Stand up India Funding Scheme: - Unleash your Entrepreneurial Spirit
Step 2: Our team will call to understand your requirement.
Step 3: We will initiate the work after payment of advance professional fees.
- The Application Form – You have to fill up this form either on the web portal or app of Stand-up India.
- Start-up Plan – This is a detailed document specifying your proposed business plan and other details about your entrepreneurial venture.
- Patents (if applicable) – If you’re introducing a new product in the market, you should submit the license for it granted by the Trademark office of India.
AKT loan experts help you in preparing each of the documents mentioned above.
Loans under Standup India are provided only to individuals who comply with the following criteria:
- Must be over 18 years of age.
- Must belong to a Scheduled Caste or Tribe or is a woman.
- Funding is provided only for greenfield projects, meaning it’s the first entrepreneurial venture of the applicant.
- If it’s not sole ownership, then at least 51% of the shareholding must be held by a woman or an individual who belongs to the SC/ST community.
- The applicant must not have defaulted on any other bank/NBFCs loans.
- It’s an excellent opportunity for women entrepreneurs and SC/ST community members to make their entrepreneurship dreams come true.
- The handholding support provided helps first-time entrepreneurs get expert assistance and training.
- The interest rate is the lowest applicable rate of banks.
- The scheme is available at all scheduled branches of commercial banks in India.
- You can avail up to 75% of the total cost of the business as a loan.
- We support you every step of the way.
- We ensure that you get the required funding at the best rates in the market.
- We handle all documentation right from filling the application form to submitting the business proposal.
- We charge the most competitive fees in the market.
- We have an extensive team of professionals who handle all the legal and technical aspects of the process.
Standup India Scheme – A Primer
The Standup India Scheme was introduced by the Honorable Prime Minister of India, Narendra Modi on August 15th, 2015. The scheme was officially launched on the 125th birth anniversary of Dr. Babasaheb Bhimarao Ambedkar. It provides funding for women, or individuals belonging to the SC/ST community to start their own business. Under this scheme, individuals can apply for loans from 10lakhs to 1crore. Apart from providing the funding, the programme also includes training and other support to borrowers to launch their business.
Here, at AKT Associates, we provide assistance every step of the way, right from portal registration. You have to enter a few key metrics like your location, category (SC/ST/Woman), nature of the proposed business, place available for the business, assistance for the preparation of project plan, Skills Training (Financial and Technical), Bank Account Details, Initial Capital and previous business experience.
Based on your response, the portal directs you an authorized bank. Our financial experts here at AKT then help you with approaching the bank and till the sanction of the loan under Standup India Scheme.
Why Choose AKT Associates?
Here at AKT, we provide excellent assistance to each one of our customers. Right from checking your eligibility to submitting your business plan and availing the funding, we help you each step of the way.
We know that as a startup, finances are tight. This is why we complete the entire project at a minimal time, thereby saving you both time and money.
With 1900+ clients all over the country, we have handled businesses of all sizes from startups to MNCs. So, we provide you with the best support that matches your specific requirements.
Let It Clear The Confusion
What is the rate of interest charged on loans availed under this scheme?
The Interest Rate charged is Minimum Marginal rate applicable will be charged.
What is the repayment tenure?
The Repayment period can be maximum up-to 7 years with 18 month morotorium period. However the composite loan repayment period will be limited to nature of activity and life of asset purchased from Loan
How is the Standup India Scheme different from Start-up India?
Standup India scheme is targeted for Women and ST/SC entroprenuers who are willing to start thier first project in Manufacturing, Trading and services sector, Whereas Start up India Project is to promote innovative enterprises by giving them tax exemption and helping them to qualify for funding options created by SIDBI and other private venture funds.
I am a housewife, and I have completed a “Beautician Course.” Can I apply for a loan under this scheme to open my beauty parlour?
Yes you can be eligible for funding.
What will be role of AKT Associate?
We will be providing end to end support from preparing required documents to follow up till loan is approved for a fixed fees.
How much fees will be charged ?
Our Fees will depend on level of engagement and fund requirement of entity.
Why to go thorugh AKT Associates and not directly approach the Bank?
There is several reason for that, the bank needs projections of business and need to understand that you are capable of making business successful and repaying of loans, these financial projections will be prepared by us along with our team will also explain the same to bank officials, Time to time follow up and quickly providing required documents and information, can increase you chance of getting loan and that too quickly. At a small fees we carge which ranges from Rs/- 5000 to Rs/- 15000 makes more sense to go through us.
Which are area of service you are providing currently?
We are serving Mumbai, Navi mumbai and Panvel area, soon we are going to expand these services to other areas as well.
Why AKT Associates
We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.
Experience- That Matters
At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand
Efficiency-That reflects in everything
With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently
Cost- That saves a Lot
We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.
Conveniences-That says a Lot
The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.