Stand up india

PPT on STAND UP INDIA @MBA CLASS

1. STAND UP INDIA By: Vikas shetty

2. Introducing of a plan

3. Content Introduction Features Eligibility Conclusion

4. INTRODUCTION Prime Minister Narendra Modi launched the ‘Stand up India’ scheme on 5 April 2016 as part of the government's efforts to support entrepreneurship among women and SC & ST communities. The scheme offers bank loans of between ₹10 lakh (US$15,000) and ₹1 crore (US$150,000) for scheduled castes and scheduled tribes and women setting up new enterprises outside of the farm sector .

5. Main Features of the Stand Up India 1.A composite loan of INR 10 lakh to up to 1 crore , including working capital for women, SC/ST to set up a new business. The loan amount will be repayable up to 7 years. 2. RuPay for withdrawal of working capital through debit card. 3. Measures to develop borrower’s credit history. 4. SIDBI (Small Industries Development Bank of India) to have a refinance window for entrepreneurs, starting with the amount of INR 10,000 crore .

6. Contd Loans under the stand up scheme for financially backward entrepreneurs. How the loan will be provided to the beneficiaries under the stand up scheme? Some important data regarding the stand up India scheme Name of the scheme :stand up India scheme Total beneficiaries :2.5 lakh Loan amount to be sanctioned : Rs. 10 lakh –Rs.1 crore

7. contd 5 . Credit guarantee fund of INR 5,000 crore to be created by NCGTC (National Credit Guarantee Trustee Company). 6. Comprehensive support for Borrowers for the needs pertaining to pre-loan, facilitation, marketing, and operational phases. 7. A web portal and mobile application for entrepreneurs to download application forms, E-registration, self certification, and other support services.

8. contd 8.No inspection of start-ups, and income tax relaxation during the first 3 years of commencement of business. 9.Application fee of start-up patent to be reduced by 80%. 10.Exit policies to be made easier.

9. Eligibility 1.SC/ST and/or Women entrepreneurs, above 18 years of age. 2.Loans under the scheme is available for only green field project. Green field signifies , in this context, the first time venture of the beneficiary in the manufacturing or services or trading sector. 3. In-case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur. 4. Borrower should not be in default to any bank/financial institution.

10. Interest Rate The rate interest would be lowest applicable rate of the bank for that category (rating category) exceed (base rate MCLR)+3% of tenor premium

11. Security Besides primary security , the loan may be secured by collateral security of guarantee of credit guarantee fund scheme for stand up India loan(CGFSIL) as decided by the banks

12. Repayment The loan is repayable in 7 years with a maximum moratorium period of 18 years

13. Margin Money The scheme envisages 25% margin money which can be provided in convergence with eligible central /state scheme while such scheme can be drawn upon for availing admissible subsidies or for meeting money requirement in all cases the borrower shall be required to bring in minimum of 10% of the project cost as own contribution

14. Responses

15. Conclusion Gogle Ceo SUNDAR PICHAI said that India is “fastest growing stand up nation in the world around the globe”-speaking at the digital India event in silicon valley (US)where in PM Narendra Modi meet ceo’s of global tech companies ,pichai said “I was in India last year. I met hungry entrepreneur similar to the ones I meet in silicon valley”

16. Thank you