1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs. |
2. It provides for refinance through SIDBI. |
A) 1 only
B) 2 only
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :
(i) Prime Minister launched the 'Stand up India Scheme' aimed at promoting entrepreneurship among Scheduled Castes/Scheduled Tribes and women by giving loans in the range of Rs. 10 lakh to Rs. 1 crore for setting up a new enterprise. There would be a Rs. 10,000 crore refinance window through Small Industries Development Bank of India (SIDBI) and the National Credit Guarantee Trustee Company Ltd (NCGTC) will create a corpus of Rs. 5,000 crore. |
(ii) Both statements are correct as per: Press Information Bureau (PIB) Government of India Ministry of Finance/03-April-2016. |
You need to login to perform this action.
You will be redirected in
3 sec