Economics • Indian EconomyEasy
What does the 'Stand-Up India Scheme' primarily seek to promote?
A. Bank loans between 10 lakh and 1 crore rupees to at least one Scheduled Caste or Scheduled Tribe borrower and one woman borrower per bank branch for greenfield enterprises✓ Correct Answer
B. Immediate employment generation through rural public works
C. Subsidized solar power installation for agricultural tube wells
D. Digital payments adoption among street vendors
💡 Solution & Explanation
The Stand-Up India Scheme was launched by the central government to facilitate bank loans ranging between 10 lakh and 1 crore rupees to at least one Scheduled Caste or Scheduled Tribe borrower and one woman borrower per bank branch for greenfield enterprises. This policy aims to promote entrepreneurship among underserved sections at the grass-roots level. Unlike rural employment guarantee schemes, it focuses purely on industrial and service sector business startups. The scheme utilizes the SIDBI portal for facilitating loan applications.
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