Union Minister of State for Finance & Corporate Affairs has stated in rajya sabha that over 1,10,019 loans have been extended since the launch of ‘Stand up India’ scheme as on 31st January, 2021.
Further, the Minister stated that the Scheme facilitates bank loans between Rs 10 lakh and Rs 1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower, per bank branch of Scheduled Commercial Banks (SCBs), for setting up greenfield enterprises in the manufacturing, services or the trading sectors.
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