With reference to ‘Stand Up India Scheme’, which of the following statements is/are correct?
- Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
- It provides for refinancing through SIDBI.
Select the correct answer using the code given below.
Detailed Explanation:
✅ Statement 1 – Correct: Stand Up India Scheme aims to promote entrepreneurship among SC/ST and women by facilitating bank loans between ₹10 lakh to ₹1 crore per branch for setting up greenfield enterprises.
✅ Statement 2 – Correct: The scheme provides for a refinance window through SIDBI (Small Industries Development Bank of India) with an initial corpus of ₹10,000 crore to support lending institutions.
Question 28 of 36 Central Schemes
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