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Welcome To IANS Live - BUSINESS - Govt sanctions over Rs 25K cr under 'Stand-Up India'


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New Delhi, April 4 (IANS) Centre has sanctioned an amount of Rs 25,586 crore under the Stand-Up India scheme to over 1.14 lakh accounts up to March 23 since the inception of the scheme.
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Update: 04-April-2021 ....

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Govt sanctions over Rs 25K cr under 'Stand-Up India'


Govt sanctions over Rs 25K cr under Stand-Up India
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Rupee. (File Photo: IANS). Image Source: IANS News
New Delhi, April 4 : Centre has sanctioned an amount of Rs 25,586 crore under the Stand-Up India scheme to over 1.14 lakh accounts up to March 23 since the inception of the scheme.
A total of Rs 3,335.87 crore has been sanctioned for 16,258 borrowers from the Scheduled Castes category under the schemed, followed by Rs 1,049.72 crore for the 4,970 borrowers in the Scheduled Tribes category, said an official statement.
Similarly, the government has sanctioned an amount of Rs 21,200.77 crore for 93,094 women borrowers under the scheme.
A total of Rs 25,586.37 has been sanctioned to 1,14,322 accounts. ....

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Banks sanctions Rs 25,586 cr to 114,322 Stand-Up India accounts in 5 years


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. ....

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Stand-Up India Scheme: More than ₹ 25,586 crore loans sanctioned in 5 years

Stand-Up India Scheme: More than ₹ 25,586 crore loans sanctioned in 5 years
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