Question
With reference to ‘stand up India scheme', which of the following statement is/are correct?Its purpose is to
1. promote entrepreneurship among SC/ST and women entrepreneurs.
2. It provides for refinance through SIDBI.
Select the correct answer using the code given below.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer:
C
To suggest corrections, send feedback using feedback button in top menu.
To suggest corrections, use feedback icon on top menu.
Explanation:
The "Stand Up India" scheme is an initiative launched by the Government of India to promote entrepreneurship among SC/ST (Scheduled Castes/Scheduled Tribes) and women entrepreneurs. The scheme aims to provide financial support and facilitate bank loans between the range of ₹10 lakh to ₹1 crore for setting up new enterprises.
Regarding the second statement, the scheme does provide for refinance through SIDBI (Small Industries Development Bank of India). SIDBI plays a crucial role in refinancing the loans provided by scheduled commercial banks under the Stand Up India scheme.