Friday, Sep 22, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Sidbis Standup Mitra Portal Records Over 96000 Loan Sanctions

SIDBI’s ‘Standup Mitra’ portal records over 96,000 loan sanctions

The portal, developed by Sidbi, was launched in April 2016 to extend online financial assistance to the unserved and underserved segment of the society without the need of visiting any bank branch

By PTI
Published Date - 07:51 PM, Tue - 27 October 20
SIDBI’s ‘Standup Mitra’ portal records over 96,000 loan sanctions
The portal, developed by Sidbi, was launched in April 2016 to extend online financial assistance to the unserved and underserved segment of the society without the need of visiting any bank branch
whatsapp facebook twitter telegram

Mumbai: The Small Industries Development Bank of India (Sidbi) on Tuesday said its ‘Standup Mitra’ portal has recorded over 96,000 loan sanctions worth over Rs 21,000 crore as of September end.

The portal, developed by Sidbi, was launched in April 2016 to extend online financial assistance to the unserved and underserved segment of the society without the need of visiting any bank branch, and apply for loan online under the Stand-Up India scheme.

The Standup Mitra portal “has successfully recorded more than 96,000 loan sanctions worth more than Rs 21,000 crore as on September 30, 2020,” Sidbi said in a release. The Stand-Up India scheme aims to ensure access to unserved/underserved segments of women and scheduled castes (SC) and scheduled tribes (ST) across the country by providing them financial assistance starting from Rs 10 lakh to Rs 1 crore for setting up greenfield enterprises.

“We are happy that nearly a lakh of aspirants have opted to set up their new enterprises under Stand-Up India,” Sidbi Deputy Managing Director V Satya Venkata Rao was quoted as saying in the release. He said Sidbi is undertaking steps such as supporting Swavalamban Sankalp, a nationwide mega campaign through the Dalit Indian Chamber of Commerce and Industry (DICCI), which represents mainstreaming mission of SC/ST segments.

Swavalamban Sankalp envisages boosting penetration of Stand-Up India scheme and providing opportunities to aspiring SC/ST entrepreneurs to start their entrepreneurial journey to become Swavalambi — job giver as against job seeker.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


Telangana Today Whatsapp
  • Follow Us :
  • Tags
  • DICCI
  • loan online
  • Rs 1 crore
  • Rs 10 lakh

Related News

  • Sidbi to raise Rs 10,000 crore from rights issue next fiscal

    Sidbi to raise Rs 10,000 crore from rights issue next fiscal

  • Karimnagar: DICCI team visits Dalit Bandhu units in Huzurabad

    Karimnagar: DICCI team visits Dalit Bandhu units in Huzurabad

  • Telangana programmes aim at poverty alleviation, creating opportunities: KTR

    Telangana programmes aim at poverty alleviation, creating opportunities: KTR

  • TReDS will help improve cash flows of MSMEs

    TReDS will help improve cash flows of MSMEs

  • Biliti Electric gets financing nod from SIDBI

    Biliti Electric gets financing nod from SIDBI

  • SIDBI joins hands with Telangana govt to develop MSME ecosystem

    SIDBI joins hands with Telangana govt to develop MSME ecosystem

Latest News

  • Cartoon: September 22, 2023

    6 hours ago
  • Opinion: Case against new Constitution

    6 hours ago
  • Editorial: Silent killer

    6 hours ago
  • Railways sets up 2 committees to review maintenance of tracks, rolling stock

    6 hours ago
  • Do not give platform to persons charged with serious crimes, terrorism: Govt to TV channels

    6 hours ago
  • Powerful Panghal wins World bronze and quota for Paris Olympics

    6 hours ago
  • Viswajit bowls HCA Academy to victory at HCA C Division one-day league

    6 hours ago
  • Maharashtra govt has taken ‘positive lead’ on Dhangar quota issue, says Dy CM Fadnavis

    6 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam