Stand Up India Scheme: Expected key features
PM Narendra Modi is going to launch the Stand Up India scheme on 5th April┬á in Noida. The main focus of this scheme will be to provide cheap and affordable loans to women and SC/ST entrepreneurs.
The key features of this scheme will be:
- The scheme will be implemented through banks and 1.25 lakh bank branches will process the loan at the least applicable interest rates.
- Every bank branch (both private and public bank) will provide loans between Rs.10 lakh to 1 Crore to at least one SC/ST and one woman entrepreneur.