Union Budget to Unveil Stand-Up India II: Higher Loan Limits for Entrepreneurs

• The Union Budget on February 1 is expected to launch Stand-Up India II, an upgraded version of the existing scheme.
• Stand-Up India II will likely increase the maximum loan limit from Rs 1 crore to up to Rs 2 crore.
• The revamp aims to expand credit access for very small, first-generation businesses, and support job creation.
• The scheme targets Scheduled Caste (SC), Scheduled Tribe (ST), and women entrepreneurs for greenfield enterprises.
• Since its launch in 2016, the Stand-Up India scheme has sanctioned over Rs 61,020 crore by March 2025, significantly increasing participation among target groups.

Why It Matters: Stand-Up India II will boost entrepreneurial growth by offering higher loans, expanding reach for SC, ST, and women.