6th April, 2016
Stand Up India
Ref Also: Previous Post dated 8th January, 2016
The loan shall be in the ten Lakhs to one crore rupee range.
The scheme is launched on the occassion of Babu Jagjivan Ram birth anniversary.
The government will also develop the credit histories of these under-banked sections of society and will open a refinance window through the Small Industries Development Bank of India (SIDBI) with an initial amount of Rs. 10,000 crore.
The scheme will also facilitate the creation of a corpus of Rs. 5,000 crore for credit guarantee via the National Credit Guarantee Trustee Company.
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