PM Modi launches ‘Stand up India’ Scheme
On 05/04/2016 at Sector 62, Noida, the PM Modi launches ‘Stand up India’ Scheme and a Web portal for the scheme. The Governor of UP, Union Finance Minister, Union Minister for Culture and Tourism and Union Minister of State for Finance amongst others are presented in this occasion. So you can collect whole information or All Points that You Want to know from this page, please have a look.
Main objective of establishing the ‘Stand up India Scheme’ is to encourage free enterprise between Scheduled Caste / Schedule Tribe and Women for loans in the range of Rs. 10 Lakhs to Rs. 100 Lakhs. This proposal is predictable to help huge no of such industrialists, as it is planned to make possible at least two such projects per bank branch (Scheduled Commercial Bank) on a standard one for every category of industrialist. The broad features of the scheme are as under:
- Composite loan between Rs. 10 lakh and up to Rs.100 lakh, inclusive of working capital component for setting up any new enterprise.
- Debit Card (RuPay) for drawal of working capital.
- Credit history of borrower to be developed.
- Refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of Rs.10,000 crore.
- Creation of a corpus of Rs. 5,000 crore for credit guarantee through NCGTC.
- Handholding support for borrowers with comprehensive support for pre loan training needs, facilitating loan, factoring, marketing etc.
- Web Portal for online registration and support services.
The whole plan of the offer is to influence the institutional credit structure to extend to these un-deserved sectors of the inhabitants by assisting bank loans in the non-farm division set up by such SC, ST and Women borrowers and the scheme will also build up synergies with continuing schemes of other Departments. The procedure would be lead by SIDBI with participation of Dalit Indian Chamber of Commerce and Industry (DICCI) and a variety of sector, specific organizations all over the country and the offices of SIDBI.
National Bank for Agriculture and Rural Development (NABARD) shall be elected Stand Up Connect Centres (SUCC) and the commence event would engage allocation of 5100 E-Rickshaws by Bhartiya Micro Credit (BMC) underneath the Pradhan Mantri Mudra Yojna scheme. Additionally the receivers will also be enclosed under Pradhan Matri Jan Dhan Yojna, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Jivan Jyoti Yojana, Atal Pension Yojana schemes and added eight important Prime Minister Schemes.
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Bhartiya Micro Credit (BMC) plans to increase responsiveness of the monetary enclosure and communal security schemes and offers to get the reimbursement to poor and destitute people in the nation. The thought is to make easy the up gradation of pedal rickshaw pullers into E-Rickshaw proprietor and help out make threefold growth in their income and credit for all these amenities are being offered under Mudra Scheme. The succession to E-rickshaw from pedal rickshaw will also assist supply towards accomplishing the goals of Swachh Bharat Abhiyan and Sach hua Sapna, Rickshaw hua apna!,
As the first step of this procedure the pedal rickshaw pullers are given training post which certificate is provided by NSDC and 150 women drivers have been trained, additionally the clientele will also be talented to book E-Rickshaw during Ola mobile apps and make online payment via free charge, which will be incorporated under the Digital India initiative.
Under the proposal, charging and service station will also be set up, which will assist the development of appearance of small and micro enterprises along with creating many opportunities for entrepreneurs and This purely put together Bhartiya Micro Credit (BMC) E-Rickshaws program into Prime Minister Shri Narendra Modi flagship ‘Stand Up India’ initiative.
The PM Modi on 15th August 2014 established the Pradhan Mantri Jan Dhan Yojana (PMJDY) for “Banking the Unbanked”, as is well recognized, it meets with booming success as more than 21.3 crore accounts have been opened, more, Pradhan Mantri MUDRA Yojana (PMMY) was set by by the PM for “Funding the Unfunded” by make easy loans upto Rs. 10 lakh on 8th April, 2015.
As on date, over Rs. 1.22 Lakh crore have been pay out in which over 57.75 lakh SC, 15.15 lakh ST and 2.52 crore female industrialist have been advantage under this proposal and to make stronger this comprehensive development, the PM in his address to the country on 15th Aug, 2015 had announced the “Start up India Stand up India” initiative.
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