Stand-Up India Scheme.

Why in news?

• Stand-Up India Scheme has recently completed 6 years.

About the Scheme

• It was launched in 2016, as part of efforts to support entrepreneurship among women and SC & ST communities.
• Its objective is to provide a bank loan between Rs. 10 lakh and Rs. 1 crore to at least one SC or ST borrower and one-woman borrower per bank branch (without collateral) for setting up a Greenfield enterprise.
• The government does not allocate funds for loans under the Stand Up India Scheme rather loans are extended by Scheduled Commercial Banks as per commercial parameters.