Statement 1: "Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs." This is the primary objective of the Stand-up India Scheme, launched in 2016. It facilitates bank loans for setting up greenfield enterprises by at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch. This statement is correct. Statement 2: "It provides for refinance through RBI." The Stand-up India Scheme is implemented through Scheduled Commercial Banks. The Small Industries Development Bank of India (SIDBI) plays a crucial role in providing refinance assistance to these banks for loans extended under the scheme. While RBI is the central bank and regulator, the refinance window for this scheme is managed by SIDBI, not directly by RBI. Therefore, this statement is incorrect.
With reference to “Stand-up India Scheme”, which of the following statements is/ are correct ? 1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs. 2. It provides for refinance through RBI. Select the correct answer using the code given below :
Asked in PPSC CS Prelims 2018 · Topic: Money & Banking (Financial Inclusion: Strategies, Schemes (e.g., PMJDY), and Digitalization)
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