Centre extends ‘Stand Up India Scheme’ up to 2025

Current GK ( Master) Giovernment Schemes

The Government of India has extended the duration of ‘Stand Up India Scheme’ up to the year 2025.
The scheme was launched by the Prime Minister on 05 April, 2016 to facilitate loans to Scheduled Caste, Scheduled Tribe and women borrowers, to promotes entrepreneurship among them.
The scheme offers bank loans to women and SC & ST communities for to encourage them in setting up a green field enterprise, outside of the farm sector, that is in manufacturing, services or trading sector.
A total of 1,16,266 loans amounting to Rs. 26204.49 crore has been extended under the Scheme since its inception.
The loan under Stand Up India Scheme are extended by Scheduled Commercial Banks (SCBs) between Rs. 10 lakh and Rs.1 Crore.