Claim: Government is offering women collateral-free loans of up to one crore rupees under the Stand Up India scheme.
Fact-check: Stand-Up India scheme aims to promote entrepreneurship among the SC/ST and Women by facilitating bank loans - FACTLY
Verdict: stand-up india scheme guidelines specify that banks are required to facilitate at least one borrower from the sc or st community and at least one woman borrower per branch for establishing a greenfield enterprise. though the loans offered under the scheme do not require collateral, the guidelines specify a mandatory margin ranging from 10% to 15% of the loan amount. hence, the claim made in the post is partly true.
Organisation: FACTLY
Author: Chaitanya
Date published: 2023-12-29T12:48:15