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What’s New

  1. Under Stand-Up India initiative, major thrust has been accorded to reach out to hitherto under served segments of society and seeks to strengthen the growth environment.
  2. Stand-Up India aims to generate gainful employment at grass root level and to prevent migration of rural folk to urban areas.
  3. Expected to foster 2.50 lakh entrepreneurs through 1.25 lakh bank branch network.
  4. To take forward Stand-Up India initiative, 500 crore has been provided in the Union Budget for FY 2017 for credit guarantee support.
  5. SIDBI has formulated a Special Refinance Scheme to Banks for extending assistance under Stand-Up India. Allocation of 10,000 crore from Reserve Bank of India/Government of India for refinance support to eligible Primary Lending Institutions.
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