Prime Minister Narendra Modi on Tuesday Oct 18,2016 launched the National SC/ST Hub in Ludhiana,Punjab,India 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 % 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 % to the
country’s gross domestic product (GDP) and employs close to 11 Crore
people.
Finance Minister Arun Jaitley in his budget speech had announced setting up of the National SC/ST Hub under the MSME Ministry.
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