Under Stand-Up India Scheme what is the maximum amount a bank can lend as a loan?

Correct option is D

Correct Answer: (d) ₹1.1 Crore
Explanation:
· Under the Stand-Up India Scheme, the maximum loan amount a bank can sanction has been revised to ₹1.1 crore.
· Earlier the limit was ₹10 lakh to ₹1 crore, but it was enhanced to support larger greenfield enterprises set up by SC/ST and women entrepreneurs.
Information Booster:
· Launch: 5 April 2016
· Implementing Agency: All Scheduled Commercial Banks
· Target Beneficiaries:
· 1 SC/ST borrower per bank branch
· 1 woman borrower per bank branch
· Loan type: Composite loan (includes term loan + working capital)
· Sector: Manufacturing, services, trading, and agri-allied activities (added in 2021).
· Objective: Promote entrepreneurship, reduce unemployment, and increase inclusion in formal credit systems.
· Banks must ensure handholding support such as project preparation, financial literacy, and training.