What is the primary objective of the 'Standup India' initiative?

Correct option is C

The correct answer is (c) To facilitate bank loans for SC/ST and women entrepreneurs.
· The primary objective of the 'Standup India' initiative is to provide financial assistance to SC/ST (Scheduled Castes/Scheduled Tribes) and women entrepreneurs by facilitating bank loans ranging from ₹10 lakhs to ₹1 crore.
· The scheme aims to promote entrepreneurship among these groups, especially in setting up greenfield enterprises in sectors like manufacturing, services, or trading.
Information Booster:
· The scheme was launched in 2016 by the Government of India to empower underrepresented sections of society and women entrepreneurs.
· It helps improve access to institutional credit for marginalized communities, encouraging them to start their own businesses.
· Each bank branch is required to provide loans to at least one SC/ST borrower and one-woman borrower.