What is the primary objective of the 'Standup India' initiative?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. to facilitate bank loans for SC/ST and women entrepreneurs.
The primary objective of the StandUp India initiative is to facilitate bank loans for SC/ST and women entrepreneurs to promote entrepreneurship among marginalised groups. Launched in 2016, it provides loans ranging from ₹10 lakh to ₹1 crore for greenfield enterprises in non-farm sectors.
Other Options Explained:
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Boosting manufacturing – Covered under schemes like Make in India, not Stand Up India.
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Promoting digital transactions – Linked to Digital India, not this initiative.
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Supporting all startups – Startup India focuses on broader startup growth, while Stand Up India targets specific communities.