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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