UPSC General Studies Solved Paper - General Studies-2016

  • question_answer
    With reference to 'Stand Up India Scheme', which of the following statements is/are correct?
    1. Its purpose is to promote entrepreneurship among 8C/ST and women entrepreneurs.
    2. It provides for refinance through SIDBI. Select the correct answer using the codes given below

    A)  Only 1             

    B)  Only 2

    C)  Both 1 and 2    

    D)         Neither1nor 2

    Correct Answer: C

    Solution :

    Exp. [c] Prime Minister Narendra Modi has launched the Stand-up India scheme aimed at providing credit to Scheduled Castes (SO Scheduled Tribes (ST), and women borrowers in the non-farm sector. The scheme is intended to promote entrepreneurship among SC/ST and women and further give a push to government's financial inclusion programme. The broad features of the scheme are as follows ? Composite loan between 7 10 lakh rupees and upto71crore will be provided to SC/ST and women and also inclusive of working capital component for setting up any new enterprise. ? Debit Card (Rupay) for withdrawal of working capital. Credit history of borrower to be developed of these under banked sections of society. ? Refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of 710,000 crore. ? Creation of a corpus of 75,000crore for credit guarantee through National Credit Guarantee Trustee Company (NCGTC). ? Handholding support for borrowers with comprehensive support for pre loan training needs, facilitating loan, factoring, marketing, etc.

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