ANSWER: 1 and 2
Explanation:
- The Union Cabinet chaired by Prime Minister Narendra Modi gave its nod for the Stand Up India scheme that is aimed at promoting entrepreneurship among women and scheduled castes and tribes.
- Loans under the scheme would be given for greenfield projects in the non-farm sector.
- The scheme will be a refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of Rs 10,000 crore.
- The scheme is intended to facilitate at least two such projects per branch on an average one for each category of entrepreneur. It is expected to benefit at least 250,000 borrowers.
- A credit guarantee mechanism would also be set up through the National Credit Guarantee Trustee Company (NCGTC) to support the scheme. Loans under the Stand Up India scheme will range between Rs 1 lakh and Rs 1 crore.
