Current Affairs · Stand-Up India Scheme
Regarding the Stand-Up India Scheme for promoting entrepreneurship among SC/ST and Women, evaluate the following statements: 1. Eligible beneficiaries can obtain bank loans between ₹10 Lakh and ₹1 Crore for setting up a greenfield enterprise. 2. Loans under Stand-Up India are exclusively restricted to manufacturing and service sectors, excluding trading activities completely. 3. The scheme targets setting up at least one SC/ST borrower and at least one Woman borrower per bank branch. 4. Collateral requirement is completely waived by law for all Stand-Up India loans up to ₹1 Crore without credit guarantee backing. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only✓
- 22 and 4 only
- 31, 2 and 3 only
- 43 and 4 only
Correct answer
1 and 3 only
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