Question : Which policy aims to promote entrepreneurship and self-employment in India?
Option 1: Make in India
Option 2: Start-up India
Option 3: Skill India
Option 4: Stand-up India
Correct Answer: Stand-up India
Solution : The correct answer is (d) Stand-up India
Stand-up India is a government initiative launched in 2016 with the objective of promoting entrepreneurship among women and individuals from marginalized communities. The policy aims to facilitate bank loans between 10 lakh and 1 crore rupees to Scheduled Caste (SC), Scheduled Tribe (ST), and women entrepreneurs for starting new ventures or expanding existing ones.
Under the Stand-up India scheme, banks are encouraged to provide loans for setting up greenfield enterprises, which are new ventures in the manufacturing, services, or trading sectors. The policy also provides support in terms of skill development, mentorship, and handholding to empower entrepreneurs from disadvantaged sections of society.
The goal of Stand-up India is to create a conducive environment for entrepreneurship, encourage self-employment, and promote economic empowerment among SC, ST, and women entrepreneurs. It is part of the government's broader efforts to foster inclusive economic growth and reduce socio-economic disparities in the country.
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