The “Stand up India Scheme” is being launched now to promote entrepreneurship Caste/Schedule Tribe and Women for loans in the range of Rs. 10 Lakhs to Rs. 100 Lakhs. expected to benefit large number of such entrepreneurs, as it is intended to facilitate projects per bank branch (Scheduled Commercial Bank) on an average one for entrepreneur

The broad features of the scheme are as under:

component for setting up any new enterprise.

Debit Card (RuPay) for drawal of working capital.

Credit history of borrower to be developed.

Refinance window through Small Industries Development Bank of India (SIDBI) with amount of Rs.10,000 crore.

Creation of a corpus of Rs. 5,000 crore for credit guarantee through NCGTC.

Handholding support for borrowers with comprehensive support for pre loan training facilitating loan, factoring, marketing etc.

Web Portal for online registration and support services.

The overall intent of the proposal is to leverage the institutional credit structure to reach underserved sectors of the population by facilitating bank loans in the nonfarm

sector set ST and Women borrowers. The initiative will also develop synergies with ongoing schemes Departments.

The process would be led by SIDBI with involvement of Dalit Indian Chamber of Commerce (DICCI) and various sector – specific institutions all over the country. The offices of SIDBI Bank for Agriculture and Rural Development (NABARD) shall be designated Stand Up (SUCC).

The launch event would involve distribution of 5100 ERickshaws

by Bhartiya Micro Credit Pradhan Mantri Mudra Yojna scheme. In addition the recipients will also be covered under Jan Dhan Yojna, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Jivan Jyoti Yojana, Atal schemes and other eight significant Prime Minister schemes.

“Bhartiya Micro Credit (BMC) aims to spread awareness of the financial inclusion and schemes and proposes to take the benefits to poor and destitute people in the country. facilitate the up gradation of pedal rickshaw pullers into E Rickshaw owners and help increment in their income. Credit for all these facilities are being provided under Mudra progression to E rickshaw from pedal rickshaw will also help contribute towards achieving Swachh Bharat Abhiyan. Sach hua Sapna, Rickshaw hua apna!, shared Vijay Pandey, Managing Bhartiya Micro Credit.

As the first step of this process the pedal rickshaw pullers are provided training post which provided by NSDC. 150 women drivers have been trained. In addition the customers will book E Rickshaw through Ola mobile apps and make online payment via Freecharge, integrated under the Digital India initiative.

Under the scheme, charging and service station will also be set up, which will help the growth of small and micro enterprises along with creating many opportunities for entrepreneurs. integrates Bhartiya Micro Credit (BMC) ERickshaws

program into Prime Minister Shri flagship ‘Stand Up India’ initiative.

The Prime Minister on 15th August 2014 launched the Pradhan Mantri Jan Dhan Yojana “Banking the Unbanked”. As is well known, it met with resounding success as more accounts have been opened. Further, Pradhan Mantri MUDRA Yojana (PMMY) was launched “Funding the Unfunded” by facilitating loans upto Rs. 10 lakh on 8th April, 2015. As on date, Lakh crore have been disbursed wherein over 57.75 lakh Scheduled Castes, 15.15 lakh and 2.52 crore women entrepreneurs have been benefited under this scheme. To intensify growth, the PM in his address to the nation on
15th Aug, 2015 had announced the “Start up India Stand up India” initiative.

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