(a) whether a large number of people have been benefited since the launch of ‘Stand up India’ scheme under which beneficiaries can get a loan of Rs. 10 lakh to Rs. one crore to start or increase their business; and
(b) if so, the details thereof including the number of such beneficiaries since its implementation, State-wise including the State of Goa?
(MINISTER OF STATE IN THE MINISTRY OF FINANCE)
(a) to (b): Stand Up India Scheme was launched by the Government on 5th April, 2016. The Scheme facilitates bank loans between Rs. 10 lakh and Rs. 1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower, per bank branch of Scheduled Commercial Banks (SCBs), for setting up greenfield enterprises in the manufacturing, services or the trading sectors. Over 91,959 loans have been extended under the Scheme as on 16.03.2020 since inception of the Scheme. State-wise details of loans extended under the Scheme, as on 16th March, 2020, is placed at the Annexure.