- Loans totaling over Rs 387 crore have been given to SC, ST, and women entrepreneurs in Jammu and Kashmir through the Stand-Up India Scheme.
- The scheme provides loans from Rs 10 lakh to Rs 1 crore with attractive interest rates and credit guarantee support.
- A simple application process and outreach programs encourage entrepreneurship among underserved groups in remote parts of J&K.
Stand-Up India Scheme is really helping entrepreneurs in Jammu and Kashmir by offering important financial support to Scheduled Castes (SC), Scheduled Tribes (ST), and women. Since it started, over Rs 387 crore in loans have been given out in the Union Territory, supporting new businesses and promoting inclusive growth.
Loans Given Under Stand-Up India Scheme in J&K
By March 2025, the scheme has helped provide a total of 1,786 loans in Jammu and Kashmir.
- SC entrepreneurs received 243 loans totaling Rs 47.34 crore.
- ST entrepreneurs got 255 loans worth Rs 51.20 crore.
- The largest number of loans, 1,288 in all, went to women entrepreneurs, with the total amount reaching Rs 288.57 crore.
This financial help plays a big role in encouraging new businesses in manufacturing, services, trading, and agriculture.
Who Can Apply and Benefits of the Stand-Up India Scheme
Who Can Apply?
People at least 18 years old and who do not owe money to any bank or financial institution can apply. For business entities, at least 51% ownership and control must be held by an SC/ST or a woman entrepreneur to qualify.
Loan Amounts and Interest Rates
Loans under the scheme range from Rs 10 lakh up to Rs 1 crore, helping new businesses get started. Interest rates are capped and usually do not go beyond the base rate plus MCLR plus 3%, including any tenure premiums. These loans come with credit guarantee support, reducing risks and making borrowing easier.
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How the Scheme Supports Underserved Communities
The Stand-Up India Scheme closes the credit gap faced by underserved communities, especially women and tribal groups in remote parts of Jammu and Kashmir. Before this, many had limited access to banking, but now they have the financial means to pursue entrepreneurship and independence.
Application Process and Government Efforts
The government has made the application process simple with easy-to-use online portals for entrepreneurs. Also, special outreach programs and awareness campaigns take place in tribal and remote areas to encourage more people to join. These steps help people understand the scheme better and reach entrepreneurs who did not have credit access before.
Although Jammu and Kashmir’s number of beneficiaries is smaller compared to bigger states, the steady increase in loans shows growing awareness and better credit availability thanks to the Stand-Up India Scheme.