The Government’s new initiative is Stand Up India. The inauguration of Stand Up India scheme will be in April 2016. Narendra Modi’s Stand Up India is aimed to promote entrepreneurship. Stand Up India aimed to provide a loan to a SCs/STs, and the other to a woman entrepreneur.
According to some sources, India’s PM Narendra Modi had held many meetings with bankers and senior finance ministry officials for this programme. Under the Stand Up India, there loan range will be from Rs 1 lakh to Rs 1 crore. The Stand Up India will turn to women into job creators. The plans for Stand Up India is on final stage now. Your loan will be secured under this scheme.
An official said that, “The scheme will benefit at least 2.5 lakh borrowers and the main focus will be on women entrepreneurs including those from SC/ST backgrounds. As per the initial estimate, the expected date of reaching the target of at least 2.5 lakh approvals is 36 months from the launch of the scheme.”
According to its officials that, “Women would be provided with proper training on entrepreneurship. For this, government might take assistance of private existing women entrepreneurs. The aspirants will be informed about the challenges in starting a business. They will also be taught about the respective sectors they are interested in. There will be different sessions for different sectors of businesses.”
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