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55,000+ loans provided under Stand-Up India Scheme

ANI  |  New Delhi [India] 

Approximately 55,000 loans have been provided by the government under the Stand-Up India Scheme (SUPI), said on Tuesday.

The number of loans given by public sector, private and regional banks under the Stand-up India Scheme stand at 51,888, 2,445, and 1,009 respectively upto March 7, 2018.

Further, regional rural banks have sanctioned 180 loans to borrowers of Scheduled Castes (SC) category.

Guidelines on the SUPI have been issued by government to banks, said.

These, inter alia, include collateral free loans through credit guarantee scheme, convergence with state and central government schemes wherever feasible, simplified application form, through the portal, handholding support, designated for SUPI, among others.

The banks extends SUPI loan to commercially viable proposals as per bank's board approved policy in this regard.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 19:48 IST