<h1>Union Cabinet Approves Stand Up India Scheme for SC/ST and Women Entrepreneurs, Targets 2.5 Lakh Beneficiaries Nationwide.</h1> The Union Cabinet has approved the Stand Up India Scheme to promote entrepreneurship among SC/ST and women. This initiative aims to facilitate at least two projects per bank branch, benefiting around 2.5 lakh borrowers within 36 months. The scheme includes a Rs. 10,000 crore refinance window through SIDBI and a credit guarantee mechanism via NCGTC. It provides loans between Rs. 10 lakh and Rs. 100 lakh for greenfield enterprises in the non-farm sector, with a repayment period of up to 7 years. The scheme also offers handholding support, including familiarization with factoring services and online platforms, to enhance borrower capabilities.