The Standup India scheme was launched on April 5, 2015.

The main objective of the Standup India scheme is to promote entrepreneurship among women and SC, ST and OBC communities.

Under the Standup India scheme, loans up to Rs. 1 crore are provided to entrepreneurs from women and SC, ST and OBC communities.

The interest rate on loans provided under the Standup India scheme is 1%.

The repayment period for loans provided under the Standup India scheme is 7 years.

Under the Standup India scheme, both training in entrepreneurship skills and mentorship from experienced entrepreneurs are provided.

The Standup India scheme is open to women entrepreneurs and SC, ST and OBC entrepreneurs.

The maximum age limit for entrepreneurs applying under the Standup India scheme is 45 years.

The minimum educational qualification required for entrepreneurs applying under the Standup India scheme is Class 10th pass.

The maximum number of loans that can be sanctioned under the Standup India scheme is 1.

As of March 2023, the total amount of loans sanctioned under the Standup India scheme is Rs. 1 lakh crore.

As of March 2023, over 10 lakh entrepreneurs have been benefited from the Standup India scheme.

The Standup India scheme has contributed over Rs. 10 lakh crore to the Indian economy.

The Standup India scheme faces challenges such as lack of awareness about the scheme, lack of access to finance, and lack of training and mentorship.

The future plans for the Standup India scheme include expanding the scheme to all entrepreneurs, increasing the loan amount under the scheme, and providing more training and mentorship to entrepreneurs.