Access the website through Swavalamban Connect Kendra’s portal. The portal is best viewed with Internet Explorer 10+ or the latest version of Google Chrome or Mozilla Firefox on a desktop / laptop & all hand-held devices.

Apart from linking prospective borrowers to lenders for loans, the web portal also provides handholding support through a network of agencies engaged in application filling/ report preparation, financial training, skill development, mentoring, entrepreneurship development programmes, work shed and subsidy schemes.

The beneficiaries could be walk-in customers for a bank, online applicants or trainees from various government and non-government agencies engaged in providing vocation training, Entrepreneurship Development Programs, Financial training etc.

Presently, registration on the Portal is free of cost.

The portal provides access to both financial (1.25 lakh lender branches) and non financial services (17000+ handholding agencies) with three distinct features viz. (i) seek handholding support; (ii) select and apply for loans to preferred banks; (iii) enable faster loan processing. Further, New age lenders viz. Fintechs, NBFCs, Small Finance Banks, MFIs are being on-boarded on the platform for enhancing the flow of credit to MSMEs.

Virtual market is a place provided in dashboard for all stakeholders where all online loan applications aggregate and lenders are able to pick up any applications and process.

Dashboard is a user interface providing facility to view activities being carried out through the portal, available on real time basis. Dashboard would facilitate generation of reports for analytics.

The dashboard provides a Do-It-Yourself (D-I-Y) tool for MSMEs to help them to understand of their business-health and to assess their creditworthiness. This tool is used to provide the organization with a Credit Score, thus making them aware of applicant’s financial status in the business arena.

You may contact your preferred lender/ handholding agency through messaging module available on portal.

The portal allows submission of additional documents to the Bank even after submission of loan application. In order to do so, visit dashboard, wherein a link to submit the additional documents has been provided next to your application number.

Presently, there are three broad categories of lending institutions: Banks/SFBs:This includes public sector, private sector, foreign banks, small finance banks and regional rural banks. One can choose a bank. Choosing bank branch is important when one is applying for loan under Stand Up India. NBFCs:Non Banking Financial Companies licensed by RBI who have significant presence in MSME domain Fintechs,who lay high thrust in technology and speed of delivery.

Fintech is the intersection of financial services and technology and brings innovation to every area of financial services. Fintechs use technology to define and make financial systems a lot more efficient, effective and inclusive. Fintech Companies in India are gradually increasing their presence in MSME lending operations. Fintech has the potential to have an impact on the entire value chain of MSME lending by reducing costs, minimising risks and enhancing financial access for MSMEs. The Government’s encouragement of start-up activity and financial inclusion is fuelling the Fintech revolution in India. Fintechs are being boarded as lenders on udyamimitra portal.

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act engaged in the business of loans and advances towards MSMEs, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company). NBFCs are being boarded as lenders on udyamimitra portal.