Civil Services Prep

Prelims 2016 · Economy · Question 51

With reference to 'Stand Up India Scheme', which of the following statements is/are correct?<br/>1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.<br/>2. It provides for refinance through SIDBI.<br/><br/>Select the correct answer using the code given below.

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer

Both 1 and 2

1. Correct. Stand Up India aims to promote entrepreneurship among SC/ST and women entrepreneurs by facilitating bank loans for greenfield enterprises.
2. Correct. The scheme includes refinance support through SIDBI, which is the designated agency for its implementation support.
Therefore, both statements are correct.

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