Stand-Up India scheme: Centre sanctions Rs.40,700 Cr to 1,80,630 accounts in 7 yrs
On Wednesday on the occasion of the ‘Stand-Up India’ scheme completing seven years Finance Minister Nirmala Sitharaman said that the Centre has sanctioned more than Rs.40,700 crore to over 1,80,630 accounts under the Stand-Up India Scheme in the last seven years.
The Stand-Up India Scheme was launched on April 5, 2016, to promote entrepreneurship at the grassroots level focusing on economic empowerment and job creation. This scheme has been extended up to the year 2025.
Sitharaman said, “Stand-Up India scheme is an important milestone in promoting entrepreneurship among SC, ST, and women.”
The scheme was launched to address the challenges the SC, ST, and women entrepreneurs face while setting up businesses or greenfield enterprises in manufacturing, services, or the trading sector and agriculture-related activities.
“The scheme has created an ecosystem which facilitates and continues to provide a supportive environment for setting up green field enterprises through access to loans from bank branches of all scheduled commercial banks,” the Finance Minister added.
[With Inputs from IANS]
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