Modi to launch Stand Up India initiative on Tuesday | Current Affairs, Current Affairs 2017

Modi to launch Stand Up India initiative on Tuesday

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Modi to launch Stand Up India initiative on TuesdayNew Delhi, April 4 (IANS) Prime Minister Narendra Modi will  launch the Stand Up India initiative at Noida.

The initiative will promote entrepreneurship among the Scheduled Castes, Scheduled Tribes, and women, by facilitating loans in the range of Rs.10 lakh to Rs.100 lakh, an official statement said.

As per the scheme, each branch of a scheduled commercial bank shall facilitate at least two such loans. A web portal will also be launched for the initiative, to enable online registration and support services.

Modi will also flag-off 5,100 e-rickshaws and also interact with the beneficiaries, besides inaugurating a Kaushal Vikas Kendra (skilling centre).

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