The 'Stand-Up India' scheme was specifically launched to promote entrepreneurship and financial inclusion among which demographic groups?
- Only retired defense personnel
- SC/ST and Women entrepreneurs
- Only technology startups in urban incubators
- Large corporate conglomerates
Answer: SC/ST and Women entrepreneurs
Stand-Up India mandates that every bank branch in the country must facilitate at least one loan to a Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one to a woman borrower. The loans range from Rs. 10 lakh to Rs. 1 crore and are strictly for setting up greenfield (new) enterprises in the non-farm sector, aiming to democratize capital access for historically marginalized and underrepresented groups.