UPSC Previous Year Question | Prelims GS | 2016

With reference to 'Stand Up India Scheme', which of the following statements is/are correct? 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.

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

Answer

Correct Answer

Both 1 and 2

Explanation

Stand Up India promotes entrepreneurship among SC/ST and women entrepreneurs by facilitating bank loans, with refinancing support routed through SIDBI, making both statements correct.

Topics: entrepreneurship schemes, government schemes, indian economy, stand up india