Start Up India & Stand Up India: Most Important Topic For 2020 Andhra Pradesh PSC

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Start up India & Stand up India

  • Campaign name: Start Up India….Stand Up India

  • This campaign is based on an action plan.

  • Aim:

    • At promoting bank financing for start-up ventures

    • To boost entrepreneurship

    • Encourage start-ups with jobs creation

    • Focus on innovativeness of the idea for the start up

  • First announced by Prime Minister Narendra Modi.

  • Announced on 15 August 2015.

  • To address from the Red Fort.

Start Up India and Stand Up India

Start up India and Stand up India

Stand up India – 5Th April 2016

  • Promote Entrepreneurship

  • Composite loan Rs. 10 lakh to Rs.100 lakh.

  • Debit Card (RuPay) for withdrawal of working capital.

  • Develop Credit history of borrower.

  • Refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of Rs.10, 000 crore.

  • Creation of a corpus of Rs. 5,000 crore for credit guarantee through NCGTC.

  • Web Portal for online registration and support services.

Start Up India eco system

Start up India Eco System

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