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What is Objectives of Standup india scheme

By IndianMoney , 1 year ago

The main objective of the Stand-Up India scheme is to promote entrepreneurship in India, especially among women, SC and ST communities. This scheme was launched after identifying the difficulties faced by the Scheduled Caste, Scheduled Tribes, and women entrepreneurs while starting new businesses, procuring loans, and other services. Under this scheme, bank loans between Rs 10 lakh and Rs 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch will be provided for setting up a new business.

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