Which scheme was launched to promote entrepreneurship among SC and ST communities?
Show answer & explanation
Correct answer: C
Explanation
Answer: Stand-Up India
Explanation: The scheme launched specifically to promote entrepreneurship among SC/ST communities and women entrepreneurs is the Stand-Up India Scheme.
It was launched in 2016 by the Government of India.
It aims to provide bank loans between ₹10 lakh to ₹1 crore to:
Scheduled Caste (SC) entrepreneurs
Scheduled Tribe (ST) entrepreneurs
Women entrepreneurs
Purpose: Encourage greenfield enterprises (first-time businesses)
Promote financial inclusion and self-employment
Additional Key Points:
Stand-Up India loans are provided through scheduled commercial banks
At least one SC/ST borrower per bank branch is targeted
Loan can be used for manufacturing, services, or trading activities
Promotes inclusive growth and job creation
Potential Exam-Oriented Questions & Answers:
Question: Which communities are primarily targeted under Stand-Up India?
Answer: SC, ST, and women
Question: What is the loan range under Stand-Up India?
Answer: ₹10 lakh to ₹1 crore