Grants of Rs 57. 26 lakh to seven entrepreneurs

Grants of Rs 57. 26 lakh to seven entrepreneurs

NASHIK: Under the ‘Stand Up India’ scheme of the Central government, financial assistance of Rs. 57,26,700 has been given to seven new entrepreneurs belonging to the backward class in the Nashik division. A total of 11 applications were received for the financial year 2020-21. After scrutiny by the Nashik regional office of the Social Welfare Department, a grant of Rs 28,08, 800 has been distributed to three applicants from the Nashik district.

Under this scheme, the remaining 15% is being paid by the Social Justice Department of the state government to the Scheduled Castes and Neo-Buddhists who are eligible to avail concessions for the Scheduled Castes in the state of Maharashtra after paying 10% self-share and the bank approves 75% loan to the applicant under ‘Stand Up India’ scheme. The Central government has announced the ‘Stand Up India’ scheme in 2015.

Under this, the government decided to provide ‘margin money’ for the Scheduled Castes and the elements of the neo-Buddhist community. Under the Central government’s ‘Stand Up India’ scheme, the beneficiaries of Scheduled Castes and Neo-Buddhists who are eligible for concessions in the state are provided with a margin money of more than fifteen per cent of the total project cost as they do not have the capacity to pay ‘Margin Money’. Bhagwan Veer, Regional Deputy Commissioner, Social Welfare has appealed to the entrepreneurs from Scheduled Castes and NeoBuddhists to submit more applications for this scheme.

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