SIDBI’s Standup Mitra Portal, set up under GOI’s Stand-Up India scheme, reaches over 96,000 loan sanctions

The Standup Mitra Portal, which was set up by Small Industries Development Bank of India (SIDBI), under the guidance of the Department of Financial Services, Ministry of Finance, to pioneer national mission of Stand-Up India has successfully recorded more than 96,000 loan sanctions worth more than Rs 21,000 crore as on September 30, 2020. The portal 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.

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