With reference to 'Stand Up India Scheme', which of the following statements is/are correct?
- 1.Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
- 2.It provides for refinance through SIDBI.
Select the correct answer using the code given below.
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Answer: C. Statement 1 is correct: Stand-Up India (2016) gives bank loans of Rs 10 lakh to Rs 1 crore to SC/ST and women entrepreneurs for new enterprises. Statement 2 is correct: refinance is provided through SIDBI. So both 1 and 2.
Watch for: Students mix up Stand-Up India with Start-Up India, which targets all start-ups.
Why the other options are wrong
- A. Wrong because the scheme does provide refinance through SIDBI.
- B. Wrong because promoting SC/ST and women entrepreneurs is its main purpose.
- D. Wrong because both statements are correct.
Source to check: Department of Financial Services, Stand-Up India scheme guidelines, 2016 (standupmitra.in); PIB release, 5 April 2016
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.