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.
A
1 only
B
2 only
C
Both 1 and 2
Correct Answer
D
Neither 1 nor 2
Explanation
The Stand Up India Scheme is designed to promote entrepreneurship among SC/ST and women by facilitating bank loans for greenfield enterprises, while SIDBI provides the necessary refinance window, making both statements correct. Option (a) is a common trap for candidates who recognize the scheme's social objectives but are unaware of the specific institutional mechanism involving SIDBI's refinancing role. The core concept tested is the government's strategy for financial inclusion and credit facilitation for marginalized groups.
Government Schemes (Entrepreneurship)Financial Inclusion and Entrepreneurship PromotionStand Up India SchemeentrepreneurshipSC/STwomen entrepreneursrefinanceSIDBI