Stand Up India Scheme
Question
With reference to 'Stand Up India Scheme', which of the following statements is/are correct?
- 1.
Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
- 2.
It provides for refinance through SIDBI.
Options
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Explanation
The Stand Up India Scheme, launched in 2015, aims to promote entrepreneurship among disadvantaged sections of society, specifically SC/ST and women entrepreneurs. Statement 1 is correct: the scheme's primary purpose is to encourage entrepreneurship in these target groups by providing bank loans for new ventures. Statement 2 is correct: the scheme provides for refinance of loans through SIDBI (Small Industries Development Bank of India). Banks provide loans of Rs. 10 lakhs to Rs. 1 crore to eligible SC/ST and women entrepreneurs, and SIDBI provides refinance support to participating banks. Both statements accurately describe key features of the Stand Up India Scheme. > Key point: Stand Up India = SC/ST + Women entrepreneurs + SIDBI refinance support. Answer: (c).
Question details
Year
2016
Paper
GS Paper 1
Question
Q26
Subject
Economy
Sub-topic
Government Schemes for Entrepreneurship
Type
Statement-based
Difficulty
Easy
Nature
Static
Source hint
Current Affairs 2015-2016; Government Schemes
See all questions on Government Schemes for Entrepreneurship
Browse every tagged question across all years