In a big push to entrepreneurship, the Union cabinet on approved 'Stand Up India' scheme . Under Stand up India scheme, Rs 10 lakh to Rs 1 crore will be provided as loan to them for new ventures.
Under the ‘Stand Up India’ scheme, banks will give loans at the “least applicable rate” of interest.
“Every bank branch, including private sector, will give loans between Rs 10 lakh and 1 crore to at least one SC/ST and one woman entrepreneur under the scheme.
Under Stand up India the government aims to achieve the target of at least 2.5 lakh approvals in three years from the launch of the scheme.
Under Stand up India the government aims to achieve the target of at least 2.5 lakh approvals in three years from the launch of the scheme.
A credit guarantee mechanism would also be set up through the National Credit Guarantee Trustee Company (NCGTC) to support the scheme. Loans under the Stand Up India scheme will range between Rs 1 lakh and Rs 1 crore.
The Stand Up India campaign is different from the Start Up India campaign…Start Up India is for new entrepreneurs but Stand Up India is a proposal restricted only to scheduled caste, scheduled tribe and women entrepreneurs.
Under the ‘Stand Up India’ scheme, banks will give loans at the “least applicable rate” of interest.
“Every bank branch, including private sector, will give loans between Rs 10 lakh and 1 crore to at least one SC/ST and one woman entrepreneur under the scheme.
Under Stand up India the government aims to achieve the target of at least 2.5 lakh approvals in three years from the launch of the scheme.
Under Stand up India the government aims to achieve the target of at least 2.5 lakh approvals in three years from the launch of the scheme.
A credit guarantee mechanism would also be set up through the National Credit Guarantee Trustee Company (NCGTC) to support the scheme. Loans under the Stand Up India scheme will range between Rs 1 lakh and Rs 1 crore.
The Stand Up India campaign is different from the Start Up India campaign…Start Up India is for new entrepreneurs but Stand Up India is a proposal restricted only to scheduled caste, scheduled tribe and women entrepreneurs.
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