Which of the following is the objective of the Standup India Scheme?

To promote startups

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To generate employment

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To facilitate bank loans to small enterprises

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To facilitate bank loans to the vulnerable

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Solution

The correct option is D To facilitate bank loans to the vulnerable
The Standup India Scheme was launched on 5 April 2016 to facilitate bank loans between ₹10 lakh and ₹1 crore to at least one borrower from a scheduled caste or tribe and one woman borrower per bank branch for setting up a greenfield enterprise or new enterprise.

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