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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) Eligibility • SC/ST and/or woman entrepreneurs, above 18 years of age • In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur • Borrower should not be in default to any bank/financial institution • Minimum 10% of the project cost to be borne by the borrower
On whose birth anniversary is National Doctor’s Day observed in India on July 1st?
Which city hosted the World Telecommunication Standardization Assembly (WTSA) 2024 for the first time in India and the Asia-Pacific?
Which of the following terms refers to a place inhabited by scholars proficient in the Vedas?
Who has been appointed as the 38th Chief Justice of the High Court of Jammu & Kashmir and Ladakh?
For book-built issues opening on or after April 1, 2022, SEBI said ________ of the portion available to NIIs will be reserved for applicants with applic...
Which of the following is not matched correctly?
Who received the Devadasi National Award in 2007 for her contributions to Kuchipudi dance?
Who was the first Governor of Madhya Pradesh?
Rosh Hashanah is celebrated as the New Year in which religion?
The Reserve Bank of India has expanded its foreign ties with which of the following international banks?