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Which of the statements are correct regarding Stand-Up India Scheme?
1. It is meant to promote entrepreneurship at the grass-root level focusing on economic empowerment and job creation.
2. Women entrepreneurs above 18 years of age under this scheme are eligible for the credit facility.
3. Loans under the scheme are available for both Greenfield and Brownfield projects.
Choose the correct answer using the codes given below:
  • a)
    1, 2 and 3
  • b)
    2 and 3 only
  • c)
    1 and 2 only
  • d)
    1 and 3 only
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the statements are correct regarding Stand-Up India Scheme?1....
Stand-Up India Scheme
Stand-Up India Scheme was launched by the Government of India to promote entrepreneurship at the grass-root level focusing on economic empowerment and job creation.

Eligibility Criteria
- Women entrepreneurs above 18 years of age are eligible for the credit facility under this scheme.
- Scheduled Caste (SC) or Scheduled Tribe (ST) borrower can avail loans under this scheme.

Types of Projects
Loans under the Stand-Up India Scheme are available for both Greenfield and Brownfield projects. Greenfield projects refer to new projects that are being set up from scratch, while Brownfield projects are existing projects that are being expanded or renovated.
In conclusion, the correct statements regarding the Stand-Up India Scheme are:
1. It is meant to promote entrepreneurship at the grass-root level focusing on economic empowerment and job creation.
2. Women entrepreneurs above 18 years of age under this scheme are eligible for the credit facility.
Therefore, option 'C' - 1 and 2 only, is the correct answer.
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Community Answer
Which of the statements are correct regarding Stand-Up India Scheme?1....
  • Stand Up India Scheme was launched in April 2016 to promote entrepreneurship at the grass-root level focusing on economic empowerment and job creation. Hence, statement 1 is correct.
  • It aims to leverage the institutional credit structure to reach out to the underserved sector of people such as SCs, STs, and Women Entrepreneurs.
  • The SC/ST and/or women entrepreneurs; above 18 years of age are eligible under the scheme. Hence, statement 2 is correct.
  • Loans under the scheme are available for only Greenfield projects. Hence, statement 3 is not correct.
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Which of the statements are correct regarding Stand-Up India Scheme?1. It is meant to promote entrepreneurship at the grass-root level focusing on economic empowerment and job creation.2. Women entrepreneurs above 18 years of age under this scheme are eligible for the credit facility.3. Loans under the scheme are available for both Greenfield and Brownfield projects.Choose the correct answer using the codes given below:a)1, 2 and 3b)2 and 3 onlyc)1 and 2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?
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Which of the statements are correct regarding Stand-Up India Scheme?1. It is meant to promote entrepreneurship at the grass-root level focusing on economic empowerment and job creation.2. Women entrepreneurs above 18 years of age under this scheme are eligible for the credit facility.3. Loans under the scheme are available for both Greenfield and Brownfield projects.Choose the correct answer using the codes given below:a)1, 2 and 3b)2 and 3 onlyc)1 and 2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the statements are correct regarding Stand-Up India Scheme?1. It is meant to promote entrepreneurship at the grass-root level focusing on economic empowerment and job creation.2. Women entrepreneurs above 18 years of age under this scheme are eligible for the credit facility.3. Loans under the scheme are available for both Greenfield and Brownfield projects.Choose the correct answer using the codes given below:a)1, 2 and 3b)2 and 3 onlyc)1 and 2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the statements are correct regarding Stand-Up India Scheme?1. It is meant to promote entrepreneurship at the grass-root level focusing on economic empowerment and job creation.2. Women entrepreneurs above 18 years of age under this scheme are eligible for the credit facility.3. Loans under the scheme are available for both Greenfield and Brownfield projects.Choose the correct answer using the codes given below:a)1, 2 and 3b)2 and 3 onlyc)1 and 2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?.
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