March 2017 Current Affairs
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January 2017 Current Affairs
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Prime Minister Narendra Modi launched Stand Up India Scheme

Prime Minister Narendra Modi launched Stand Up India Scheme
06 April 2016 Current Affairs: The Prime Minister Narendra Modi on 5 April 2016 launched Stand Up India Scheme to promote entrepreneurship among Scheduled Caste/Scheduled Tribes and Women entrepreneurs.On this occasion, the Prime Minister also inaugurated a Kaushal Kendra (Skilling Center) under Pradhan Mantri Mudra Yojna in Noida.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.Stand Up India Scheme provides for refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of 10000 crore rupees.It will create credit guarantee mechanism through the National Credit Guarantee Trustee Company (NCGTC). It will provide support for borrowers both at the pre loan stage and during operations.Its focus is on handholding support for both SC/ST and Women borrowers.The aim is to leverage institutional credit structure to reach out under-served sectors of the population by facilitating bank loans repayable up to 7 years and between 10 lakh rupees- 100 lakh rupees for greenfield enterprises in nonfarm sector set up by such SC, ST and Women borrowers.The loan under the scheme would be appropriately secured and backed by a credit guarantee through a credit guarantee scheme for which Department of Financial Services would be the settler.The National Credit Guarantee Trustee Company Ltd (NCGTC) will be the operating agency for the loan.Margin money of the composite loan would be up to 25 percent.


March 2017 Current affairs
23 MAR
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22 MAR
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21 MAR
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20 MAR
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18 MAR
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17 MAR
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February 2017 Current affairs
28 FEB
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27 FEB
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25 FEB
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24 FEB
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23 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
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28 NOV
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26 NOV
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25 NOV
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24 NOV
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