Loan For Greenfield Project

Loan For Greenfield Project

Loan For Greenfield Project

LOAN FOR SC/ST OR WOMEN ENTREPRENEURS:

Government runs various schemes for women or Scheduled Caste (SC) or Scheduled Tribe (ST) entrepreneurs. Under Stand Up India Scheme various finance facilities provided to entrepreneurs. This scheme facilitate finance from banks between 10 lakh to 1 crore to atlest one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one women entrepreneur per bank branch for setting up a Greenfield Enterprise. This Greenfield Enterprise may be in trading, manufacturing or service sector. In case of corporate entities at least 51% of shareholding and controlling stake should be held by Scheduled Caste (SC) or Scheduled Tribe (ST) and women entrepreneur.

ELIGIBILITY:

  1. Borrower should be above 18 years of age.
  2. Borrower should be Scheduled Caste (SC) or Scheduled Tribe (ST) and women entrepreneur.
  3. Unser this scheme loan is available for only Greenfield Project.
  4. Borrower should not be in default to any bank or financial institution.

HOW TO APPLY:

This scheme covers all branches of Scheduled Commercial Banks.  Borrower can apply for loan in three potential ways:

  1. Directly through Bank Branch
  2. Through Small Industries Development Bank of India (SIDBI) Stand Up India Portal
  3. Through the lead District Manager

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