Uttar Pradesh Leads in Stand-Up India Scheme, Public Sector Banks Drive Growth

Strategic Insights -

Uttar Pradesh has demonstrated exceptional success under the Stand-Up India scheme, with public sector banks playing a pivotal role in supporting new entrepreneurs, especially from Scheduled Castes (SC), Scheduled Tribes (ST), and women. The scheme provides loans between Rs 10 lakh and Rs 1 crore to promote entrepreneurship in these groups. Public sector banks in the state have approved 24,811 loans, with a significant number of beneficiaries receiving financial support worth `2,965 crore.

Key Takeaways:

  • Uttar Pradesh has emerged as the top-performing state under the Stand-Up India scheme, with public sector banks approving 24,811 loans as of 2025.
  • Public sector banks have disbursed loans worth `2,965 crore to 17,845 beneficiaries, with Lucknow ranking first among districts, both at the state and zonal level, with 1,291 beneficiaries receiving loans worth `242.23 crore.
  • Private and regional rural banks have lagged behind, with rural banks disbursing loans to only 1,873 beneficiaries and private banks sanctioning loans for just 493 out of 1,633 eligible applicants.
  • Of the 33,640 targeted cases, 28,625 have been approved, but only 20,214 loans have been disbursed, indicating a need for improvement in loan disbursement.
  • The Finance Ministry introduced key changes to the scheme in 2025, revising the subsidy from 25% to 15% and adding new sectors including Sericulture, beekeeping, agri-business, and food processing units.
  • Experts suggest that increasing private sector participation could further enhance the scheme's reach and impact.

Statistics:

  • 24,811 loans approved by public sector banks in Uttar Pradesh as of 2025
  • `2,965 crore worth of loans disbursed by public sector banks to 17,845 beneficiaries
  • 1,291 beneficiaries in Lucknow received loans worth `242.23 crore
  • 2,178 approved applications for rural banks, with only 1,873 beneficiaries receiving loans
  • 1,633 eligible applications for private banks, with only 493 borrowers receiving loans
  • 33,640 targeted cases, with 28,625 approved, but only 20,214 loans disbursed
  • Subsidy reduced from 25% to 15% in 2025
  • Four new sectors added to the scheme in 2025: Sericulture, beekeeping, agri-business, and food processing units

Sources:

  • Indian National Press (Bombay) Pvt. Ltd., distributed by Contify.com