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How is the Stand-Up India Scheme different from Start Up India Scheme?

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How is the Stand-Up India Scheme different from Start Up India Scheme?
posted Jan 10, 2018 by Shamita

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Start-up India and Stand-up India are both initiatives by the government to usher in entrepreneurship.
“Stand Up India Scheme” is to promote entrepreneurship among SC/ST and Women entrepreneurs. Whereas Start Up India scheme is to promote new ventures/initiatives.

Some features of Stand up India are as follows:
- The scheme is a part of Start-up India, Stand up India slogan to encourage entrepreneurial projects.
- The scheme will facilitate two entrepreneurial projects on an average one for each category (Women and SC/ST) of entrepreneurs per bank branch.
- The scheme will provide financial aid through SIDBI with an initial amount of Rs 10,000 crore.
- A credit guarantee system would also be implemented under the scheme through the National Credit Guarantee Trustee Company (NCGTC), which will act as the operating agency for financial aids.
- The scheme will also familiarise the entrepreneurs with factoring services, e-market places and registration with online platforms and other aspects of web entrepreneurship.

Features of Start-Up India are as below:

  • Single Window Clearance with the help of a mobile application
  • 10,000 crore fund of funds
  • 80% reduction in patent registration fee
  • Modified and more friendly Bankruptcy Code to ensure 90-day exit window
  • Eliminating red tape
  • Self-certification compliance
  • Innovation hub under Atal Innovation Mission
  • Encourage entrepreneurship
answer Jan 11, 2018 by Ati Kumar
Great article. Learned something unique and yet relatable; system focused vs goal focused mindset. Truly celebrating the journey to our big goals will make this journey a worthwhile. I also wrote an article that describes the benefits of this success habit: https://assccl.com/
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