Union Cabinet has approved the “Stand Up India Scheme” to promote entrepreneurship among SC/ST and Women entrepreneurs. Under this, the government aims to achieve the target of at least 2.5 lakh approvals in three years from the launch of the scheme.
- It envisages reaching out to under-served sectors of the population by facilitating bank loans repayable up to 7 years and between 10 lakh to Rs. 1 crore forGreenfield enterprises in the non-farm sector set up by such SC, ST andWomen borrowers.
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