PM Narendra Modi is going to launch the Stand Up India scheme on 5th April 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.