BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs. 10 lakh to 10 crores
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Rs. 1 lakh to 1 crores
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Rs. 10 lakh to 1 crores
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None of the above
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Detailed explanation-1: -Stand-Up India Scheme facilitates bank loans between Rs 10 lakh and Rs 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 or the trading sector.
Detailed explanation-2: -Composite loan (inclusive of term loan and working capital) between 10 lakh and upto 100 lakh. For setting up a new enterprise in manufacturing, services, agri-allied activities or the trading sector by SC/ST/Women entrepreneur.
Detailed explanation-3: -Margin Money-While this scheme operates under the assumption that 25% of the margin money for the project will be provided by other state/central government schemes which provide subsidies, the loan applicant is expected to contribute a minimum of 10% of the cost of the project from their own funds.
Detailed explanation-4: -Amount or percentage of subsidy: Towards organizing the awareness programmes, the Government of India will provide financial support to the extent of 75% of the actual expenditure, subject to maximum Rs.75, 000/-per programme (Average cost of one programme is expected to be Rs. 80, 000).
Detailed explanation-5: -Repayment. The loan is repayable in seven years with a maximum moratorium period of 18 months.