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Stand-Up India Scheme

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    7th Apr, 2021

Context:

Government launched stand up India Scheme to promote entrepreneurship among women, Scheduled Castes (SC) & Scheduled Tribes (ST)

About the Scheme :

  • The scheme is a project of the Department of Financial Services (DFS), Ministry of Finance.
  • It aids bank loans between Rs 10 lakh and Rs 1 Crore to a minimum of one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and a minimum of one woman borrower per bank branch for setting up a greenfield enterprise.
  • This enterprise could also be in manufacturing, services or the trading sector.
  • In the case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either an SC/ST or a woman entrepreneur.
  • Loans under the scheme are available for less than Greenfield projects.