In the new boost to ‘Start-Ups’ in India, PM Narendra Modi makes his robust move by launching “Stand-Up India” scheme for SC/STs, and also launched 5100 e-rickshaws to initiate the rickshaw-service through app with the collaboration of Ola transportation app.

Launched 5100 e-rickshaws for Delhi/NCR region

Allowing people to book rides in Delhi-NCR, PM Modi has launched e-rickshaw category on the transportation app Ola for the promotion of entrepreneurship in India as a part of initiative “Stand-Up India”.

Prime Minister Narendra Modi while inaugrating e-rickshaw service in "Stand-Up India" initiative.
Prime Minister Narendra Modi while inaugurating e-rickshaw service in “Stand-Up India” initiative.

“A total of 5,100 Ola e-rickshaws will be launched in partnership with Bhartiya Micro Credit (BMC) at the event and will be deployed across Delhi, Gurgaon, Noida, Faridabad and Ghaziabad. This will be further scaled up in the coming months to more small towns and Tier III cities,” Ola Chief Operating Officer Pranay Jivrajka said.

It will however, not charge any extra convenience fee from users as is the case with auto rickshaws, he further added.

The company will charge 10 per cent commission from rickshaw pedallers. The fare of rickshaw service will differ city to city, we have learnt that users will have to pay Rs. 25 for two km. and Rs. 8 per km. for the following distance. Users can pay cash or also use Ola money, the company’s wallet service for payment.

“Citizens in these cities and towns currently suffer from lack of convenient and reliable mobility options, especially for short distances. E-rickshaws are an affordable and greener alternative in these cities that can serve mobility needs unique to these small towns and cities in India,” he said.

“Stand-Up India” scheme for SC/STs

In the gala inauguration ceremony of ‘Stand-Up India’ initiative in Noida, Uttar Pradesh, PM Modi said on Tuesday, “This is  a way of generating huge employment opportunities in the country.”

PM Modi speaking in 'Stand-up India' initiative in Noida, Uttar Pradesh.
PM Modi speaking in ‘Stand-up India’ initiative in Noida, Uttar Pradesh.

The event as a part of “Stand-up India” initiative aims at creating jobs and promoting entrepreneurs among SC/ST and women by extending loans at cheaper rates.

What is the scheme?

The scheme of ‘Stand-Up India’ was approved by the cabinet in January for providing credit to SC/ST and women entrepreneurs at lower rates. Under the scheme, which will be implemented through 1.5 lakh bank branches, it has decided that banks will give loans at the least rate of interest.

At the inauguration, PM Modi said, “Stand up India aims to empower every Indian and enable them to stand on their own feet. Today’s job seekers will be job creators of tomorrow.”

Modi went on to say, “Those who are at the bottom of the economic pyramid should be given every chance to rise. We should make all possible efforts to encourage entrepreneurship in these sections. If this country has to progress, then work has to start even in the smallest of all places,” Modi emphasised.

Modi added, “I had announced this plan of ‘Startup India, Standup India’ on August 15…. Now, even the most deprived sections of the society are getting opportunities to come forward.”