The government of India launched the Stand Up India scheme. The Scheme facilitates bank loans between.....and.....to at least one Scheduled Caste/Scheduled Tribe borrower and at least one Woman borrower per bank branch for setting up greenfield enterprises.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The government of India launched the Stand Up India scheme. The Scheme facilitates bank loans between____and____to at least one Scheduled Caste/Scheduled Tribe borrower and at least one Woman borrower per bank branch for setting up greenfield enterprises.

A	Rs. 10 lakh and Rs. 1 crore
B	Rs. 5 lakh and Rs. 50 crore
C	Rs. 20 lakh and Rs. 5 crore
D	Rs. 50 lakh and Rs. 10 crore

Explanation:

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: -Stand Up India Scheme’s launch date was on April 05, 2016. The government inaugurated the scheme to provide financial support to women and individuals from the SC and ST communities for setting up businesses. The Stand-Up India Scheme loan amount ranges from Rs. 10 Lakh to Rs.

Detailed explanation-3: -Stand-Up India was launched by the Government of India on 5 April 2016 to support entrepreneurship among women and SC & ST communities.

Detailed explanation-4: -The loan is repayable in seven years with a maximum moratorium period of 18 months.

Detailed explanation-5: -Features of Stand Up India Loan Scheme Quantum of loan-The loans provided under this scheme will range between the amounts of Rs 10 lakh and up to Rs 1 crore. the composite loan amount will cover 75% of the cost of the project. This includes the amount of working capital and the term loan.

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