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Sunday, April 3, 2016

‘Stand up India’ Scheme - Prime Minister Narendra Modi will launch ‘Stand up India’ today Monday April 04,2016

 
Prime Minister Narendra Modi will launch ‘Stand up India’, the government’s flagship scheme to promote entrepreneurship among Scheduled Caste/Schedule Tribe and women for loans in the range of ₹10 lakh to ₹100 lakh. 

Prime Minister Narendra Modi will also launch a web portal for the scheme. 

The aim is to leverage the institutional credit structure to reach out to these underserved sectors of the population by facilitating bank loans in the non-farm sector set up by such SC, ST and women borrowers, a statement from the Ministry of Finance said. 

The initiative will also develop synergies with ongoing schemes of other departments. The process would be led by SIDBI with involvement of Dalit Indian Chamber of Commerce and Industry (DICCI) and various sector-specific institutions all over the country. 

The offices of SIDBI and National Bank for Agriculture and Rural Development (Nabard) shall be designated as Stand Up Connect Centres (SUCC). The scheme will entail a composite loan in the range of ₹10 lakh to ₹100 lakh. 

The ‘Start-up India Stand Up India’, scheme which Prime Minister Narendra Modi mentioned in the 2015 Independence Day address will be the government’s New Year gift to the young people who want to set up new businesses or innovative projects, Modi said in his ‘Mann ki Baat’ programme on December 27,2015
 

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