Under the Stand-Up India Scheme, a loan is sanctioned above Rs 10 lakh and up to which ceiling?
- A.Rs 25 lakh
- B.Rs 50 lakh
- C.Rs 1 crore
- D.Rs 2 crore
Correct answer
Explanation
The correct answer is Rs 1 crore. Stand-Up India funds a new greenfield enterprise with either a term loan or a composite loan that joins working capital to the term portion, and the sanctioned amount must be above Rs 10 lakh and may rise to the ceiling of Rs 1 crore, meeting as much as 85 per cent of the project cost. Options A and B, Rs 25 lakh and Rs 50 lakh, both fall inside the permitted band rather than marking its upper edge, so neither is the ceiling. Option D, Rs 2 crore, is higher than anything the scheme allows. Eligible borrowers are women, Scheduled Caste and Scheduled Tribe entrepreneurs, and the eligible sectors are manufacturing, services, trading and activities allied to agriculture. The guarantee fee charged is a standard 0.50 per cent.
Read the full article: Stand-Up India Extended to 2031 With Rs 4,111 Crore Corpus
Practice Questions
Up to which date has the Stand-Up India Scheme been extended by the Union Cabinet?
- A.31 March 2029
- B.31 March 2030
- C.31 March 2031
- D.31 March 2032
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The Union Cabinet, chaired by the Prime Minister, approved the continuation of the Stand-Up India Scheme for a period of five years ending on that date, so the scheme now has a clear life running to the close of the financial year 2030-31.
Read the full explanation →What is the size of the credit guarantee corpus approved for the extended Stand-Up India Scheme?
- A.Rs 2,111 crore
- B.Rs 3,111 crore
- C.Rs 4,111 crore
- D.Rs 5,111 crore
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Along with the five-year continuation up to 31 March 2031, the Cabinet sanctioned a credit guarantee corpus of exactly this size, and it is the corpus that lets banks lend to first-generation founders without demanding collateral, because the guarantee takes on the default risk.
Read the full explanation →By which date has the Union Home Minister said the drug trade in the country will be uprooted?
- A.31 December 2029
- B.15 August 2030
- C.31 March 2028
- D.26 January 2032
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Speaking at the third national conference of the heads of the anti-narcotics task forces of the States and Union Territories in September of this year, the Union Home Minister said the country would collectively uproot the drug trade by that date, and he placed the protection of young people within…
Read the full explanation →What is the national toll-free de-addiction helpline number mentioned for the Nasha Mukt Bharat Abhiyaan?
- A.1933
- B.14446
- C.14416
- D.1098
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The national de-addiction helpline has been running since the first of March 2017, first under a longer number and now as this short code, and it offers tele-counselling at all hours while referring callers to the nearest supported facility.
Read the full explanation →Which article of the Constitution of India directs the State to work towards prohibiting intoxicating drinks and drugs injurious to health?
- A.Article 44
- B.Article 45
- C.Article 47
- D.Article 51A
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It directs the State to endeavour to bring about prohibition of the consumption, except for medicinal purposes, of intoxicating drinks and of drugs which are injurious to health, and it is cited as the constitutional foundation of the anti-drug campaign and of the Ministry's work, which has run a scheme…
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