Narendra Modi, the Prime Minister of India, will launch the Stand Up India initiative at Noida today.
According to the government, the initiative will promote entrepreneurship among the Scheduled Castes, Scheduled Tribes, and Women, by facilitating loans in the range of Rs. 10 Lakhs to Rs. 100 Lakhs.
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.
The Prime Minister will flag-off 5100 e-rickshaws on the occasion. He will interact with the beneficiaries, besides inaugurating a Kaushal Vikas Kendra (Skilling Centre).
Photo courtesy: BJP