New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following statement is true about Stand Up

    India Scheme?
    A The Government of India has extended the duration of 'Stand Up India Scheme' up to the year 2030. Correct Answer Incorrect Answer
    B It was launched in 2018 Correct Answer Incorrect Answer
    C The offices of SIDBI and NABARD shall be designated Stand-Up Connect Centres (SUCC) Correct Answer Incorrect Answer
    D Loans under the scheme are available for Greenfield projects and Brownfield projects. Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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.  

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