Guidelines on the Stand Up India Scheme (SUPI) have been issued by Government to banks. These, inter alia, include collateral free loans through credit guarantee scheme, convergence with state and central government schemes wherever feasible, simplified application form, online application through www.standupmitra.in portal, handholding support, designated nodal officer for SUPI, etc. Banks extends SUPI loan to commercially viable proposals as per Bank’s Board approved policy in this regard.
The number of loans given by Public Sector, Private and Regional Banks under the Stand-up India Scheme are 51,888, 2,445, and 1,009 respectively upto 07.03.2018 since inception of the Scheme.
Regional Rural Banks have sanctioned180 loans to borrowers of Scheduled Castes (SC) category as on 07.03.2018 since inception of the Scheme.
This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha today.