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Modi to Launch Stand Up India Initiative on Tuesday

As per the scheme, each branch of a scheduled commercial bank shall facilitate at least two such loans.

Published: 04th April 2016 10:14 PM  |   Last Updated: 04th April 2016 10:15 PM   |  A+A-

2016-03-12T044514Z_1_LYNXNPEC2B03D_RTROPTP_3_SINGAPORE-INDIA-MODI

PM NARENDRA MODI | Reuters

By IANS

NEW DELHI: Prime Minister Narendra Modi will on Tuesday launch the Stand Up India initiative at Noida.

The initiative will promote entrepreneurship among the Scheduled Castes, Scheduled Tribes, and women, by facilitating loans in the range of Rs.10 lakh to Rs.100 lakh, an official statement said.

As per the scheme, each branch of a scheduled commercial bank shall facilitate at least two such loans. A web portal will also be launched for the initiative, to enable online registration and support services.

Modi will also flag-off 5,100 e-rickshaws and also interact with the beneficiaries, besides inaugurating a Kaushal Vikas Kendra (skilling centre).

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