{"id":1872,"date":"2024-03-30T01:01:31","date_gmt":"2024-03-29T19:31:31","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1872"},"modified":"2024-04-03T07:09:35","modified_gmt":"2024-04-03T01:39:35","slug":"q-with-reference-to-stand-up-india-scheme-which-of-the-following-statements-is-are-correct","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-stand-up-india-scheme-which-of-the-following-statements-is-are-correct","title":{"rendered":"Q.\u00a0With reference to \u2018Stand Up India Scheme\u2019, which of the following statements is\/are correct?"},"content":{"rendered":"\n<ol class=\"wp-block-list\">\n<li>Its purpose is to promote entrepreneurship among SC\/ST and women entrepreneurs.<\/li>\n\n\n\n<li>It provides for refinance through SIDBI,<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Select the correct answer using the code given below.<\/p>\n\n\n\n<ul class=\"mcq wp-block-list\">\n<li>1 only<\/li>\n\n\n\n<li>2 only<\/li>\n\n\n\n<li>Both 1 and 2<\/li>\n\n\n\n<li>Neither 1 nor 2<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer:<\/strong>&nbsp;<strong>(c) Both 1 and 2<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"standup-india-scheme\">Stand-Up India Scheme:<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stand up India Scheme was<strong>&nbsp;launched by Ministry of Finance on 5<sup>th<\/sup>&nbsp;April 2016<\/strong>&nbsp;to promote entrepreneurship at grassroot level focusing on economic empowerment and job creation.<\/li>\n\n\n\n<li>This scheme has been extended up to the year 2025.<\/li>\n\n\n\n<li><strong>Purpose:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Promote entrepreneurship<\/strong>&nbsp;amongst&nbsp;<strong>women<\/strong>,&nbsp;<strong><a href=\"https:\/\/lotusarise.com\/welfare-of-scheduled-castes-and-scheduled-tribes-upsc\/\">Scheduled Caste<\/a>&nbsp;(SC)&nbsp;and&nbsp;Scheduled Tribe (ST)&nbsp;category.<\/strong><\/li>\n\n\n\n<li>Provide loans for<strong>&nbsp;greenfield enterprises<\/strong>&nbsp;in manufacturing, services or the trading sector and activities allied to agriculture.<\/li>\n\n\n\n<li>Facilitate bank loans between&nbsp;<strong>Rs.10 lakh and Rs.100 lakh to at least one SC\/ST<\/strong>&nbsp;borrower and at least&nbsp;<strong>one-woman<\/strong>&nbsp;borrower per bank branch of Scheduled Commercial Banks.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Facilitates Bank Loans:<\/strong>\n<ul class=\"wp-block-list\">\n<li>The scheme aims to encourage all bank branches in extending loans. The desiring applicants can apply under the scheme:\n<ul class=\"wp-block-list\">\n<li>Directly at the branch or,<\/li>\n\n\n\n<li>Through Stand-Up India Portal (www.standupmitra.in) or,<\/li>\n\n\n\n<li>Through the Lead District Manager (LDM).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Eligibility for a Loan:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>SC\/ST<\/strong>&nbsp;and\/or<strong>&nbsp;women entrepreneurs,<\/strong>&nbsp;above<strong>&nbsp;18 years<\/strong>&nbsp;of age.<\/li>\n\n\n\n<li>Loans under the scheme are available for&nbsp;<strong>only green field projects<\/strong>. Green field signifies, in this context, the first-time venture of the beneficiary in manufacturing, services or the trading sector and activities allied to agriculture.<\/li>\n\n\n\n<li>In case of non-individual enterprises,<strong>&nbsp;51% of the shareholding<\/strong>&nbsp;and controlling stake should be held by either SC\/ST and\/or Women Entrepreneur.<\/li>\n\n\n\n<li>Borrowers should&nbsp;<strong>not be in default<\/strong>&nbsp;to any bank\/financial institution.<\/li>\n\n\n\n<li>The Scheme envisages<strong>&nbsp;\u2018up to 15%\u2019 margin money<\/strong>\u00a0which can be provided in convergence with eligible Central\/State schemes.\n<ul class=\"wp-block-list\">\n<li>In any case, the borrower shall be required to bring in a&nbsp;<strong>minimum of 10 %<\/strong>&nbsp;of the project cost as own contribution.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Select the correct answer using the code given below. Answer:&nbsp;(c) Both 1 and 2 Stand-Up India Scheme:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[57],"class_list":["post-1872","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-57"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":57,"label":"2016"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1872"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1872\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1872"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}