Question
Which of the following statement is true about Stand Up
India Scheme?Solution
The Government of India has extended the duration of 'Stand Up India Scheme' up to the year 2025. Launched in 2016. It seeks to promote entrepreneurship at the grass-root level of economic empowerment and job creation. The offices of SIDBI and NABARD shall be designated Stand-Up Connect Centres (SUCC). Loans under the scheme are available for only Greenfield projects. The objective of the scheme is To facilitate loans from Scheduled Commercial Banks (SCBs) of value between Rs 10 lakh and Rs 1 crore to at least one SC or ST borrower and one woman borrower per bank branch for setting up green field enterprises in manufacturing, service or trading sector. Â
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