Start up india 'scheme

Start up india 'scheme

Prime Minister of India Narendra Modi On April 5, 2016, Noida started the 'Start Up India' scheme and the website for the scheme. The scheme has been started for the development of entrepreneurship between persons belonging to Scheduled Castes and Scheduled Tribes and women, and loans to the tune of 10 lake to 1 crore will be provided to such entrepreneurs.

The main provisions of this scheme are as follows:

To start a new industry loans will be given to the extent of 10 lake to 1 crore rupees for the capital formation.

Loan amount deposited in the account using 'RuPay Debit Card' can be used.

"SIDBI" means small refinance facility has been provided under Small Industries Development Bank of India, which will provide a fund of Rs. 10,000 crores.

For the purpose of reducing the risks on the given debt, a fund of Rs. 5000 crore will be created under the National Credit Guarantee Trustee Company.

Stand-up India website has also been started for easy access to registration and affiliate services.

The scheme has been started to provide institutional credit to the specialized class for unorganized sector industries. The goal is to minimize the debt for at least two businesses from every scheduled bank branch. Offices of SIDBI and NABARD will be known as 'Stunt Up Connect' centers. As part of the financial inclusion initiated by Prime Minister Janhwan Yojana and Prime Minister Mudra Yojana, start up India and stand up India have been started.
Start up india 'scheme Start up india 'scheme Reviewed by S Current Affairs on January 07, 2019 Rating: 5
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