Bank of India – Stand Up India Loan
About This Loan
Bank of India's Stand Up India loan provides ₹10 lakh to ₹1 crore for SC/ST and women entrepreneurs to set up greenfield enterprises. Composite loans covering both term loan and working capital with moratorium period of up to 18 months.
Maximum Amount
₹1,00,00,000
Interest Rate
Base Rate + 3% + Tenor Premium (typically 10-12% p.a.)
Tenure
Up to 7 years with 18-month moratorium
Collateral
Covered under CGTMSE; additional collateral for amounts above ₹1 crore
Processing Fee
As per bank norms
Eligibility
SC/ST entrepreneur or woman entrepreneur above 18 years; 51% controlling stake in the enterprise; greenfield project in manufacturing, services, or trading; no default with any bank.
Application Process
- 1Register on standupmitra.in as a borrower
- 2Approach Bank of India branch with documents
- 3Branch Lead District Manager (LDM) facilitates the loan
- 4Bank appraises the project and sanctions composite loan
- 5CGTMSE guarantee obtained for collateral-free portion
Documents Required
- Stand Up India application form
- Identity and address proof
- SC/ST caste certificate or gender proof (women)
- Detailed Project Report
- Quotations for assets
- Proof of business premises
- ITR (if applicable)
Official Links
Related Government Schemes
Disclaimer
This information is sourced from publicly available bank and financial institution websites. EduMetrics is not a financial advisor or lending institution and does not guarantee the accuracy of interest rates, eligibility criteria, or loan terms. Please verify all details with the respective bank before applying.