Prime Minister Narendra Modi launches national SC/ST hub

Prime Minister Narendra Modi on Tuesday launched the National SC/ST Hub to provide support to entrepreneurs from the community. With an initial outlay of Rs 490 crore, the hub will work towards strengthening market access/linkage, monitoring, capacity building, leveraging financial support schemes and sharing industry-best practices.

It will also enable central public sector enterprises to fulfill the procurement target set by the government.The Public Procurement Policy 2012 stipulates that 4 per cent of procurement done by ministries, departments and CPSEs will have to be from enterprises owned by SC/ST entrepreneurs.

 The MSME sector, including the service segment, is a key driver of India’s economic growth as it contributes nearly 38 per cent to the country’s gross domestic product (GDP) and employs close to 11 Crore people.

Leave a Reply

Your email address will not be published. Required fields are marked *

Show Buttons
Hide Buttons