The ‘Stand-Up India Scheme’ is related to which one of the following i

The ‘Stand-Up India Scheme’ is related to which one of the following issues?

Social security during old age

Providing technical knowhow to young, educated or skilled workers from rural areas

Promoting entrepreneurship amongst women, SC and ST communities

Insurance cover to people in the age group of 18-50 years

Answer is Right!

Answer is Wrong!

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UPSC CAPF – 2022

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The ‘Stand-Up India Scheme’ was launched by the Government of India on April 5, 2016. Its objective is to promote entrepreneurship among women, Scheduled Castes (SC), and Scheduled Tribes (ST) communities by facilitating bank loans for setting up a greenfield enterprise (first-time venture) in manufacturing, services, or the trading sector.

The scheme facilitates loans between ₹10 lakh and ₹1 Crore. Each bank branch is mandated to facilitate at least one SC or ST borrower and at least one woman borrower to set up a greenfield enterprise.

Other schemes address the issues mentioned in the other options. For example, schemes like the National Social Assistance Programme (NSAP) relate to social security, and the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) provides insurance cover.

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