Turning Aspirations into Achievements
Since its launch on 5th April 2016, the Stand-Up India Scheme has been on a mission to empower SC, ST, and women entrepreneurs. It aimed to break barriers by providing bank loans to help them start new businesses. Over the past 9 years, the scheme has not just funded businesses—it has nurtured dreams, created livelihoods, and driven inclusive growth across India.
Achievements Under Stand-Up India
The Stand-Up India Scheme has shown remarkable growth over the years, with the total amount sanctioned increasing from Rs. 14,431.14 crore as of 31st October 2018 to an impressive Rs. 61,020.41 crore by 17th March 2025, since its launch. This reflects a substantial increase, highlighting the scheme’s expanding impact in empowering entrepreneurs across the country.
The scheme reflected significant financial empowerment for the SC, ST communities and women entrepreneurs (from November 2018 to November 2024):
- SC accounts grew from 9,399 to 46,248 with loan amounts rising from Rs. 1,826.21 crore to Rs. 9,747.11 crore.
- ST accounts increased from 2,841 to 15,228 with sanctioned loans jumping from Rs. 574.65 crore to Rs. 3,244.07 crore.
Women entrepreneurs accounts grew from 55,644 to 1,90,844, with sanctioned amounts rising from Rs. 12,452.37 crore to Rs. 43,984.10 crore.
Conclusion
The Stand-Up India Scheme has been a transformative initiative, empowering SC, ST, and women entrepreneurs to turn their business ideas into reality. With significant achievements in loan sanctions and disbursements, it continues to foster inclusive growth. This scheme is not just about loans; it’s about creating opportunities, inspiring change, and turning aspirations into achievements.
References
- https://www.standupmitra.in/home/suischemes#Objective
- https://pib.gov.in/PressReleasePage.aspx?PRID=1913705
- https://static.pib.gov.in/WriteReadData/specificdocs/documents/2023/apr/doc202345178201.pdf
- https://financialservices.gov.in/beta/en/page/major-achievements
- https://pib.gov.in/PressReleasePage.aspx?PRID=1558102
******
Santosh Kumar/ Sheetal Angral/ Kamna Lakaria
