Question
Download Solution PDFWhich of the following feature/features is/are correct regarding Stand-Up India Scheme?
I. This scheme covers brownfield enterprises along with greenfield enterprises.
II. Non-Individual enterprises are also eligible to avail the benefit of this scheme provided certain conditions are complied with.
III. For drawal of Working Capital up to 10 lakh, the same may be sanctioned by way of Cash Credit Limit.
IV. Besides Primary Security, the loan may be secured by a guarantee of Credit Guarantee Fund Scheme for Stand-Up Indía Loans (CGFSIL) as decided by the banks.
Select the correct answer using the codes
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Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- The Stand-Up India Scheme aims to promote entrepreneurship among SC/ST and women entrepreneurs.
- Non-Individual enterprises are eligible to avail the benefit of this scheme provided certain conditions are complied with.
- Besides Primary Security, the loan may be secured by a guarantee of Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL) as decided by the banks.
- This scheme facilitates bank loans between ₹10 lakh and ₹1 crore to at least one SC or ST borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.
Additional Information
- Greenfield Enterprises:
- Refers to new enterprises that are being established for the first time.
- The Stand-Up India Scheme primarily focuses on facilitating bank loans for setting up such enterprises.
- Non-Individual Enterprises:
- These are enterprises that are not owned by a single individual but may involve partnerships, companies, or other forms of business entities.
- The scheme allows such enterprises to avail benefits provided they comply with certain conditions.
- Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL):
- This is a guarantee scheme to ensure that the loans provided under the Stand-Up India Scheme are secured.
- Banks can use this guarantee to mitigate the risk associated with lending to new entrepreneurs.
- Primary Security:
- This refers to the main asset or collateral that is provided by the borrower to secure the loan.
- This could be the machinery, land, or any other asset that is used in the business.
Last updated on Jun 18, 2025
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