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Shikha Chhabra

8000 crores cleared for Stand Up India

In a bid to create jobs and promote entrepreneurship, the Cabinet on Wednesday approved Rs 8,000-crore funds that will stand guarantee for loans to new ventures and also announced 'Stand up India' scheme for credit facilities to SC, ST and women entrepreneurs at lower rates.

While the Rs 3,000 crore MUDRA Credit Guarantee Fund (CGF) will act as hedge against default of Rs 50,000 to Rs 10 lakh loan extended to small entrepreneurs, the Rs 5,000 crore Stand Up India CGF will stand guarantee for Rs 10 lakh to Rs 1 crore loans to be provided to least 2.5 lakh SC/ST and women.

http://english.mathrubhumi.com/education/news/news-updates/govt-clears-stand-up-india-english-news-1.780186 more  

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Sugumar Iyer
We start with a wrong idea and provide funds for default, which indicates that we do not have faith in the development. Further it is expected that Government alone should provide funds and make the India stand up. What about the people who have already stood up and Corporate. They may also contribute to the corpus. Further they may take up the marketing burden of new units by parting with their requirement in the form of design, materials and get it manufactured and market the same either singly and as a component to their product. more  
Bhavin Kapadia
Great lekin why still reservations abhi to apne desh ko ajad hoke 68 years ho gaye hai. And also it is not easy for general category person also more  
Amit Gandhi (Advocate )
Great opportunity for dishonest people to take loan & then become defaulter..... more  
Pramod Agrawal
A good decision for new ventures more  
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