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Banks sanctioned Rs 25,586 cr to 1 14 lakh Stand-Up India accounts in 5 years: Finance Ministry

: Monday, April 5, 2021, 5:40 PM IST Banks sanctioned Rs 25,586 cr to 1.14 lakh Stand-Up India accounts in 5 years: Finance Ministry The Finance Ministry on Sunday said banks have sanctioned Rs 25,586 crore to about 1,14,322 beneficiaries under the Stand-Up India Scheme in the last five years for promoting entrepreneurship among women and SC & STs. The objective of Stand-Up India is to promote entrepreneurship amongst women, Scheduled Castes (SC) & Scheduled Tribes (ST) categories, to help them in starting a greenfield enterprise in trading, manufacturing and services sector, by both ready and trainee borrowers, the Finance Ministry said in a statement. Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks.

Banks sanction Rs 25,286 crore to 1 14 lakh Stand-Up India beneficiaries in 5 years

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