He said the meeting would review the performance of public sector banks (PSBs) and financial institutions to provide loans to people belonging to the SC community and implement other welfare measures.
In this meeting to be chaired by the Finance Minister, the participation of the Chairman will be seen. National Commission for Scheduled Castes (NCSC), Financial Services Secretary and other senior officers.
At least one SC/ST borrower and one woman borrower per bank to facilitate bank loan of Rs.10 lakh to Rs.1 crore to promote entrepreneurship among SC/ST and women in Stand-up India Scheme 2016 branch was started. Establishment of new enterprises in trade, manufacturing and service sectors.
In 2019-20, Stand-up India was extended for the entire period with 15th date Finance Commission The period 2020-25.
The scheme, being implemented through all scheduled commercial banks, is expected to benefit at least 2.5 lakh borrowers. As per the latest government data, a total of 1,44,223 loans have been sanctioned to women and SC/ST entrepreneurs across the country till July 22, 2022 under this scheme.
Under PMMY, collateral-free institutional loans up to Rs 10 lakh are provided by Member Lending Institutions (MLIs) to micro/small business units for income generation activities for manufacturing, trading, services and agriculture related activities. ,
Since the inception of PMMY, more than 35.88 crore loans amounting to Rs 19.61 lakh crore have been extended till July 1, 2022.