Over 1,10,019 loans extended since launch of 'Stand-Up India' scheme since its inception
- Press Information Bureau
- March 10, 2021
Over 1,10,019 loans have been extended since the launch of ‘Stand-Up India’ scheme as on 31.01.2021 since its inception and beneficiaries can get a loan of Rs. 10 lakh (US$ 13.62 thousand) to Rs. 1 crore (US$ 136.25 thousand) to start or increase their business.
This was stated by Mr. Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.
Giving more details, the Minister stated that Stand-Up India Scheme was launched by the Government on April 5, 2016 and subsequently extended up to the year 2025. The Scheme facilitates bank loans between Rs. 10 lakh (US$ 13.62 thousand) and Rs. 1 crore (US$ 136.25 thousand) to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower, per bank branch of Scheduled Commercial Banks (SCBs), for setting up greenfield enterprises in the manufacturing, services or the trading sectors.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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