The ‘Stand up India Scheme’, launched in April 2016, facilitates bank loans to Scheduled Caste/Scheduled Tribe and Women Entrepreneurs for starting new ventures in manufacturing, services or trading sectors. The scheme mandates all branches of scheduled commercial banks in India to lend to at least one woman and one SC/ST entrepreneur.
Key features:How FineTrain Can Help:
If you are thinking about a new venture, now is the time to start. FineTrain can assist you in identifying locally available opportunities that can be converted into viable businesses. We can help you with:
- Comprehensive, real-time information on local opportunities
- Assessing viability of specific opportunity
- Facilitating connections to sector experts and/or professionals who can help you in implementing your plans
Write to us: email@example.com
Call us: 800 888 4932
Visit us: www.finetrain.com
 Scheduled commercial banks are those banks which are included in the 2nd schedule of the RBI Act, 1934, these include both public sector and private sector banks. Currently there are 71 scheduled commercial banks. You can get a list of these banks on //www.bcsbi.org.in/LOM_ScheduledCommercial.html
 MCLR is the base rate of bank for a particular tenor of loan, for example In July 2016, SBI’s MCLR for one month tenor loan and 3 year tenor loan was 9 per cent and 9.30 per cent respectively.