PM Narendra Modi has launched Stand up India scheme for SC/ST, women

Prime Minister Narendra Modi has been launched the Stand-up India scheme aimed at providing credit to Scheduled Caste (SC), Scheduled Tribe (ST), and women borrowers in the non-farm sector. The scheme is intended to promote entrepreneurship among SC/ST and women and further give a push to government’s financial inclusion programme. The broad features of the scheme Composite loan between Ten lakh rupees and up to One crore rupees will be provided to SC/ST and women and also inclusive of working capital component for setting up any new enterprise.

Debit Card (RuPay) for withdrawal of working capital. Credit history of borrower to be developed of these under banked sections of society. Refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of 10,000 crore rupees. Creation of a corpus of 5,000 crore rupees for credit guarantee through National Credit Guarantee Trustee Company (NCGTC). Handholding support for borrowers with comprehensive support for pre loan training needs, facilitating loan, factoring, marketing etc. Web Portal for online registration and support services will be provided. Under the scheme, 1.25 lakh bank branches will provide loans up to One crore rupees to SC/ST and women entrepreneurs. Thus it will help in creating 2.5 lakh entrepreneurs throughout the country.

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PM Narendra Modi has launched Stand up India scheme for SC/ST, women

India"s Prime Minister launched new campaign Start-up India, Stand-up India

On 15 August 2015 PM Narendra Modi has launched new campaign Start up India.A new Campaign was launched during the celebrations of Independence Day at Red Fort( Delhi).The initiative is aimed to encouraging entrepreneurship among the youth of India.

Each of the 1.25 lakh bank branches should encourage at least 1 Dalit or tribal entrepreneur and at least 1 woman entrepreneur.

Under this new campaign, in addition to existing systems to facilitate startup, loans would also be given to help people. This initiative will give a new measurements to entrepreneurship and will help to set up a network of start-up in the country.

Other Announcements:

• The Union Agriculture Ministry will now be re-named as Agriculture and Farmers. Welfare Ministry with a view to take care of the farming community’s needs as well as the personal problems faced by them.

• PM Narendra Modi also announced to replace the current practice of interview based selections for low skilled govt. jobs with online merit based recruiting.

• Under the Skill India and Digital India initiative, govt. will now work to provide package of incentives to manufacturing units for generating jobs.

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India"s Prime Minister launched new campaign Start-up India, Stand-up India