PM Shri Narendra Modi announced the “Start up India Stand up India” initiative in his address to the nation on 15th August, 2015. The Stand up India component is anchored by Department of Financial Services (DFS) to encourage green field enterprises by SC/ST and Women entrepreneurs.
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, on 6th January 2016 approved the “Stand Up India Scheme” to promote entrepreneurship among SC/ST and Women entrepreneurs.
The expected date of reaching the target of at least 2.5 lakh approvals is 36 months from the launch of the Scheme.
“The Scheme is intended to facilitate at least two such projects per bank branch, on an average one for each category of entrepreneur. It is expected to benefit at-least 2.5 lakh borrowers.”
The details of the scheme are as follows:
The Stand Up India Scheme provides for:
Hola! If you haven't heard this quote yet, take a moment to read it here.…
"Think good an good follows. Think evil and evil follows. Think creative and creativity will…
Better late than never! Apologies for the delay in responding, but I'm here now to…
By providing accurate information, context, promoting critical thinking, raising awareness, connecting global and local issues,…
Current affairs coverage often showcases stories of individuals and communities making a positive impact. Q1.…
Current affairs coverage helps individuals understand the interconnectedness of global and local events. It shows…