CURRENT AFFAIRS: NATIONAL NEWS
Central Govt extends ‘Stand Up India Scheme’ up to 2025
- The Government of India has extended the duration of ‘Stand Up India Scheme’ up to the year 2025, MoS for Social Justice and Empowerment Sushri Pratima Bhoumik.
- This scheme was launched by Prime Minister Narendra Modi on April 5, 2016.
- The objective of the ‘Stand Up India Scheme’ is to facilitate loans from Scheduled Commercial Banks (SCBs) of value between Rs 10 lakh and Rs 1 crore to at least one SC or ST borrower and one woman borrower per bank branch for setting up green field enterprise in manufacturing, service or trading sector.
