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      Question

      Who has the primary responsibility for the Stand Up

      India Scheme?
      A State Bank of India Correct Answer Incorrect Answer
      B Small Industries Development Bank of India Correct Answer Incorrect Answer
      C NABARD Correct Answer Incorrect Answer
      D EXIM Bank Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Stand Up India Scheme facilitates bank loans between 10 lakh and 1 crore to at least one scheduled caste (SC) or Scheduled Tribe, borrower, and at least one woman per bank branch for setting up a greenfield enterprise. This enterprise may be in the manufacturing, services, or trading sector. In the case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.  SIDBI has the primary responsibility for the said scheme

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