India, Nov. 11 -- Cabinet Extends Stand-Up India Scheme Until 2031 The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of the Stand-Up India Scheme for another five years, until March 31, 2031. The extended programme will have a credit guarantee corpus of Rs 4,111 crore and aims to promote entrepreneurship among women, Scheduled Castes (SCs) and Scheduled Tribes (STs).

The government expects the scheme to provide financial assistance to an additional 2.5 lakh entrepreneurs during the next five years. Since its launch in April 2016, the initiative has facilitated loans to more than 2.75 lakh women, SC and ST entrepreneurs, supporting the establishment of new businesses and expanding economic opportun...