The Stand-Up India Scheme, launched to empower Scheduled Caste (SC), Scheduled Tribe (ST), and women entrepreneurs, continues to make remarkable strides in fostering inclusive economic growth across the nation. Aimed at breaking traditional barriers, the initiative facilitates bank loans to help these groups establish new businesses and pursue self-employment opportunities.
Over the past seven years, the scheme has not only provided financial support but also ignited entrepreneurial aspirations, created sustainable livelihoods, and contributed significantly to India’s inclusive development agenda.
Impressive Growth in Loan Sanctions
Since its inception, the scheme has witnessed robust growth. The total amount sanctioned under the Stand-Up India Scheme surged from RS 16,085.07 crore as of March 31, 2019, to a substantial RS 61,020.41 crore by March 17, 2025. This exponential rise highlights the increasing reach and impact of the program.
Milestones in Financial Empowerment
Between March 2018 and March 2024, the scheme made notable progress in reaching marginalized communities:
- Scheduled Caste (SC) entrepreneurs saw account numbers increase from 9,399 to 46,248, with loan sanctions rising from RS 1,826.21 crore to RS 9,747.11 crore.
- Tribe (ST) beneficiaries grew from 2,841 to 15,228 accounts, with the total loan amount jumping from RS 574.65 crore to RS3,244.07 crore.
- Women entrepreneurs experienced significant empowerment, with accounts expanding from 55,644 to 1,90,844 and loans sanctioned rising from RS 12,452.37 crore to RS 43,984.10 crore.
Driving Change, One Entrepreneur at a Time
As the scheme enters its next phase, it stands as a testament to the government’s commitment to fostering equity and opportunity. By nurturing over 2.5 lakh entrepreneurial journeys, Stand-Up India has become a cornerstone of the country’s drive toward an inclusive and self-reliant economy.
