UPSC Prelims 2016 · Question 51 of 98
UPSC Prelims 2016 question on Stand Up India Scheme
- ExamUPSC CSE
- Year2016
- PaperGeneral Studies Paper I
- SubjectIndian Economy
- TopicPlanning and Economic Reforms
- DifficultyMedium
- TypeStatement
With reference to ‘Stand Up India Scheme’, which of the following statements is/are correct?
1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
2. It provides for refinance through SIDBI.
Select the correct answer using the code given below.
Show answer
Answer: C. Both 1 and 2
Verdict
The answer is both 1 and 2. Stand Up India promotes entrepreneurship among Scheduled Castes, Scheduled Tribes and women, and provides refinance through SIDBI.
Analysis
Statement 1 is CORRECT. The scheme facilitates bank loans to at least one Scheduled Caste or Scheduled Tribe borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. Statement 2 is CORRECT. The Small Industries Development Bank of India provides refinance support with an initial corpus, and the scheme also offers handholding through the pre loan and operational phases, including familiarisation with factoring services and electronic marketplaces.
Source
The Hindu report on the launch of the Stand Up India scheme.
How to crack it
Attach each credit scheme to its refinancing institution, since that pairing is the detail most often tested. SIDBI supports small industry and Stand Up India, NABARD supports agriculture and rural development, and MUDRA supports micro enterprise refinance. Then read the scheme's target group from its framing, because a scheme announced with a social justice objective will name Scheduled Castes, Scheduled Tribes and women explicitly rather than leaving eligibility open.