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    Question

    Consider the following statements:

    >I. The Stand Up India scheme was launched by Prime Minister Narendra Modi on 5th April 2016. II. It facilitates loans to Scheduled Caste, Scheduled Tribe, and women borrowers for setting up a greenfield enterprise in manufacturing, services, or trading sector. III. In 2019-20, the Stand Up India scheme was extended till 2030. Which statement/statements is/are not correc t?
    A only I Correct Answer Incorrect Answer
    B only II Correct Answer Incorrect Answer
    C only III Correct Answer Incorrect Answer
    D All I,II and III Correct Answer Incorrect Answer
    E All statements are correct. Correct Answer Incorrect Answer

    Solution

    The sixth anniversary of the Stand Up India scheme was celebrated on 05 april. Over 30 thousand 160 crore rupees have been sanctioned under Stand Up India Scheme to more than 1 lakh 33 thousand 995 accounts since inception of the Scheme. The Stand Up India scheme was launched by Prime Minister Narendra Modi on 5th April 2016. It facilitates loans to Scheduled Caste, Scheduled Tribe, and women borrowers for setting up a greenfield enterprise in manufacturing, services, or trading sector. Stand Up India Scheme was launched to promote entrepreneurship at grass-roots level focusing on economic empowerment and job creation. The objective of the Stand Up India Scheme is to facilitate loans between 10 lakh and one crore rupees to at least one Scheduled Caste or Scheduled Tribe borrower and one woman borrower per bank branch. In 2019-20, the Stand Up India scheme was extended till 2025.

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