Question : The Stand Up India scheme offers bank loans to entrepreneurs in which range?
Option 1: Rs. 10 lakh to Rs. 1 crore
Option 2: Rs. 1 crore to Rs. 10 crore
Option 3: Rs. 10,000 to Rs. 1 lakh
Option 4: Rs. 1 lakh to Rs. 10 lakh
Correct Answer: Rs. 1 lakh to Rs. 10 lakh
Solution : The correct answer is (d) Rs. 1 lakh to Rs. 10 lakh.
The Stand Up India scheme provides bank loans to entrepreneurs in the range of Rs. 1 lakh to Rs. 10 lakh. The primary objective of the scheme is to promote entrepreneurship and facilitate access to credit for women and Scheduled Caste (SC) or Scheduled Tribe (ST) entrepreneurs. The Stand Up India scheme aims to empower women and individuals from SC/ST communities by providing them with the necessary financial support to start their own businesses. The loans provided under this scheme are intended to enable these entrepreneurs to become self-reliant and create employment opportunities for themselves and others.
