CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Government of India has extended the duration of the ‘Stand Up India Scheme’ up to which year?
A
2022
B
2030
C
2025
D
2050
Explanation: 

Detailed explanation-1: -Stand Up India scheme was extended till 2025. Out of the total sanctioned accounts, 6, 435 accounts belonged to ST borrowers with Rs 1373.71 crore sanctioned and 19, 310 accounts belonged to SC borrowers with Rs 3976.84 crore sanctioned. To 1, 08, 250 women entrepreneurs who held accounts, Rs.

Detailed explanation-2: -The loan is repayable in 7 years with a maximum moratorium period of 18 months.

Detailed explanation-3: -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.

Detailed explanation-4: -Stand-up India aims to promote entrepreneurship among women, Scheduled Castes (SC) and Scheduled Tribes (ST) categories, helping them to start a greenfield enterprise in manufacturing, services or the trading sector and activities allied to agriculture.

Detailed explanation-5: -In the Budget 2022-23, the government had allocated Rs 283.5 crore for the Startup India Seed Fund Scheme, which was higher than the Revised Estimates of about Rs 100 crore in the previous budget. The budgetary allocations for the Fund of Funds for Startups stood at Rs 1, 000 crore.

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