With reference to ‘stand up India scheme’, which of the following statement is/are correct?

With reference to ‘stand up India scheme’, which of the following statement is/are correct?

1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
2. It provides for refinance through SIDBI.

Select the correct answer using the code given below.(2016)

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 and 2

C

Stand up India  scheme promotes entrepreneurship among SC/ST and Women entrepreneurs, and facilitates at least two such projects per bank branch.

The Stand Up India Scheme provides for refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of Rs. 10,000 crore