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

    Question

    Offices of __________ are designated as Stand-Up

    Connect Centres to arrange the support that is needed under the Stand Up India Scheme.
    A NABARD Correct Answer Incorrect Answer
    B SIDBI Correct Answer Incorrect Answer
    C RBI Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer
    E a, b & c Correct Answer Incorrect Answer

    Solution

    Stand Up India   Launched in 2016 for facilitating credit to SC/ST and Women entrepreneurs •                    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: o   Directly at the branch o   Through Stand-Up India Portal (www.standupmitra.in) o   Through the Lead District Manager (LDM)   Features •                    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. •                    Refinance window through SIDBI with an initial amount of Rs. 10,000 Crores. •                    Offices of SIDBI & NABARD are designated as Stand-Up Connect Centres to arrange the support that is needed.

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