Stand Up India: Rs 30,000 crore sanctioned to 1,33,000 accounts in six years

The finance ministry said ₹30,160 crore has been sanctioned under Stand Up India Scheme to 133,000 accounts since its inception in 2016.

"More than one lakh women promoters have benefitted from this scheme during its six years of operation," finance minister Nirmala Sitharaman said in the statement, adding that the government understands the potential these rising entrepreneurs have for driving economic growth through their roles as not just wealth-creators but also job-creators.

The scheme facilitates bank loans of ₹10 lakh to ₹1 crore to at least one Scheduled Caste or Scheduled Tribe borrower and at least one woman borrower per bank branch of scheduled commercial banks.