INSUBCONTINENT EXCLUSIVE:
More than one crore beneficiaries have been given loans under Stand Up India schemeThe Stand Up India scheme, which was announced by the
till June 28, 2021 worth Rs 26,000 crore, since its inception.According to official figures, a total of 1,16,266 persons have been given
and in order to incentivise greater number of new businesses, the margin money requirement for loans under the scheme was also reduced from
25 per cent to 15 per cent
This was announced in the Union Budget for 2021-22.Under this scheme, for setting up a green field enterprise, loans from scheduled
woman borrower per bank branch.The Government encourages green field projects especially in the sectors of manufacturing, services
However it does not allocate funds for loans under the scheme.Loans under the scheme are extended by banks as per commercial parameters,
corpus of Credit Guarantee Fund for Stand Up India.
