Which of the following is "INcorrect" regarding Stand-Up India Scheme.
1
It was launched by Ministry Social Justice and Empowerment (MoSJ&E).
2
It was launched to promote entrepreneurship at grassroot level focusing on economic empowerment and job creation.
3
It was launched on 5th April 2016.
4
It facilitates bank loans between Rs.10 lakh and Rs.100 lakh to at least one SC/ST borrower and at least one-woman borrower per bank branch of Scheduled Commercial Banks.