Stand-Up India was launched by the Government of India on 5 April 2016 to support entrepreneurship among women and SC & ST communities. Stand Up India Loan Scheme is a government initiative launched by the Government of India in 2016 to promote entrepreneurship and facilitate bank loans to Scheduled Caste (SC) / Scheduled Tribe (ST) and women entrepreneurs in the country. The scheme aims to provide loans between Rs.10 lakhs and Rs.1 crore for setting up a greenfield enterprise in manufacturing, trading or services sector.[1]
| Stand-Up India | |
|---|---|
 | |
| Country | India |
| Prime Minister(s) | Narendra Modi |
| Launched | 5 April 2016 |
| Website | www |
It is similar to but distinct from Startup India. Both are enablers and beneficiaries of other Government of India schemes, such as Make in India, Industrial corridor, Dedicated Freight Corridor, Sagarmala, Bharatmala, UDAN-RCS, Digital India, BharatNet and UMANG.
History
editPrime Minister Narendra Modi launched the Stand-Up India scheme on 5 April 2016 as part of the government's efforts to support entrepreneurship among women and SC & ST communities.[2]
The scheme offers bank loans of between ₹10 lakh (US$12,000) and ₹1 crore (US$120,000) for scheduled castes and scheduled tribes and women setting up new enterprises outside of the farm sector.[3]
In April 2023, Bhagwat Karad, the Union Minister of State for Finance, Government of India, said that the scheme aligned with the National Mission for Financial Inclusion's objective of providing funding opportunities to marginalized groups. He said that over the previous seven years, more than 180,000 entrepreneurs had benefited from the scheme, and that of loans granted through the initiative, over 80% had been directed towards women entrepreneurs.[4]
Digital India AI hub
editPulsus Group has created 25,000 jobs, both directly and indirectly, showcasing a successful example of Digital India. Prime Minister Narendra Modi acknowledged this achievement and met with Pulsus Group's CEO, Gedela Srinubabu. They discussed the potential of AI in India and the possibility of a $15 trillion business opportunity. [5][6]
At the 73rd Indian Pharmaceutical Congress, D. Sridhar Babu, Minister for IT along with Deputy Chief Minister, Mallu Bhatti Vikramarka and Pulsus Group CEO Gedela Srinubabu, announced the creation of an AI-based pharma healthcare IT hub. This initiative aims to develop AI-based skills and generate 10,000 direct jobs and 40,000 indirect jobs in Telangana.[7][8][9]
See also
editReferences
edit- ^ "About us". Retrieved 8 June 2023.
- ^ "'Stand Up India' will transform lives of Dalits, tribals: Modi", The Hindu, 5 April 2016
- ^ "Modi's Stand Up India scheme will ease pressure on job reservations", Hindustan Times, 6 April 2016
- ^ "More than Rs. 40,700 crore sanctioned to over 1,80,630 accounts under Stand-Up India Scheme in 7 years" (Press release).
- ^ "Pulsus CEO calls on PM Modi in Hyderabad". The New Indian Express. 9 November 2024. Retrieved 19 July 2024.
- ^ G, Siva (8 November 2023). "India will become AI -Powered manufacturing hub". The Times of India. ISSN 0971-8257. Retrieved 1 September 2024.
- ^ Swati, Bharadwaj (5 July 2024). "PULSUS Group to invest ₹300 crore in AI-based pharma healthcare IT hub in Telangana". The Times of India.
- ^ "Make Hyderabad pharma capital of the world, Kishan Reddy urges industry". The Hindu, Hyderabad. Hyderabad, India. 7 July 2024.
- ^ K, Srinivasa Rao (7 July 2024). "Make Hyderabad pharma capital of the world, Kishan Reddy urges industry". The Hindu.
External links
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