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Question : The Stand Up India scheme offers bank loans to entrepreneurs in which range?

Option 1: Rs. 10 lakh to Rs. 1 crore
   

Option 2: Rs. 1 crore to Rs. 10 crore
 

Option 3: Rs. 10,000 to Rs. 1 lakh

  

Option 4: Rs. 1 lakh to Rs. 10 lakh


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Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Rs. 1 lakh to Rs. 10 lakh


Solution : The correct answer is (d) Rs. 1 lakh to Rs. 10 lakh.

The Stand Up India scheme provides bank loans to entrepreneurs in the range of Rs. 1 lakh to Rs. 10 lakh. The primary objective of the scheme is to promote entrepreneurship and facilitate access to credit for women and Scheduled Caste (SC) or Scheduled Tribe (ST) entrepreneurs. The Stand Up India scheme aims to empower women and individuals from SC/ST communities by providing them with the necessary financial support to start their own businesses. The loans provided under this scheme are intended to enable these entrepreneurs to become self-reliant and create employment opportunities for themselves and others.

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