Rs 24,985 Crore Loan Extended Under ‘Stand Up India’ Scheme


Union Minister of State for Finance & Corporate Affairs has informed that as on 2nd March, 2021, a total of 1,11,619 loans amounting to Rs 24,985.27 crore have been extended under the Stand Up India Scheme since its inception.

The objective of the Scheme is to facilitate loans from Scheduled Commercial Banks (SCBs) of value between Rs 10 lakh and Rs 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one woman borrower per bank branch for setting up a greenfield enterprise in manufacturing, services or trading sector.

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