The Standup Mitra Portal, which was set up by Small Industries Development Bank of India (SIDBI) under guidance of Department of Financial Services, Ministry of Finance, to pioneer national mission of Stand-Up India, has successfully recorded more than 96,000 loan
sanctions worthmore than Rs. 21,000 crore.
The portal was launched in April 2016 to extend online financial assistance to the unserved and underserved segment of the society without the need of visiting any bank branch and apply for loan online under the Stand-Up India Scheme.
The Stand-Up India scheme targets at ensuring access to unserved/underserved segments of women and Scheduled Caste (SC)&
Schedule Tribes(ST) pan India basis by providing them financial assistance starting from Rs.10 lakh to Rs.1 crore for setting up of greenfield (new) enterprises.
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