As of April 2021, the _____________ India scheme aims at providing people belonging to the scheduled caste or scheduled tribe or women of the country a loan between ₹10 lakhs to ₹1 crore, based on their requirement to promote entrepreneurship, which has been extended up to the year 2025.
- AStand-up
- BGrow-up
- CStart-up
- DRise-up
Solution & Step-by-step Explanation
The 'Stand-Up India' Scheme was launched by the Government of India in April 2016 to promote entrepreneurship at the grassroots level, focusing on economic empowerment and job creation. The scheme facilitates institutional bank credit ranging between and to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.