SIDBI to raise Rs 10 K Crore “Stand Up India” Fund


Posted on:01 Mar 2016 09:37:18

SIDBI to raise Rs 10 K Crore “Stand Up India” Fund
01 March 2016 Current Affairs: The Small Industries Development Bank of India (Sidbi) will be raising the proposed Rs 10,000-crore corpus for ‘Stand Up India Fund’ from RBI, which will be disbursed to Dalit and women entrepreneurs. Sidbi Chairman and Managing Director Kshatrapati Shivaji said “We are working to have the corpus in place for the Stand Up India Fund corpus. It will be raised from the Reserve Bank through the priority sector lending shortfalls“.Under the scheme announced by Prime Minister NarendraModi earlier this year, each bank branch has been mandated to lend to one micro-enterprise promoted by a woman and SC/ST entrepreneur.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs June 2017

24 JUNE
NEWS
23 JUNE
NEWS
22 JUNE
NEWS
21 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS