With reference to stand up India scheme, which of the following statement is/are correct? 1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs. 2. It provides for refinance through SIDBI. Select the correct answer using the co

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Q: 1 (IAS/2016)
With reference to stand up India scheme, which of the following statement is/are correct?
1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
2. It provides for refinance through SIDBI.
Select the correct answer using the code given below.

question_subject: 

Current Affairs

question_exam: 

IAS

stats: 

0,163,109,74,23,163,12

keywords: 

{'india scheme': [0, 0, 0, 2], 'sidbi': [0, 0, 0, 1], 'entrepreneurship': [0, 0, 0, 7], 'women entrepreneurs': [0, 0, 0, 1], 'refinance': [0, 0, 0, 1]}

The correct answer is "Both 1 and 2".

Stand-Up India is a scheme launched by the Government of India in 2016 to promote entrepreneurship among women and marginalized sections of society, including Scheduled Castes (SC) and Scheduled Tribes (ST).

Statement 1 is correct as one of the main purposes of the Stand-Up India scheme is to promote entrepreneurship among SC/ST and women entrepreneurs.

Statement 2 is also correct as the scheme provides for refinance through Small Industries Development Bank of India (SIDBI). The scheme provides for refinancing of loans up to Rs. 10 lakhs (Rs. 1 million) to SC/ST and women entrepreneurs, and loans are provided through banks.

Therefore, the correct answer is "Both 1 and 2".