Stand Up India
Collateral Free Loans upto INR 1 Crs
Programme for extending loans between INR 10 lakh and INR 1 Cr to Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and Woman borrower for setting up a greenfield enterprise (first time venture), in manufacturing, services or trading sector.
Eligible units -Greenfield enterprise engaged in manufacturing , service or trading sector owned by SC/ST or women entrepreneur
Facilities covered- Working Capital facilities / Term Loan
Credit limit of INR 10 Lakh -100 Lakhs
No collateral required.
Loan are covered under CGSSI (Credit Guarantee Scheme for Stand-Up India Scheme)
Competitive Pricing Linked to EBLR
MSME Application Form
KYC documents of the applicant entity/ Proprietors/ partners/ directors/ guarantors
Last 2 years Audited financial Statement
Last 2 year Income Tax Returns of the applicant along with computation of income and copy of acknowledgement
Bank Account Statement of last 6 months.
Property documents as required for security offered
Management Certified Projections for 2 years.
GST returns for CFY
Latest year Income Tax Returns for Proprietor/All Partners / Promoters having shareholding atleast 51%(in case of Company) along with computation of income and copy of acknowledgement.
Self-certified Net Worth Statement of Promoters & Guarantors
SSI / MSME registration if applicable.
Documents to establish whether the applicant belongs to SC/ST category, wherever applicable.
In case of a Company, Certificate of incorporation from ROC to establish whether majority stake holding in the company is in the hands of a person who belongs to SC/ST/Woman category
* All Documents must be self-attested
** These are only indicative and not exhaustive list of Documents.
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