As of April 2021, the ________ India scheme aims at providing people belonging to the scheduled caste or scheduled tribe or women of the country a loan between ₹10 lakhs to ₹1 crore, based on their requirement to promote entrepreneurship, which has been extended up to the year 2025.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Stand-up.
- As of April 2021, the Stand-up India scheme aims at providing people belonging to the scheduled caste or scheduled tribe or women of the country a loan between ₹10 lakhs to ₹1 crore, based on their requirement to promote entrepreneurship, which has been extended up to the year 2025.
- The Stand-Up India Scheme facilitates bank loans ranging from ₹10 lakh to ₹1 crore to support entrepreneurship among Scheduled Caste (SC) or Scheduled Tribe (ST) individuals and women.
-
The enterprise supported under the Stand-Up India Scheme may operate in the manufacturing, services, or trading sector.
-
In the case of non-individual enterprises (such as partnerships or companies), it is mandatory that at least 51% of the shareholding and controlling stake be held by either a Scheduled Caste (SC)/Scheduled Tribe (ST) or a woman entrepreneur.