Which of the following statement is are true about Stand Up India Scheme 1 Government of India launc...........

Finance (Phase -I & II) Financial Inclusion

Which of the following statement is/are true about Stand Up India Scheme?

1.Government of India launched the Stand Up India scheme on 5th April, 2014.

2.The scheme is operational and the loan is being extended through Scheduled Commercial Banks across the country.

3. Stand Up India Scheme facilitate bank loans between 10 lakh and 1 crore to atleast one scheduled caste (SC) or Scehduled Tribe, borrower and atleast one women per bank branch for setting up a greenfield enterprise.

4. In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur

only 1 & 2

only 2 & 3 & 4

All 1,2 ,3 & 4

2& 3

1& 3 on

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Explanation:

Government of India launched the Stand Up India scheme on 5th April, 2016. The Scheme facilitates bank loans between Rs.10 lakh and Rs.1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one Woman borrower per bank branch for setting up greenfield enterprises. This enterprise may be in manufacturing, services or the trading sector. The scheme which is being implemented through all Scheduled Commercial Banks is to benefit at least 2.5 lakh borrowers. The scheme is operational and the loan is being extended through Scheduled Commercial Banks across the country.