Explanation:

Let’s break this down:

- The Stand-Up India scheme started in 2016 to help SC/ST and women entrepreneurs set up new—what they call—“Greenfield” businesses.

- Loans are given for brand new manufacturing, services, trading businesses, or even activities related to agriculture.

- What’s important is the eligible loan amount. It starts at Rs. 10 Lakh and goes up to Rs. 1 Crore.

- The scheme is meant to encourage financial inclusion and real, on-the-ground entrepreneurship among groups that often face extra hurdles.

- Option 1 (Rs. 25 Lakh) and Option 2 (Rs. 50 Lakh) fall short; Option 4 (Rs. 1.5 Crore) and Option 5 (Rs. 2 Crore) go way beyond the cap.

- The correct upper limit is Option 3: Rs. 1 Crore.

So, you nailed it.