The Stand-Up India scheme was launched in April 2016 with the aim of providing financial assistance to women and SC/ST entrepreneurs to set up greenfield enterprises in the manufacturing, trading, or services sector. The scheme offers bank loans between Rs. 10 lakh and Rs. 1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a new enterprise. The scheme also provides handholding support and knowledge dissemination through various means.
The Start-Up India scheme was launched in January 2016 with the aim of fostering entrepreneurship and promoting innovation by creating a favorable ecosystem for startups in India. The scheme offers various benefits and incentives to startups, including tax exemptions, self-certification, and funding support through various government schemes. The scheme also provides easy access to funding, incubation, and mentorship support for startups. Additionally, the scheme also aims to simplify the regulatory framework for startups and make it easier for them to do business in India.
Overall, both these schemes aim to encourage entrepreneurship and promote job creation in the country by providing financial and other forms of support to entrepreneurs and startups.
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