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The start-up ...

Question

The start-up scheme provides loans to entrepreneurs of the Scheduled Caste and Scheduled Tribes as well as women. Such loan range from

A

Rs. 1 lakh to Rs. 10 lakh

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B

Rs. 10 lakh to Rs. 1 Crore

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C

Rs. 10 lakh to Rs. 50 lakh

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D

Rs. 10 lakh to Rs. 1.5 Crore

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Solution

The correct option is B Rs. 10 lakh to Rs. 1 Crore
The Start up India scheme facilitates bank loans between 10 lakh and 1 crore to at least one schedule caste or schedule tribe borrower and at least one woman borrower per bank branch for setting up a green field enterprise. This enterprise may be manufacturing,trading or service.

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