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More than Rs 20,000 crore of loans sanctioned under Stand-Up India Scheme since inception

IBEF:  March 18, 2020

Rs 20,466.94 crore (US$ 2.93 billion) of loans have been sanctioned under Stand-Up India Scheme to over 91,000 accounts up to 10.03.2020 since inception of the Scheme. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.

Giving the details of the Scheme, the Minister said that Stand-Up India Scheme was launched by the Government on 5th April, 2016. The Scheme facilitates bank loans between Rs 10 lakh (US$ 14308.19) and Rs 1 crore (US$ 0.14 million) 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.

State-wise details of loans extended under the Scheme, as on 10th March 2020, is placed at the Annexure

State-wise number of loans extended and sanctioned amount under Stand-Up India Scheme as on 10.03.2020, since inception.

Sl. No

States/UTs

No. of A/c’s

Sanctioned Amt. (Rs Crore)

Sanctioned Amt. (US$ million)

1

Andaman and Nicobar Islands

123

24.05

3.44

2

Andhra Pradesh

5313

1284.11

183.73

3

Arunachal Pradesh

179

42.22

6.04

4

Assam

1391

295.66

42.30

5

Bihar

3156

593.1

84.86

6

Chandigarh

346

68.89

9.86

7

Chhattisgarh

2224

531.21

76.01

8

Dadra and Nagar Haveli

35

7.95

1.14

9

Daman and Diu

33

16.38

2.34

10

Delhi

3007

713.93

102.15

11

Goa

392

77.35

11.07

12

Gujarat

6292

1837.7

262.94

13

Haryana

3124

703.32

100.63

14

Himachal Pradesh

1156

229.01

32.77

15

Jammu and Kashmir

320

68.6

9.82

16

Jharkhand

1783

368.64

52.75

17

Karnataka

5002

1172.03

167.70

18

Kerala

2720

554.81

79.38

19

Ladakh

68

10.71

1.53

20

Lakshadweep

2

0.53

0.08

21

Madhya Pradesh

3725

843.38

120.67

22

Maharashtra

6834

1577.05

225.65

23

Manipur

165

33.01

4.72

24

Meghalaya

175

40.21

5.75

25

Mizoram

220

53.38

7.64

26

Nagaland

257

50.15

7.18

27

Odisha

2681

546.56

78.20

28

Puducherry

204

47.64

6.82

29

Punjab

2999

619.25

88.60

30

Rajasthan

4334

947.55

135.58

31

Sikkim

232

32.31

4.62

32

Tamil Nadu

8428

1946.24

278.47

33

Telangana

5496

1384.15

198.05

34

Tripura

163

29.97

4.29

35

Uttar Pradesh

11455

2317.89

331.65

36

Uttarakhand

1665

363.39

51.99

37

West Bengal

5620

1034.64

148.04

 

Total

91319

20466.94

2928.45

Source: As per the data reported by SCBs on stand-upmitra portal (www.standupmitra.in) 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.