Stand Up India - Current Affairs Questions and Answers

ANSWER: Stand Up India Scheme

Explanation:
PM Narendra Modi launched Stand Up India Scheme to promote entrepreneurship among SC, ST and Women entrepreneurs

The Kaushal Kendra (Skilling Center) under the Pradhan Mantri Mudra Yojana in Noida also came up

• The Scheme is intended to facilitate at least two projects per bank branch, on an average one for each category of entrepreneur.
• It is expected to benefit at least 2.5 lakh borrowers within 36 months.
• It provides for refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of INR 10000 crore and credit guarantee mechanism through the National Credit Guarantee Trustee Company (NCGTC).

ANSWER: Stand Up India

Explanation:
Union Cabinet on 6th January 2016 approved the Stand Up India Scheme for promoting entrepreneurship among SC, ST and Women entrepreneurs. Scheme will work to facilitate two projects per bank branch for one category of entrepreneur each. This will be benefiting 2.5 lakh borrowers. This provides a refinance window through SIDBI with initial amount of INR 10,000 crore. It will also create a guarantee mechanism through National Credit Guarantee Trustee Company or NCGTC. The focus will be on handholding support for SC, ST and women borrowers.