13 Mar Stand Up India Scheme
Posted at 13 Mar 2021 in Current Affairs 0 Comments
(GS Paper 2, Welfare Schemes for Vulnerable Sections
Source- The Hindu)
The Government has informed the Lok Sabha about the implementation of the Stand Up India Scheme. More than 81% of the accounts under the stand up India scheme belongs to women entrepreneurs
About the Scheme-
- It was launched in 2016 by the Department of Financial Services, Ministry of Finance.
- Its objective was to facilitate bank loans for setting up a new enterprise in manufacturing, services, agriculture allied activities or the trading sector by the SC/ST/Women entrepreneurs
- It provides bank loans between Rs 10 Lakhs to Rs 1 crore.