Prime Minister Narendra Modi will launch the Stand Up India initiative at Noida on Tuesday.
The initiative will aim at promoting entrepreneurship among Scheduled Castes, Scheduled Tribes, and women. Under the initiative, the communities will be provided loans in the range of Rs 10 lakh to Rs 100 lakh, an official statement said.
As per the scheme, 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 also flag-off 5,100 e-rickshaws and then interact with the beneficiaries. Modi will also inaugurate a Kaushal Vikas Kendra (skill development centre).
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