96,000 loan sanctions recorded

The Standup Mitra Portal, which was set up by SIDBI, under the guidance of the department of financial services, ministry of finance, to pioneer national mission of StandUp India, has successfully recorded more than 96,000 loan sanctions worth more than Rs 21,000 crore as on September 30, 2020. The portal was launched in April 2016 to extend online financial assistance to the unserved and underserved segment of the society without the need of visiting any bank branch and apply for the loan online under the Stand-Up India.