PM Modi launches Stand up India to promote financial inclusion - In Pics

Noida: Giving a push to government's financial inclusion programme, Prime Minister Narendra Modi on Tuesday launched the Stand-up India scheme under which 1.25 lakh bank branches will provide loans up to Rs 1 crore to SC/ST and women entrepreneurs.

At a function, which was organised to mark birth anniversary of dalit leader and former Deputy Prime Minister Babu Jagjivan Ram, Modi flagged off 5,100 e-rickshaws.

Explaining the contours of Stand-up India programme, Modi said this will help in creating 2.5 lakh entrepreneurs throughout the country as every bank branch will be required to provide two such loans ranging from Rs 10 lakh to Rs 1 crore without collateral for setting up a new enterprise.

Stressing that it is not possible for the government to provide jobs to everyone, the Prime Minister said the scheme will convert "job-seekers into job-creators...This scheme is going to transform the lives of people from dalit and tribal communities."

Stand up India, he said, aims to empower every Indian and enable them to stand on their own feet.

The scheme was announced by PM Modi in his Independence Day address.

Following are some of the pictures from the event: 

On board the e-rickshaw…these e-rickshaws will transform the lives of several people. #TransformingIndia pic.twitter.com/5FdkqEoasc

— Narendra Modi (@narendramodi) April 5, 2016

'Chai Pe Charcha' with beneficiaries of e-rickshaws & their families. Glad to see them so happy. pic.twitter.com/M7gVjRgxCy

— Narendra Modi (@narendramodi) April 5, 2016

Our faith is in the people of India. Their skills will take India to newer heights of progress. pic.twitter.com/ipjSyZ5Fdb

— Narendra Modi (@narendramodi) April 5, 2016

PM @narendramodi flagging off the e-Rickshaws at launching ceremony of #StandUpIndia programme in Noida, U.P. pic.twitter.com/IqA5pRiuoj

— PIB India (@PIB_India) April 5, 2016

PM Shri @narendramodi sharing a light moment with people at #StandUpIndia launch Watch live:https://t.co/MvliOQ367Z pic.twitter.com/v3GCqtFo0j

— MIB India (@MIB_India) April 5, 2016

PM Shri @narendramodi being welcomed at the Launch of #StandUpIndia pic.twitter.com/9Hytben3hT

— MIB India (@MIB_India) April 5, 2016

PM Shri @narendramodi launches logo of #StandUpIndia pic.twitter.com/2gdoYPafdx

— MIB India (@MIB_India) April 5, 2016

PM Shri @narendramodi giving away loan certificates to new entrepreneurs at the launch of #StandUpIndia. pic.twitter.com/3q0ib3Zo59

— MIB India (@MIB_India) April 5, 2016

PM Shri @narendramodi giving away e-rickshaws and other benefits at the launch of #StandUpIndia. pic.twitter.com/QbBWbFTTvS

— MIB India (@MIB_India) April 5, 2016

PM Shri @narendramodi visiting the Exhibition, at the launch of #StandUpIndia scheme pic.twitter.com/MrafR3jf0F

— MIB India (@MIB_India) April 5, 2016

Hon'ble PM began another mission today to empower the poor and marginalised through #StandUpIndia pic.twitter.com/e9tLUDzxMI

— Jayant Sinha (@jayantsinha) April 5, 2016

(With PTI Agency)