About 1.40 Crore Grant Distributed In Pune Division Under Stand Up India scheme

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Pune, 10th July 2021: Under the Stand Up India Scheme, 1.40 crore grants have been distributed to 19 new entrepreneurs in the Pune division, informed Balasaheb Solanki, Regional Deputy Commissioner, Social Welfare Department.


The Central Government has announced the Stand Up India Scheme in the year 2015. A total of 51 applications have been received from the Pune division under this scheme in the current financial year. Out of these, 19 completed proposals (applications) were scrutinized by the Pune Regional Deputy Commissioner for Social Welfare and recommended to the Commissioner of Social Welfare for sanction of financial assistance.


Accordingly, except Pune and Solapur districts, a grant of Rs 1,40,87000 has been sanctioned to these applicants. In this, 9 applicants from Satara district were given a grant of Rs 55.25 lakh, 9 applicants from Sangli district were given the grant of Rs 73.3 lakh and Rs 12. 59 lakh given to two applicants from Kolhapur district.


In this scheme, the government has decided to provide margin money for the Scheduled Castes and the elements of the neo-Buddhist community. Accordingly, under the Central Government’s Stand Up Scheme, the beneficiaries of Scheduled Castes and Neo-Buddhists who are eligible for concessions in the State of Maharashtra but cannot pay margin money, so in this case, 15% grant is being given by the Social Justice Department of the State Government after paying 10% self-share and the bank approves 75% loan to the applicant under Stand up India scheme.


The amount of subsidy is distributed to the applicant by cheque. The rest of the applicants have been informed about the errors in their proposals. Solanki has also appealed to the entrepreneurs belonging to the Scheduled Castes and Neo-Buddhists to submit the maximum number of applications for this scheme