The Government of India has extended the duration of the ‘Stand Up India Scheme’ up to the year 2025.
The scheme was launched by the Prime Minister in April 2016 to facilitate loans to Scheduled Caste, Scheduled Tribe and women borrowers, to promote entrepreneurship among them.
The scheme offers bank loans to encourage them in setting up a greenfield enterprise.
It must be outside of the farm sector, that is in the manufacturing, services or trading sector.