Union Cabinet approves Stand Up India Scheme

Q.  Which scheme did the Union Cabinet approve on 6th January 2016 for promoting entrepreneurship among SC, ST and women entrepreneurs?
- Published on 08 Jan 16

a. Make in India
b. Stand Up India
c. Digital India
d. Invent in India

ANSWER: Stand Up India
 
Union Cabinet on 6th January 2016 approved the Stand Up India Scheme for promoting entrepreneurship among SC, ST and Women entrepreneurs. Scheme will work to facilitate two projects per bank branch for one category of entrepreneur each. This will be benefiting 2.5 lakh borrowers. This provides a refinance window through SIDBI with initial amount of INR 10,000 crore. It will also create a guarantee mechanism through National Credit Guarantee Trustee Company or NCGTC. The focus will be on handholding support for SC, ST and women borrowers.

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