1,11,619 Loans Amounting to INR. 24,985.27 Crore Extended Under Stand-Up India Scheme
The objective of the Stand-Up India Scheme is to facilitate loans from Scheduled Commercial Banks (SCBs) of value between Rs. 10 lakh (US$ 13.78 thousand) and Rs. 1 crore (US$ 137.79 thousand) to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one woman borrower per bank branch for setting up a greenfield enterprise in manufacturing, services or trading sector.