BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Make in India initiative
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The Innovative India imitative
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The Start Up India initiative
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The Stand Up India initiative
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Detailed explanation-1: -Micro-entrepreneurship, defined as small-scale business ownership, plays a critical role in driving economic growth and development at the grassroots level. These small businesses provide employment opportunities and contribute to the development of local economies.
Detailed explanation-2: -The Stand up India scheme aims at promoting entrepreneurship among women and scheduled castes and tribes. The scheme is anchored by Department of Financial Services (DFS), Ministry of Finance, Government of India.
Detailed explanation-3: -Stand Up India aims to empower every Indian and enable them to be independent. The programme recognises challenges faced by the Scheduled Caste (SC), Scheduled Tribe (ST) and women entrepreneurs in setting up enterprises, obtaining loans and other support needed from time to time for succeeding in business.
Detailed explanation-4: -Besides primary security, the loan may be secured by collateral security or guarantee of Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL) wherever applicable. Repayment: The loan is repayable in 7 years with a maximum moratorium period of 18 months.