{"id":7633,"date":"2016-01-08T12:16:52","date_gmt":"2016-01-08T12:16:52","guid":{"rendered":"https:\/\/www.edristi.in\/?p=7633"},"modified":"2016-01-08T12:16:52","modified_gmt":"2016-01-08T12:16:52","slug":"cabinet-approves-stand-up-india-scheme","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/cabinet-approves-stand-up-india-scheme\/","title":{"rendered":"Cabinet approves Stand Up India Scheme"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Ques: Union Cabinet allocated the initial budget for \u201cStand Up India Scheme&#8221; of-<\/strong><\/p>\n<p style=\"text-align: justify;\">(a) 10,000 crore<\/p>\n<p style=\"text-align: justify;\">(b) 20,000 crore<\/p>\n<p style=\"text-align: justify;\">(c) 25,000 crore<\/p>\n<p style=\"text-align: justify;\">(d) 30,000 crore<\/p>\n<p style=\"text-align: justify;\"><strong>Ans (a)<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Related facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On January 6, 2016 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi approved the \u201cStand Up India Scheme\u201d to promote entrepreneurship among SC\/ST and Women entrepreneurs.<\/li>\n<li>The Scheme is intended to facilitate at least two such projects per bank branch.<\/li>\n<li>The expected date of reaching the target of at least 2.5 lakh approvals is 36 months from the launch of the Scheme.<\/li>\n<li>Refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of Rs. 10,000 crore.<\/li>\n<li>Creation of a credit guarantees mechanism through the National Credit Guarantee Trustee Company (NCGTC).<\/li>\n<li>Handholding support for borrowers both at the pre loan stage and during operations.<\/li>\n<li>This would include increasing their familiarity with factoring services, registration with online platforms and e-market places as well as sessions on best practices and problem solving.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>The details of the scheme are as follows:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Focus is on handholding support for both SC\/ST and Women borrowers.<\/li>\n<li>The overall intent of the approval is to leverage the institutional credit structure to reach out to these under-served sectors of the population by facilitating bank loans repayable up to 7 years and between Rs. 10 lakh to Rs. 100 lakh for Greenfield enterprises in the non farm sector set up by such SC, ST and Women borrowers.<\/li>\n<li>The loan under the scheme would be appropriately secured and backed by a credit guarantee through a credit guarantee scheme.<\/li>\n<li>For which Department of Financial Services would be the settler and National Credit Guarantee Trustee Company Ltd. (NCGTC) would be the operating agency.<\/li>\n<li>Margin money of the composite loan would be up to 25%. Convergence with state schemes is expected to reduce the actual requirement of margin money for a number of borrowers.<\/li>\n<li>Over a period of time, it is proposed that a credit history of the borrower be built up through Credit Bureaus.<\/li>\n<li>The &#8220;Start up India Stand up India&#8221; initiative was announced by the Prime Minister in his address to the nation on 15th August, 2015.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference<\/strong><\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=134220\">http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=134220<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ques: Union Cabinet allocated the initial budget for \u201cStand Up India Scheme&#8221; of- (a) 10,000 crore (b) 20,000 crore (c) 25,000 crore (d) 30,000 crore Ans (a) Related facts: On January 6, 2016 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi approved the \u201cStand Up India Scheme\u201d to promote entrepreneurship among SC\/ST [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1143],"tags":[],"class_list":["post-7633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pp"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/7633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=7633"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/7633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/7623"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=7633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=7633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=7633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}