Baroda
7808
1734.72
4
Bank of India
7671
1429.7
5
Bank of Maharashtra
1503
351.73
6
Canara Bank
8401
2109
7
Central Bank of India
2917
730.25
8
Corporation Bank
1915
501.23
10
Indian Bank
4029
885.48
11
Indian Overseas Bank
3179
679.65
12
Oriental Bank of Commerce
777
255.48
13
Punjab and Sind Bank
2005
399.03
14
Punjab National Bank
12461
2749.63
15
State Bank of India
11070
2560.33
16
Syndicate Bank
3178
907.65
17
UCO Bank
2935
794.72
18
Union Bank of India
1625
368.62
19
United Bank of India
2848
483.63
20
Total
82927
18665.75

Private Sector Banks


1
Axis Bank
8
2.77
2
Federal Bank
127
33.71
3
HDFC Bank
739
156.46
4
IDBI Bank Ltd.
811
176.9
5
ICICI Bank
1235
297.04
6
IndusInd Bank
1281
288.23
7
Jammu & Kashmir Bank Ltd
64
9.6
8
Karnataka Bank Ltd
2
0.29
9
RBL Bank Limited
4
0.06
10
SOUTH INDIAN BANK
27
12.47
11
The Nainital Bank Ltd
7
2.52
12
Yes Bank Ltd.
4
0.75

Total
4309
980.8

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

Annexure-II (b)


Bank-wise performance under Stand Up India Scheme as on 25.02.2020, since inception.

Sr No
Bank Name
(Amount in Rs. Crore)
No. of A/Cs
Sanctioned Amt.
Regional Rural Banks
1
RRB Andhra Pradesh GVB
4
0.47
2
RRB Andhra Pragathi GB
79
14.26
3
RRB Arunachal Pradesh RB
1
0.4
4
RRB Aryavart Bank
84
18.49
5
RRB Assam GVB
60
13.43
6
RRB Bangiya GVB
43
10.05
7
RRB Baroda Gujarat GB
109
25.94
8
RRB Baroda Rajasthan KGB
14
2.78
9
RRB Baroda Uttar Pradesh GB
329
50.52
10
RRB Chaitanya Godavari GB
1
0.24
11
RRB Chhattisgarh GB
15
2.28
12
RRB Dakshin Bihar GB
154
29.57
13
RRB Himachal Pradesh GB
59
8.62
14
RRB J&K GB
28
6.45
15
RRB Jharkhand Rajya GB
9
2.15
16
RRB Karnataka GB
41
7.03
17
RRB Karnataka Vikas GB
162
35.9
18
RRB Kashi Gomti Samyut GB
62
11.68
19
RRB Kerala GB
175
28.7
20
RRB Madhya Pradesh GB
33
7.72
21
RRB Madhyanchal GB
5
1.82
22
RRB Maharashtra GB
23
4.47
23
RRB Manipur Rural Bank
11
1.48
24
RRB Odisha GB
10
2.18
25
RRB Paschim Banga GB
9
2
26
RRB Prathama UP GB
170
25.05
27
RRB Puduvai Bharathiar GB
5
0.5
28
RRB Punjab GB
84
11.62
29
RRB Saptagiri GB
203
35.57
30
RRB Sarva Haryana GB
85
17.1
31
RRB Saurashtra GB
1
0.24
32
RRB Tamil Nadu GB
17
3.05
33
RRB Tripura Gramin Bank
10
2.43
34
RRB Uttar Banga KGB
1
0.25
35
RRB Uttar Bihar GB
31
3.49
36
RRB Uttarakhand GB
33
9.9
37
RRB Vidharbha Konkan GB
37
7.01
Total
2197
404.84
Grand Total (PSBs + Private Banks + RRBs)
89433
20051.4

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

Source: PIB
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