Rs 20,466.94 crores of loans have been sanctioned under Stand Up India Scheme to over 91,000 accounts upto 10.03.2020 since inception of the Scheme, said an official release.

This information was given by Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.

Giving the details of the Scheme, the Minister said that Stand Up India Scheme was launched by the Government on 5th April, 2016.

The Scheme facilitates bank loans between Rs. 10 lakh and Rs. 1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower, per bank branch of Scheduled Commercial Banks (SCBs)/

The loan is given for setting up greenfield enterprises in the manufacturing, services or the trading sectors.