It is similar to but distinct from Startup India. Both are enabler and beneficiary of other key Government of India schemes, such as Make in India, Industrial corridor, Dedicated Freight Corridor, Sagarmala, Bharatmala, UDAN-RCS, Digital India, BharatNet and UMANG.
History
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
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.
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