Stand-Up India Scheme: Financial Aid for Marginalized Entrepreneurs
The Stand-Up India Scheme, launched on April 5, 2016, aims to provide financial support and institutional aid to marginalized groups, specifically Scheduled Castes (SC), Scheduled Tribes (ST), and women entrepreneurs. Since April 2022, nearly Rs 29,000 crore has been sanctioned to these groups, with loans ranging from Rs 10 lakh to Rs 1 crore. The scheme also offers guidance, training, and mentorship through various centers to assist in setting up businesses. The initiative has seen significant growth in loan accounts and amounts sanctioned, reflecting its impact on empowering marginalized entrepreneurs.
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