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CS Professional · Banking and Insurance - Laws and Practice · Various Government Schemes

Ritu, a woman entrepreneur, plans to set up a new (greenfield) manufacturing unit and needs a bank loan. Under the Stand-Up India scheme, what is the loan range available per bank branch to at least one such borrower?

The Stand-Up India loan range is Rs 10 lakh to Rs 1 crore per borrower, for greenfield enterprises set up by SC/ST or women entrepreneurs, with at least one such borrower per branch. The Rs 50,000 to Rs 10 lakh band belongs to Mudra loans.

  1. ARs 10 lakh to Rs 1 croreCorrect
  2. BRs 50,000 to Rs 10 lakh
  3. CRs 1 crore to Rs 5 crore
  4. DUp to Rs 2 lakh only

Explanation

Stand-Up India facilitates bank loans between Rs 10 lakh and Rs 1 crore to at least one SC/ST borrower and one woman borrower per bank branch for setting up a greenfield enterprise in manufacturing, services, trading or allied agri activities. Rs 50,000 to Rs 10 lakh is the Mudra range, so that option is wrong.

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