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UPSC Economics Poverty as a Challenge / एक चुनौती के रूप में गरीबी Question Bank Planning, Unemployment and Poverty in India

  • question_answer
    With reference to 'Stand up India scheme', which of the following statement is/are correct? [IAS Prelims 2016]
     1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
     2. It provides for refinance through SIDBI.
    Select the correct answer using the code given below.

    A) 1 only              

    B) 2 only

    C) Both 1 and 2   

    D) neither 1 nor 2

    Correct Answer: C

    Solution :

    (i) Prime Minister  launched the 'Stand up India Scheme' aimed at promoting entrepreneurship among Scheduled Castes/Scheduled Tribes and women by giving loans in the range of Rs. 10 lakh to Rs. 1 crore for setting up a new enterprise. There would be a Rs. 10,000 crore refinance window through Small Industries Development Bank of India (SIDBI) and the National Credit Guarantee Trustee Company Ltd (NCGTC) will create a corpus of Rs. 5,000 crore.
    (ii) Both statements are correct as per: Press Information Bureau (PIB) Government of India Ministry of Finance/03-April-2016.


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