Categories: Schemes

GoI extends ‘Stand Up India Scheme’ up to 2025

The Government of India has extended the duration of the ‘Stand Up India Scheme’ up to the year 2025. The scheme was launched by the Prime Minister on 05 April 2016 to facilitate loans to Scheduled Caste, Scheduled Tribe and women borrowers, to promote entrepreneurship among them.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

About the scheme:

The scheme offers bank loans to women and SC & ST communities to encourage them in setting up a greenfield enterprise, outside of the farm sector, that is in the manufacturing, services or trading sector.
A total of 1,16,266 loans amounting to Rs. 26204.49 crore has been extended under the Scheme since its inception. The loan under Stand Up India Scheme is extended by Scheduled Commercial Banks (SCBs) between Rs. 10 lakh and Rs.1 Crore.

Find More News Related to Schemes & Committees

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.