Startup India Scheme | Standup India Loan Scheme (Application Form, Apply)

Startup India Loan Scheme | Standup India Loan Scheme | Apply | SC ST Women Registartion Online Portal

This article will resolve all the quires related to Start Up India Stand Up India Loan Scheme. How to Apply, Tax Benefits and all other information, Offering of Startup India to Entrepreneurs, Key Features, benefits and Drawbacks. This Scheme will be launched by PM Modi on 5th of April 2016

Under This loan scheme a loan amount of rs 10 Lakhs to Rs 100 Lakhs would be given to SC ST and women entrepreneurs.

The startup ecology of India got its full pace soon, as the PM Modi revealed the Action Plan of Startup India Scheme this Saturday and it was done at an invitation only event of the Start Up India, Stand Up India. This event was held at Vigyan Bhawan on Saturday.

Start up India Stand up India Scheme

What is actually Start Up India, Stand Up India

Structured by the Industrial Policy & Promotion Department (DIPP), in conjunction with additional key players of Indian startup system, the initiative of Start Up India, Stand Up India focuses to rejoice the nation’s entrepreneurial character, and generate a strong bionetwork for fostering advancements and new business startups in the nation.

Prime minster Narendra Modi was very keen to introduce the Startup India, Standup India initiative in order to make the youth of the country stand in their own feet and create job opportunities for others. He declared a self-certification system with respect to nine environment and labor laws and stated there’ll be no check during the initial three years after launching the project. Speak to the initial conference of the entrepreneurs of start-up India, Modi declared an execution plan to advance such ventures that are witnessed as the key for employment generation as well as wealth creation.

Top Points from the Speech of the Prime Minister

The Government of India has been supporting farmers by providing them different kinds of loans for their farming practice and even allowing Debt relief on account of the harvested crops. Previous year PM Modi declared this scheme and said that the Indian youth have to focus on to create jobs and start their own businesses.

After five months of the announcement made by the PM, FM Arun Jaitley, inaugurated the ambitious scheme of the PM Modi on January 16 at Vigyan Bhavan in Delh and in that event about 1,000 entrepreneurs took part. The Ministry of HRD and the Science & Technology Department are supporting as the associates to create over 75 of such supporting hubs in different NITs, IIIT), IISERs and NIPERs. With the 4,200 startups in India, the country ranks third internationally after UK and US however India still is in the 1st place in Asia which sends Engineers and Scientist to the United States of America.

So to boost the former quantity and to lessen the later, India had planned the initiative of ‘Startup India, Standup India’. The section “Standup India” implies that the females and the entrepreneurs belonging to the SC/ST group should come forward and start their own businesses.

Offering of Startup India to Entrepreneurs

  • The initiative of Standup India supported by the DFS intents to mention Women as well as entrepreneurs belonging to the SC/ST group. They have designed in supporting 2.5 lacs of borrowers with the loans from different banks that one can pay back in seven years.
  • Prime Minister Modi declared that “There won’t be any income tax charged from the profits of startups’ for about three years”
  • One can register a venture within 24 hours utilizing the Narendra Modi app. One just needs to fill an online application form. The filling of form through this app reduces the tedious procedure of Registering. Efforts are currently going on to reduce the time spent in registering procedure of the Startups.
  • As well a fast system is to be introduced to fill applications for patents for the startups, assured by the Prime Minister Narendra Modi. “There‘ll be no negotiation on the quality however the thought is to provide the new opportunities to the new entrepreneurs’” he included.
  • Prime Minister Modi plans to decrease the attachment of the state governments in the initiatives of startups so that the entrepreneurs are able to enjoy liberty.
  • No tax will be charged from any startup up to 3 years after its start.

A Short Glimpse on the Startup India Standup India

Compliance system based on the self certification

 

The purpose of compliance system based on the self certification or authorization is to diminish the regulatory load on the startups. This process of self-certification will make the startups to work in their own without the fear that somebody will interfere in their business.

 

Hub for Startup India A hub for startup India will be made as the only contact point for the whole startup bionetwork to enable data exchange and to access funding assistance.
Simplifying the process of startup Filling a small form through an app or web portal will make the startup venture to start as soon as possible. A mobile application will be introduced on 1st April through which new ventures can be registered easily. There will as be a web portal for approvals, registrations and clearances.
Protection of Patents The union government is as well working on an authorized backing for the fast-track patent assessment at less cost. It’ll promote wakefulness as well as approval of IPRs by the startups as well as assist them in protecting and commercializing IPRs.
10,000 crore Funds of funds

 

The central government will make a financial support system which will support new venture financially and this system will be controlled by the professionals of the business industry who are well acquainted with the funding system. This financial system will have 10,000 crore rupees to support the new ventures. The CRF for the startups will assist the flow of project debt from banking system to the start-ups through providing guarantee against any risk.
CRF (Credit Guarantee Fund) A NCGTC will be created with a financial allocation of about 500 crore rupees every year for the subsequent four years.
Exemption of CGT At present, investments by the VCFs in start Ups are exempted from this regulation. At the moment, the same will be expanded to the investments done by the incubators in the startups.
Tax exemption of startups Exemption of income tax to the startups was declared for 3 years.
Startup Carnivals Programs of innovation core for students in five lakh schools. There’ll as well be a yearly incubator grand competition to create top-notch incubators.
Launching of AIM AIM started to provide a momentum to advancement and encouraging the talents among the common people.
Setting of 35 incubators in different institutions The central government will set up thirty five new incubators in the different national institutes.
Setting of seven research parks The central government will be setting up 7 research parks for the startups i.e. 6 in IITs and 1 in IISc with a primary investment of about 100 crore rupees.
Promoting entrepreneurship in the field of biotechnology To promote entrepreneurship in the field of biotechnology, the central government is planning to invest good amount of money. The main aim is to encourage youths of the country to make career in the field of biotechnology entrepreneurship.
Innovation focused courses for the students There’ll be addition of innovation core courses for the students in about five lakh schools.
A board will be available which will assist in filing application for patent.  
80% discount for filing applications of patent by the startups  
Easy rules and regulations will be implemented for the startups.  
Faster exits will be given for the startups i.e. within six months any startup can close their venture and no levy will be charged from the startup.  
Exemption of Tax on the investments above FMV  

Please read this article for Start Up India Stand Up India in Hindi

Updates

  1. Around rs 8000 cr have been given under stand up india as loans to start ups.

2/8/2018

As was mentioned by the state government, Startup India Yatra, organized by Commerce & Industry Ministry, was launched officially on 30th July. The first boot camp was organized at Raipur. The next boot camp was organized at Bilaspur. The venue chosen is the Government Engineering College. Other such camps will also be organized in engineering and ploy-technique colleges, run by the government. Korba, Surguja, Raigarh, Koria, Jashpur, Rajnandgaon, Balod, Balodabazar, Durg, Kondagaon, Dhamtari, Jagdalpur, Dantewada and Kanker are some other states in the state where this Startup Yatra van will travel in days to come.

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65 comments

  1. danabhai maldhari

    How does start up business operates?

  2. Sir,

    please explain how Start up India Stand up India Scheme will help to us for business.

  3. harshvardhan jadhav

    How to apply start up and stand up yojana

    • sir
      i want to start a startup company…for that i want company registration and tax details etc…
      ”startup india scheme ” so how this scheme wil help us

  4. I want open new skill development program institutions

  5. sir
    I want painting shop business loan .
    Please explain me how to startup this program

  6. How to apply for the star up India ? and where in Bangalore we can apply. Waiting for your reply.

    Thank You

  7. My question is how to apply for this and how it be beneficial for the business man who already started his own business but due to lack of financial support he is not position to flourish his business and generate more employment for youth,

    can this scheme help those business mentioned above.and if yes then how, and how to apply for that and how much loan ,financial aid government can give to those business.

  8. Sir . How to apply startup india ¦™ i want to loan manufacturing of steel almirah ‘ s and wood furniture in district- jalaun (uttar pradesh)

  9. Tushar Gothivarekar

    hello Sir I have just started my own company and i have heard that PM have started one yojna in which it is mentioned that for any startup company for first three years they are not liable to pay the tax is it true if yes how to apply for the same can you send me the link.

  10. Please inform whether hotel industry is eligible for start up stand up scheme

  11. Sir, i have just launched an ecommerce portal which is in pre-start up phase. i am facing difficulties in the funding. can you let me when this “startup india stand up india” scheme is going to be implemented and when we will be able to know the guidelines for it. whether it will implemented in FY16-17 or later???

  12. Hi,

    Me and my spouse thought and plan to start a company, as per thought we designed and ready with the application, which it helps small to big companies.

    But here we don’t have any financial back ground, we don’t have any property. Just we have IDEAS to implement and make unemployed persons to employed.

    Honestly i am telling here we have only ID proof & Address proof and earlier work experience documents. That’s it.

    Is there any person or company or banks to help us,

  13. I just want to do the start up of a travel agency then hho can i be a part of start up nd hho u can help me .

  14. Dear sir,
    Banks are avoiding to give funding in mudra loans or some other pradhan mantri’s scheme loans, then there is any process or complaint forum for such banks.
    Second, plz tell what should we do if banks denied for such loans if we are going to start new business weather we have prior experience or not.

  15. My question is how to apply for this and how it be beneficial for the business man who already started his own business but due to lack of financial support he is not position to flourish his business and generate more employment for women and youth

    can this scheme help those business mentioned above.and if yes then how, and how to apply for that and how much loan ,financial aid government can give to those business.

  16. sir how to How to apply startup india ¦ i want Mushroom Growth & business. In karnataka Aria And Andra Pradesh Aria Bez Am Lived In Karnataka Tumkur distik Pavagada Town And Taluk. Plz Reply

  17. Respected
    sir,
    I want to take Tarun Loan from Mudra Scheme for developing my Business
    So, kindly help me for it.

  18. Hi sir I want to start my owe ice cream plant in my village Sonpur Bihar and I wanted to known about registration and how help startup yogna

  19. Dear Sir,

    Could you please let me know how to apply for this and what are the basic things needed for this, We have online startup which is registered.

    Thanks & Regards
    Sankar G

  20. Harinder Singh Saini

    Sir,
    Recently I left the job to support our Prime minister vision of make in India.
    My Business will provide a consultancy services to small scale industries in the feild of Cad/ Cam, industrial design, tool design, digital manufacturung etc.
    I am going to startup the properitor firm.I s i am eligible for this scheme.My budget requirement is only 5lakhs.

  21. Dear Sir,

    have started RADINTECH INDIA company in my Wife name and wants to register under Start Up India Scheme … How do i register for the same ??

    Regards
    Sudhindra s
    9611803078

  22. Dear sir, we 6 engineers (B.tech 2014 pass out) started an online & offline vegetables store in ranchi jharkhand on 23rd nov 2015. We started it for social service, to support farmers, & to provide job to those person who are illiterate. Now we have lack of funds. Can our initiative team get any financial support from govt. If yes then show me the right path. Our fb page link is :https://m.facebook.com/ibveggies/

  23. sir i am 40 years old graduate i req. loan to startup my some work. how i get this yojna

  24. Hello

    I am living in Delhi on Rent with my husband and 2 Daughters please advice me if i am living on rent can i get this loan.

    Regards

  25. Hello Respected Sir,

    I already have a 3 years old registered society which is currently run by a lady head. I want to start an education institute. So I want to know what are the eligibility criteria to get financed under Start Up India Stand Up India Programme.
    Is this scheme is applicable to start a college or not?

    looking forward for your kindly response.

    Thanks & Regards.
    Arpan Pandey
    Mob No.: 9044404566

  26. Madhu Bala Srivastava

    We are interested to manufacture biomass pellets by rice husk in Varanasi please send us about stand up India for registration and how we can take loan from bank,we have details about this product and project.
    Thanks
    Mobile 9454735636

  27. sir, can i start primary school under this yojana.

  28. Were and how to apply for start up India

  29. vishal shivshankar bankar

    Sir plz tell me how to apply start up yojna

  30. Sir, l have started cartoon (box) industries in begusarai, bihar.pls details start up standar yojna.thank you.

  31. please gave detail fot startup and standup india

  32. I have plan with 10-15 members in our colony to open boutique and cloth selleing please help me out so 10-15 families can work up with stan up india. I believe i will get help from ur scheme. Modhi Sir.

  33. pradip kumar sardar

    sir, l want to do a distributorship business for which i need 10 to 20 lacs , did PMs start up india, stand up india yojana can give me financial assistance to achive my goal.

  34. SIR I WANT A LOAN OF AMT 10 LAC TO SETUP MY BUSINESS LET ME KNOW THE PRECEDURE

  35. I want to open a jewelry manufacturing company in puri.can u help us to funding.

  36. how we will start the business through standup india scheme, kindly explain

  37. Hi i want to start a new Business please help me out how can i arrange the founding for bushiness i already make my Proposal and ROI

  38. Dear Sir,
    I am leaving from nizamabad How to apply standup india I want a own business.
    Mushroom and fertilizer business please give me license. I am very poor family sir.please give me response sir.

  39. Dear Sir,
    I am leaving from nizamabad How to apply standup india I want a own business.
    Gold show room and fertilizer business please give me license. I am very poor family sir.please give me response sir. App ko salam karunga sir please.
    09553752070

  40. I want to know about this properly because I want to start a acedmy.
    I m facing some financial problem.

  41. Dear Sir,
    I have checked with some nationalised bank regarding start up stand up India loan scheme for women but I’m not getting any reply from any bank regarding this scheme
    It’s a request please help me how to apply for loan n which banks are connected to this scheme.
    I want to start my business ASAP
    Waiting for your reply

    Regards
    Manali Rajput

  42. Dear sir, pm
    I want a startup india loan because start in bussiness wedding card design & manufacture.
    I m facing some financial problem.
    Waiting for your reply.

    Regards
    akash kale

  43. Sanchit Aggarwal

    Dear Concerned Person

    I have a startup plan. I want to enquire whether the scheme in question has been started in practical terms or still on working mode on paper. As i am getting the negative response from banks on this scheme.

    Looking forward just to have a update on this.

    Regards
    Sanchit Aggarwal

  44. how i can approch & if i take loan than what percentage of intrest i should pay…
    is there subsidy scheme for ST enterprenuiers please kindly response my request.

  45. Dear sir,
    I have small general shop but i want improve this shop and along with other shop as a cloth store or making disposable petal done itc please help me how to apply for loan n which banks are connected to this scheme.
    Thanks & Regards
    Laxminarayan Raigar
    09001411015

  46. Hi Sir,

    I am an employee of a private company,and I have 3.52 acres of land. My wife would like to start up Dairy form in my land, which will cost around 25 lacks for 20 cows. whom do she approach for the loan under this scheme? what are the documents will required to apply. Could you please advise us?

  47. Sir i m into candle making i want to make it my profession i was into this on small self scale ,Sir i want to expand it can u please guide on how to apply for this schème what i require to produce to get this benefit

  48. Sir,

    How can I approach for the Start up India program if I have plans for start up in BPO & Android Development industries? And what will be the process to get financier for my project?

  49. Dear Sir

    If you can provide startup funds, and variety of businesses from entrepreneurs, I can bring more funds from my pool of larger funds for business expansions, and ofcourse advanced technology, business deals and leading management practices.

    Thanks
    Suresh

  50. Dear Sir,

    I would like to start a new a business with agricultural VAT products in Kerala with my family members. So please let me know what is the procedure to get registered and get the benefits for my startup and how many partners are allowed.

  51. Hello sir
    This is santosh dangi from bhopal.. I am not supporting this concept..just because..when young people who start there owned business..your BANKS are not support us..they are not giving loan for start bussiness..how INDIA can be grow up..there system is fully foolish…i hat this

  52. PRADIP KARMAKAR

    Main Pradip Karmakar aur mughe sarkari yojna tahat loan kaise milega
    please give me your instruction.

  53. Hello Mein Raju Bey aur mujhe sarkari sarkari yojana tahat loanchat loan keise milega plese
    Give me your instruction.

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