The Government does not allocate funds under the Stand Up India Scheme as loans under this Scheme are extended by lending institutions as per their Board approved policy and extant guidelines. This was stated by Union Minister of Stat for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Rajya Sabha today.
However, the Minister stated, an amount of Rs. 1,100 crore has been released so far since inception of the Scheme to National Credit Guarantee Trustee Company Ltd. (NCGTC), a wholly owned company of Government of India, towards the corpus of the Credit Guarantee Fund for Stand Up India (CGFSI).
The Minister stated that details of SC/ST and women beneficiaries under the Stand-Up India Scheme from the year 2019-20 till 23.11.2021, including State-wise is in Annexure.