Stand Up India Loan Scheme: A plan designed to start a new project or business. To promote employment opportunities and economic empowerment.
Stand Up India Loan Scheme: In 2016, the Stand Up India Loan Scheme was launched by the Modi government to provide financial help to the entrepreneurs of the lower classes of the country. Under this scheme, the government provides loans ranging from Rs 10 lakh to Rs 1 crore for business. The benefit of the scheme is being extended to backward classes, scheduled castes, tribes and women entrepreneurs.
It is believed that they are not capable enough to expand or give direction to their business. The plan is designed to start a new project or business. To promote employment opportunities and economic empowerment.
