CURRENT AFFAIRS

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.

Detailed explanation-2: -Scheme summary: The Scheme aims at facilitating Technology Upgradation of Micro and Small Enterprises by providing 15% capital subsidy [ceiling of 15 lakh] on institutional finance availed by them for induction of well-established and improved technology in approved sub-sectors/products.

Detailed explanation-3: -Stand Up India Scheme facilitate bank loans between 10 lakh and 1 crore to atleast one scheduled caste (SC) or Scehduled Tribe, borrower and atleast one women per bank branch for setting up a greenfield enterprise.

Detailed explanation-4: -Employment has been generated for more than 2, 000 youth under the Scheme. Several entrepreneurial success stories have come out in the District by means of Stand-up India Scheme. Disbursement of loan is hassle-free and loans are disbursed within 15-20 days from the date of application.