# Banks sanction ₹25,586 crore to 1.14 lakh Stand-Up India accounts in 5 years | Tech News (HT Tech)

> Started on April 5, 2016, the scheme has benefited 93,094 women entrepreneurs with outstanding loan of  <span class='webrupee'>₹</span>21,200 crore as of March 23.

# Banks sanction ₹25,586 crore to 1.14 lakh Stand-Up India accounts in 5 years

## Started on April 5, 2016, the scheme has benefited 93,094 women entrepreneurs with outstanding loan of ₹21,200 crore as of March 23.

Aug 21 2022, 16:18 IST

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![Under the scheme, bank loans between  <span class='webrupee'>₹</span>10 lakh and  <span class='webrupee'>₹</span>1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks. (Representative image) REUTERS/Amit Dave](https://images.hindustantimes.com/tech/img/2021/04/05/1600x900/2021-03-26T121413Z_1_LYNXMPEH2P0WM_RTROPTP_3_INDIA-ECONOMY-RUPEE-IMPORTS_1617588644331_1617588651080.JPG)

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### By PTI

The Finance Ministry on Sunday said banks have sanctioned ₹25,586 crore to about 1,14,322 beneficiaries under the Stand Up India Scheme in the last five years for promoting entrepreneurship among women and SC & STs.

The objective of Stand-Up India is to promote entrepreneurship amongst women, Scheduled Castes (SC) & Scheduled Tribes (ST) categories, to help them in starting a greenfield enterprise in trading, manufacturing and services sector, by both ready and trainee borrowers, the Finance Ministry said in a statement.

Under the scheme, bank loans between ₹10 lakh and ₹1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks.

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This scheme, which has been extended up to 2025, covers SC/ST and/or women entrepreneurs, above 18 years of age, it said.

In case of non-individual enterprises, 51 per cent of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur and borrowers should not be in default to any bank/financial institution, it said.

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