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The startup India scheme is a special government program that helps new entrepreneurs to nurture their business. This scheme offers all assistance types to the entrepreneurs who aim to develop a new product that will boost the country's economy.

The scheme also offers Startup India Loan to the SC/ST/Women entrepreneurs who have registered as a startup. The scheme facilitates bank loans from INR 10 lakhs to INR 1 crore to all the SC/ST and women entrepreneurs as per the startup India Benefits. So, if you are willing to avail of the benefits of startup India Funding, here is some crucial information that you should acknowledge.

Startup India funding for SC/ST/women entrepreneurs

This scheme offers you financial assistance to the SC/ST/Women entrepreneurs who aim to set up a Greenfield enterprise. Further, this enterprise may be a manufacturing unit, trading sector, and many more. And in the case of non-individual businesses, at least 51% of the business's stakes should be held by an SC/ST/Women entrepreneur. Now that you know about the scheme, here is the Startup India Scheme Eligibility for funding.

Scheme eligibility

To avail the benefits under the scheme, you must satisfy the below eligibility criteria:

  • 1. The SC/ST/Women entrepreneurs must be above 18 years of age
  • 2. The loan under this scheme is only for the Greenfield projects, so that the beneficiary would be manufacturing units, trading sectors, or services working for the Greenfield project.
  • 3. If the startup is a non-individual enterprise, then at least 51% of the company's stake must be held by SC/ST/Women entrepreneurs
  • 4. The borrower of the loan should not be a defaulter of any kind of loan in the bank/ financial institutions.

Steps to apply online

This scheme is like any other Startup India learning program. To avail of this scheme, you have to follow the steps below.

  • 1. This scheme covers all the branches of all the commercial banks, so you can directly visit the bank to avail of the loan.
  • 2. You can also access the loan through SIDBI stand-up India portals.
  • 3. Or else you can contact your lead district manager.
Now that you know everything about the startup India funding for SC/ST/women entrepreneurs, you should avail it now.

Wrapping up, these were some pointers that will help you obtain the benefits under the startup India scheme easily. For more updates on the startup India scheme, stay tuned.

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