Stand-Up India Scheme (Greenfield Loan)

Facilitates composite loans (inclusive of term loan and working capital) between ₹10 Lakh and ₹1 Crore for greenfield projects. Promoted by SIDBI and Ministry of Finance. The scheme mandates that each bank branch extend loans to at least one SC/ST borrower and at least one woman borrower, and SIDBI provides refinance support along with a dedicated credit guarantee that removes the need for collateral on these loans. As of recent reporting, more than 1.8 lakh entrepreneurs have been sanctioned loans exceeding ₹40,600 crore under the scheme, with roughly 275,000 of about 299,000 applications ultimately approved — useful context on approval likelihood for a well-prepared greenfield proposal. Because eligibility is strictly limited to first-time ventures (a genuinely new enterprise, not an expansion of an existing one), applicants with prior business ownership in the same line of activity are typically screened out early.