With reference to ‘stand up India scheme’, which of the following statement is/are correct?
1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
2. It provides for refinance through SIDBI.

Select the correct answer using the code given below.

1 only

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2 only

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Both 1 and 2

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None of the above

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Solution

The correct option is C Both 1 and 2
The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. SIDBI has formulated a Special Refinance Scheme to Banks for extending assistance under Stand-Up India.

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Which of the above is/are correct?

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(1) Women (2) Scheduled Caste

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Select the correct answer using the code given below:

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With reference to ‘stand up India scheme’, which of the following statement is/are correct? 1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs. 2. It provides for refinance through SIDBI. Select the correct answer using the code given below.

With reference to ‘stand up India scheme’, which of the following statement is/are correct?
1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
2. It provides for refinance through SIDBI.

Select the correct answer using the code given below.