ENA Sectors 2021-04-06 05:53:41 <p><strong>New Delhi, Apr 6 (KNN)</strong> Banks have sanctioned Rs 25,586 crore to about 1,14,322 beneficiaries under the Stand Up India Scheme in the last five years for promoting entrepreneurship among women and SC &amp; STs, the Finance Ministry said.</p> <p>The objective of Stand-Up India is to promote entrepreneurship amongst women, Scheduled Castes (SC) &amp; Scheduled Tribes (ST) categories, to help them in starting a Greenfield enterprise in trading, manufacturing and services sector, by both ready and trainee borrowers, the Finance Ministry said in a statement on Sunday.</p> <p>Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks.</p> <p>Started on April 5, 2016, the scheme has benefited 93,094 women entrepreneurs with outstanding loan of Rs 21,200 crore as of March 23.</p> <p>''This scheme, which has been extended up to 2025, covers SC/ST and/or women entrepreneurs, above 18 years of age,'' the statement said.</p> <p>In case of non-individual enterprises, 51 per cent of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur and borrowers should not be in default to any bank/financial institution, it said.</p> 26642 https://knnindia.co.in/news/newsdetails/sectors/banks-sanctions-rs-25586-cr-to-114-lakh-stand-up-india-accounts-in-5-years 2021-04-06 05:53:41 knnindia.co.in