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FM says Stand UP India scheme would extend up to 2025
Economy

FM says Stand UP India scheme would extend up to 2025

Agency News

New Delhi, July 5: Union Finance Minister Nirmala Sitharaman on Friday stated that the government has decided to extend the Stand Up India scheme up to 2025.

“Stand-Up India Scheme has delivered enormous benefits. The country is witnessing emergence of thousands of entrepreneurs from women and also from the Scheduled Castes and Scheduled Tribes, most of them assisted to set up their businesses and industry with capital provided under the Stand-Up India Scheme”, Ms Sitharaman said while presenting Union Budget in Parliament.

The Minister added that banks will provide financial assistance for demand based businesses under this scheme, including for acquisition of scavenging machines and robots. She also pointed out that the Ministry of Petroleum and Natural Gas has enabled SC/ST entrepreneurs in providing bulk LPG transportation and added that "in a matter of two years over 300 entrepreneurs have emerged".

She also said that machines and robots have been deployed to do scavenging which also saved the manual scavengers their dignity. "The synthesis between stand up and start up with commercial banks playing the catalyst has brought this transformational change", Ms Sitharaman said. (UNI)