CHENNAI: The Tamil Nadu government has appointed two MLAs in the State-Level Implementation Committee (SLIC) for effective monitoring of the execution of the ‘Stand-up India’ scheme in the State.
R Tamilzhselvan of Perambalur (Scheduled Caste) constituency has been nominated under the SC/ST category while Pon Saraswathi, MLA of Tiruchengode, has been nominated under the women’s category.
The objective of the Stand-Up scheme launched last year is to facilitate bank loans between `10 lakh and `one crore to at least one Scheduled Caste and Scheduled Tribe borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.
The nomination of the two MLAs comes in the wake of the Union Finance Ministry asking the State on March 31, 2016 to constitute SLIC for effective monitoring of the implementation of Stand-Up India scheme.
The committee includes the Additional chief secretary (finance), an MLA from SC/ST category, a woman MLA, regional head of Reserve Bank of
India and representatives from Small Industries Development Bank of India, NABARD, State Social Welfare Department, Women’s Development corporation, SC/ST Finance Corporation, two experts as required may be co-opted from time to time and convenor of State Level Bankers’ Committee.