Economy
2016
Government Schemes
Banking in India
With reference to ‘stand up India scheme’, which of the following statement is/are correct?
- Its purpose is to promote entrepreneurship among SC/ST and women
- It provides for refinance through SIDBI.
Select the correct answer using the code given below.
A.1 only
B.2 only
D.Neither 1 nor 2
C.Both 1 and 2
Correct Answer: Option C
The Stand-Up India Scheme aims to promote entrepreneurship among Scheduled Castes (SC), Scheduled Tribes (ST), and women entrepreneurs.
It mandates that at least two such projects be facilitated per bank branch.
The scheme also provides a refinance window through the Small Industries Development Bank of India (SIDBI), with an initial amount of Rs. 10,000 crore.
Statement 1 is correct. Statement 2 is correct. Hence, both statements 1 and 2 are correct.
Sources:
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