The Stand-Up India scheme sanctioned Rs. 40,700 crore in loans

Around Rs 40,710 crore in loans have been sanctioned to over 1.8 lakh accounts under the government’s flagship Stand Up India Scheme, which is focused on economic empowerment and job creation, according to official data.

Of the funds sanctioned since the inception of the scheme in 2016, about 80% of the loans have been given to women entrepreneurs.

The scheme was launched on April 5, 2016 to promote entrepreneurship amongst women and those in the Scheduled Castes and Scheduled Tribes categories by providing them loans for starting greenfield enterprises in manufacturing, services, the trading sector, and activities allied to agriculture.

In the first year, Rs 3,683 crore was sanctioned, which has now swelled to Rs 40,710 crore as of March 31, 2023, the data showed.