Question map
The 'Stand-Up India Scheme' is related to one of the following issues?
Explanation
The 'Stand-Up India Scheme' was launched by the Government of India on April 5, 2016, with the primary objective of promoting entrepreneurship at the grassroots level [1]. Specifically, the scheme focuses on supporting individuals from Scheduled Castes (SC), Scheduled Tribes (ST), and women communities [3]. It facilitates bank loans ranging from ₹10 lakh to ₹1 crore to at least one SC or ST borrower and at least one woman borrower per bank branch for setting up greenfield enterprises in the manufacturing, services, or trading sectors [6]. Beyond financial assistance, the scheme provides a digital platform for handholding support, including pre-loan assistance and operational guidance [5]. By targeting these underrepresented groups, the initiative aims to foster economic empowerment, job creation, and inclusive growth through business ownership [3].
Sources
- [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 12: Indian Industry > STAND-UP INDIA > p. 401
- [3] https://wep.gov.in/seher-access-finance?slug=funding
- [6] https://www.startupindia.gov.in/content/sih/en/women_entrepreneurs.html
- [5] https://www.pib.gov.in/PressReleasePage.aspx?PRID=1913705