Stand Up India Scheme

(GS Paper 2, Welfare Schemes for Vulnerable Sections

Source- The Hindu)

Context-

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.

-Khyati Khare

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