Govt sanctions over Rs 25K cr under 'Stand-Up India' schemetext_fields
New Delhi: An amount of Rs 25,586 crore has been sanctioned by the centre under the 'Stand-Up India' scheme to over 1.14 lakh accounts up to March 23 since the inception of the scheme.
A total of Rs 3,335.87 crore has been sanctioned for 16,258 borrowers from the Scheduled Castes category under the scheme, followed by Rs 1,049.72 crore for the 4,970 borrowers in the Scheduled Tribes category, said an official statement.
Similarly, the government has sanctioned an amount of Rs 21,200.77 crore for 93,094 women borrowers under the scheme.
Stand-up India scheme was launched by the Government of India on April 5, 2016, to promote entrepreneurship amongst women, Scheduled Castes (SC) and Scheduled Tribes (ST) categories, and thereby ensure economic empowerment and job creation.
The scheme - which has now been extended up to 2025- facilitates bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services, trading sector or activities allied to agriculture.