Stand Up India: Over 23,000 Loans Sanctioned Under Govt’s Pet Scheme for Women, SC/ST Entrepreneurs in FY22

financialexpress.com

Over 23,000 crore loan applications involving around Rs 5,000 crore were sanctioned during the financial year 2021-22 to women and SC/ST entrepreneurs under the government’s Stand Up India scheme. According to the data from the Standup Mitra portal and the Department of Financial Services (Finance Ministry), close to 1.35 lakh applications amounting to around Rs 30,200 crore were sanctioned as of March 31, 2022, in comparison to over 1.11 lakh applications involving Rs 25,000 crore sanctioned as of March last year. Launched by Prime Minister Narendra Modi on April 5, 2016, Stand Up India offers credit support to women and SC/ST entrepreneurs in setting up greenfield enterprises. Read More