Five years after the Stand Up India scheme was launched by the government to promote entrepreneurship among women, Scheduled Castes (SC) & Scheduled Tribes (ST), banks have sanctioned more than ₹25,000 crore to over 1.14 lakh accounts, the Finance Ministry said on Sunday.
As per the scheme, bank loans between ₹10 lakh and ₹1 crore are routed to at least one SC or ST borrower, and at least one woman borrower, by each branch of the scheduled commercial banks.