Under the Stand-Up India Scheme, bank loans from Scheduled Commercial Banks (SCBs) are provided in what range for eligible beneficiaries?

The correct option is ₹10 lakh to ₹1 crore.

Step-by-step Explanation:

1. Understanding the Stand-Up India Scheme:
The Stand-Up India Scheme was launched by the Government of India on April 5, 2016, with the primary objective of promoting entrepreneurship at the grassroots level. It specifically targets economic empowerment and job creation among women entrepreneurs and individuals belonging to Scheduled Castes (SC) and Scheduled Tribes (ST).

2. Loan Size and Range:
Under the operational guidelines of the scheme, Scheduled Commercial Banks (SCBs) are mandated to extend bank loans between ₹10 lakh and ₹1 crore. This financial support is intended to help eligible beneficiaries set up greenfield (new) enterprises in trading, manufacturing, services, or agricultural-allied sectors.

3. Key Eligibility and Features:

⇒ The loan is provided to at least one SC or ST borrower and at least one woman borrower per bank branch.
⇒ In the case of non-individual enterprises, at least 51% of the shareholding and controlling stake must be held by either an SC/ST or a woman entrepreneur.
⇒ The loan is a composite loan (inclusive of term loan and working capital) covering up to 75% of the project cost, though the borrower's contribution can be blended with other schemes to reduce their own margin money requirement.