On 5th April 2016, The Stand-up India scheme was launched by the Indian government. On 5th April 2022, it completed six years.
Why was this scheme launched?
This scheme was launched by the central government with the aim of encouraging entrepreneurship from the grass-root level so that job creation and economic empowerment can be fostered especially among the ST, SC, and women entrepreneurs of the country.
Accomplishments of this scheme
- Under this scheme over 1.33 lakh new job-creators and entrepreneurs have been facilitated.
- Over 1 lakh women entrepreneurs have been benefited under this scheme in the last six years.
- Under this scheme, Rs. 30,160 crores have been sanctioned by the government to a total of 1,33,995 accounts up to 21st March 2022.
- Out of the total sanctioned accounts, 6,435 accounts belonged to ST borrowers with Rs 1373.71 crore sanctioned and 19,310 accounts belonged to SC borrowers with Rs 3976.84 crore sanctioned.
- To 1,08,250 women entrepreneurs who held accounts, Rs. 24809.89 crore has been sanctioned.