Question
Which of the following Government Scheme was launched
with an aim for facilitating credit to SC/ST and Women entrepreneurs?Solution
Stand Up India: Launched in 2016 for facilitating credit to SC/ST and Women entrepreneurs The scheme covers all branches of Scheduled Commercial Banks. Bank loans between Rs.10 lakh and Rs. 1 crore to SC/ ST borrower and woman borrower for setting up a greenfield enterprise. The scheme provides financial assistance (funded /non-funded) for working capital, acquisition of fixed assets in manufacturing, services or retail sector. Loan may be secure by collateral security or at the guarantee of Credit Guarantee Fund for Stand-Up India Loans (BGFSIL) as decided by the banks. The scheme, which covers all branches of Scheduled Commercial Banks, can be accessed in three potential ways: ·                    Directly at the branch ·                    Through Stand-Up India Portal (www.standupmitra.in) ·                    Through the Lead District Manager (LDM)
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