economics medium MCQ

The 'Stand-Up India' scheme was specifically launched to promote entrepreneurship and financial inclusion among which demographic groups?

  1. Only retired defense personnel
  2. SC/ST and Women entrepreneurs
  3. Only technology startups in urban incubators
  4. 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.

Topic Indian Economy - Schemes
Exam Relevance UPSC Prelims, SSC CGL, Banking
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