The ‘Stand-Up India Scheme’ is related to which one of the following issues?
[amp_mcq option1=”Social security during old age” option2=”Providing technical knowhow to young, educated or skilled workers from rural areas” option3=”Promoting entrepreneurship amongst women, SC and ST communities” option4=”Insurance cover to people in the age group of 18-50 years” correct=”option3″]
This question was previously asked in
UPSC CAPF – 2022
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.