Current Affairs for Exams

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PM Narendra Modi launches 'Stand up India', an endeavor to support SC/ST and women entrepreneurs. 
 
 
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Aim: To promote entrepreneursip among people from Scheduled castes and Scheduled Tribes & Woman 
 
The objective of the Stand-Up India Scheme is to facilitate bank loans between 10 lakh to 100 lakh to atleast one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and atleast one Woman borrower per bank branch of all scheduled commercial banks for setting up a greenfield enterprise. 
 
Key highlights of Startup India action plan  
・A dedicated Start-up fund worth Rs. 10,000 crore will be created for funding of Start-ups.  
・Start-ups will be exempted from paying income tax on their profit for the first three years.  
・Government is working on a simple exit policy for Start-ups.  
・Government is working towards fast-tracking of Start-up patent applications.  
・An eighty percent exemption in patent fee for Start-up businesses. 
・Atal Innovation Mission will be launched to give a boost to innovation</div>

Prime Minister launches Stand Up India initiative

PM Narendra Modi launches 'Stand up India', an endeavor to support SC/ST and women entrepreneurs. Aim: To promote entrepren...