ICICI Bank Stand Up India Scheme

The objective of Stand-Up India scheme is to facilitate bank loans between Rs. 10 lakhs and Rs. 1 crore 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.

Eligibility Criteria of ICICI Bank Stand Up India Scheme

• 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.
• In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.

Loan Amount under ICICI Bank Stand Up India Scheme

The loan depends on applicant's requirement.

Rs. 10 lakhs and Rs. 1 crore. Bank finance not to exceed 75% of total cost.

Loan Tenure of ICICI Bank Stand Up India Scheme

The maximum tenure allowed for repayment of loans taken under this scheme is 7 years, along with a moratorium period.

Margin for ICICI Bank Stand Up India Scheme

25% of total cost.

Interest Rate on ICICI Bank Stand Up India Scheme

Loan is available on attractive interest rates. Please contact the bank branch for the details.