STAND UP

Stand Up India – Brochure – English

https://www.standupmitra.in/Home/Downloads

GUIDELINES FOR STAND UP INDIA SCHEME
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and the relevant linked office of NABARD/ SIDBI. The g. For utility connections – Offices of utility providers
offices of SIDBI and NABARD shall be designated h. For DPRs – Project profiles available with SIDBI/
Stand Up Connect Centres (SUCC). The loan NABARD/ DICs
application will now be generated and tracked At any time, even after the loan has been
through the portal. sanctioned, any borrower may access the services of
the Stand Up Connect Centres.
5.1 5.3 The LDM will monitor the process and work with In cases where the borrower indicates a need for
hand holding, then local offices of SIDBI and NABARD for problem registration as a Trainee
Borrower on the portal will solving and easing bottlenecks. Based on the link the borrower to the
LDM of the concerned district and the progress being achieved in each case and prima relevant office
of SIDBI/ NABARD. This process which would be facie viability, the LDM will sensitise the concerned
electronic, could be done at the borrower’s home by bank branch on potential cases likely to come up.
himself/ herself or at a CSC or through a bank branch Once this is done, SIDBI/ NABARD will meet
by the officer dealing with MUDRA concerned bank officials for further follow up. These , as explained in
paragraph 2. organisations will also work with other
organisations who are stakeholders such as the Dalit
Indian Chambers of Commerce and Industry (DICCI),
Women Entrepreneur Associations etc.
5.4 Once hand holding requirements are adequately
met to the satisfaction of the LDM and the trainee
borrower, then a loan application will be generated
through the portal.
6. The Stand Up India Portal is interactive. It hosts
information about various entities providing hand
holding support to the borrower. This includes:
– Training : Technical or/ and Financial
5.2 SIDBI (80 offices) and NABARD (419 offices) as
– DPR preparation Stand Up India Connect Centres will then arrange for
– Margin money support support for such trainee borrowers as requested in
– Shed / workplace identification any of the following ways:
– Raw material sourcing a. For financial training – at the Financial Literacy
– Bill discounting Centres (FLCs)
– E-com registration b. For skilling – at skilling centres ( Vocational
T – Registration for taxation raining Centres – VTPs/Other Centres -OCs)
7. The Portal is designed to obtain application forms, c. For EDPs – at MSME DIs/ District Industries
Centres (DICs)/ Rural Self Employment Training gather and provide information, enable
registration, provides links for handholding, assists Institutes (RSETIs)
in tracking and monitoring. As more facilities d. For work shed – DICs
become available it shall be further refined into an e. For margin money – offices related to margin
end to end solution. money support schemes e.g. State SC Finance
8. The Stand Up India scheme endeavours to create an Corporation, Women Development Corporation,
eco system to make borrowers ready. This system is State Khadi & Village Industries Board (KVIB),
MSME-DIs now meant for supporting Stand Up Borrowers but etc.
will be extended in due course to other schemes. f. For mentoring support from established
entrepreneurs – DICCI, Women Entrepreneur
Associations, Trade bodies. Credible, well 9. The loan shall be a Composite Loan i.e. to meet
established NGOs can also be used for requirements of assets such as plant and machinery
extending hand holding support. and working capital. It is expected to cover 75 % of
TRAINEE BORROWER
STAND UP INDIA PORTAL (www.standupmitra.in)
NATURE OF LOAN
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project cost and the rate of interest would be lowest Portal. New schemes will be added as they become
applicable rate of the bank for that category (rating) available.
not to exceed (base rate (MCLR) + 3%+ tenor
premium). It shall be repayable in up to 7 years with 12. The District Level Consultative Committee (DLCC)
a moratorium of up to 18 months. A Rupay card will under the Collector with the LDM as Convenor shall
be issued to enable operation of the working capital
periodically review cases of both types of
component. (The stipulation of the loan being borrowers, meeting at least once each quarter.
expected to cover 75% of the project cost would not SIDBI and NABARD officers will join the review
apply if the borrowers contribution along with meetings.
convergence support from any other scheme
exceeds 25% of the project cost)
13. Events will be organised at District level, as
frequently as necessary and at least once in each
quarter, involving stakeholders to share best
practices, review, problem solving and guide
potential entrepreneurs. These events will also
provide means for facilitating registration for bill
discounting services, e-market places, taxation etc.
NABARD will organise these events with the support
of SIDBI.
14. Provision has been made in the portal for redressal
of grievances of the borrower. The portal provides
contact details of the officers/agencies in each bank
10. The Stand Up designated to attend to grievances. A system for India Scheme provides for collateral
free loans to the applicants. The scheme known as online submission of complaints and their
Credit Guarantee Scheme Stand Up subsequent tracking through the portal shall be India (CGSSI)
has since been notified and shall be channelised developed. Feedback on disposal of the complaint
through Nat is to be made available to the customer by the bank ional Credit Guarantee Trustee
Company concerned. (NCGTC).
15. Banks may determine requirements such as stock
statements, insurance of assets created &
11. The Scheme envisages 25% margin money which
reasonable processing fees.
can be provided in convergence with eligible
Central / State schemes. While such schemes can be
drawn upon for availing admissible subsidies or for Stand Up Connect Centres (SIDBI/ NABARD):
meeting margin money requirements, in all cases,
the borrower shall be required to bring in minimum To operate and maintain the StandUp India web portal
of 10% of the project cost as own contribution. To Arrange for hand holding support for Trainee
illustrate, if a State scheme supports a borrower Borrowers
with 20% of the project cost as subsidy, then the Liaise with banks for follow up in potential cases
borrower will be required to contribute at least 10% through LDM/SLBC
of the project cost. Any subsidy received by a unit Coordinate with LDM for easing bottlenecks
which was not foreseen during loan appraisal will Assist the SLBC and DLCC in reviews and monitoring be credited to the loan account. In cases where a
Participate in Stand Up events organised by subsidy was included during appraisal but received
NABARD. after commissioning, the same may be released to
the borrower to repay any loan taken for arranging
margin money Training of Trainers, LDMs, Bank officers for Stand
. A list of Central / State wise
Up India subsidy/incentive schemes will be provided on the
DISTRICT LEVEL CONSULTATIVE COMMITTEE
ASSISTANCE AFTER LOAN DISBURSEMENT
GRIEVANCE REDRESSAL
CREDIT GUARANTEE/ COLLATERAL
MARGIN MONEY
RESPONSIBILITIES OF STAKEHOLDERS
SIDBI:
NABARD:

Process loans within the timeframe as stipulated in
Liaise with banks for follow up in potential cases Code of Bank’s Commitment to SME borrower
through the LDM (Application for loan upto Rs.5 lakh within 2 weeks,
Coordinate with between `5 – 25 lakh in 3 weeks, above 25 lakh LDM for easing bottlenecks
in 6 weeks, from the date of receipt of application
provided the application is complete in all respects
and is accompanied by documents required)
In case of rejection, reason to be made known to
borrower as stipulated in the Code of Bank’s
Commitment to Customers.
Grievance redressal at the bank level should be done
in 15 days at the bank level as per Code of Bank’s
Commitment to Customers.
Banks to put in place an internal mechanism for
monitoring of scheme performance.Important download documents
Assist Access the portal or visit a bank branch and answer the SLBC and DLCC in reviews and monitoring
Organise a short set of questions events, as frequently as necessary and at
If categorised as a Trainee Borrower, then go least once in each quarter, for experience sharing
etc. amongst stakeholders. through the sequence of handholding support, as
applicable
Arrange/provide requisite documentation as Monitor progress of cases
required by the bank branch
Serve as contact point for SIDBI/NABARD for easing
bottlenecks.
Sensitise bankers on potential borrowers.
Follow up with concerned regional/zonal office of
the respective bank to ensure timely processing/
sanction of loans as per time frame specified in
Code of Bank’s Commitment to Micro and Small
Enterprises.
Ensure that borrower’s requirement of
handholding support is satisfied to the extent
possible.
Convene DLCC meetings in the specified periodicity.
Participate in quarterly events with stakeholders Attend quarterly events on experience sharing, best
organised by NABARD. practices, problem solving etc.
Set up and run the unit with due diligence.
Make repayments in due time. DLCC under the Collector to review progress
periodically
Grievance redressal at district level
Assist in resolving issues, if any, relating to public
utility services and work space for potential
borrowers
Help potential borrowers in accessing the portal
Process loan applications received online or in

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The Loan scheme is for Schedule Caste , Schedule Tribe and Women

For more details -please visit the below link :

https://www.standupmitra.in/

Deputy Director

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