Over Rs.40,700cr sectioned to 1.8 lakh accounts under Stand-up India

Context: Recently Government of India published data on the achievements of the Stand-up India scheme on the occasion of the completion of 7 years of Stand-up India on 5th April, the scheme was launched in the year of 2016 by the Ministry of Finance. The scheme has been extended to 2025.

Achievements of Stand-up India

  • Government underlines the fact that as much as Rs. 40700cr was sanctioned to over 1.8 million accounts under the scheme during the last seven years since its inception.
  • Of the funds sanctioned till March 21, 2023, about 80% of the loans have been given to women entrepreneurs.

The objective of the Stand-up India scheme

  • To facilitate bank loans between Rs. 10 lacks and Rs. 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector.
  • In the case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.
  • Rupay debit card to be issued for the convenience of the borrower.
  • The web portal by SIDBI provides handholding support through a network of agencies engaged in training, skill development, mentoring, project report preparation, application filling, work shed/utility support services, subsidy schemes etc.


  • The applicant must be an entrepreneur.
  • If the applicant is a male, he must be from SC / ST category.
  • The age of the applicant must be at least 18 years.
  • The applicant must not be in default to any bank/financial institution.

PYQ 2016

Pradhan Mantri MUDRA Yojana is aimed at

(a) bringing small entrepreneurs into the formal financial system

(b) providing loans to poor farmers for cultivating particular crops

(c) providing pensions to old and destitute persons

(d) funding the voluntary organizations involved in the promotion of skill development and employment generation

Ans. a

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