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Entrepreneurs availed over 29.55 crore loans of Rs. 15.52 lakh crore under Pradhan Mantri Mudra Yojana (PMMY) since 2015 indiaeducationdiary.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaeducationdiary.in Daily Mail and Mail on Sunday newspapers.
May 2, 2021 Share In India, it is observed that challenges have often weighed down entrepreneurs, especially women or members from the Schedule Caste/Schedule Tribe communities who wanted to acquire a loan to start their own undertaking. Nevertheless, a noble initiative, “the Stand-Up India Scheme,” was launched by Prime Minister Narendra Modi in April 2016, which addresses these difficulties experienced by the SC/ST communities and women. The Stand-Up India Scheme intends to encourage entrepreneurship among women and SC/ST members. The initiative is moored by the Department of Financial Services (DFS), Ministry of Finance, Government of India. The Scheme offers monetary help (funded/non-funded) for working capital and procurement of fixed resources in manufacturing, services, or retail sectors. It provides “bank loans between Rs 10 lakh and Rs 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower at least one women borrower for e ....
Banks sanctions Rs 25,586 crore to 1.14 lakh Stand-Up India accounts in 5 years freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
: 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. ....