Prime Minister Narendra Modi on Tuesday launched the National SC/ST Hub to provide support to entrepreneurs from the community.
What is National SC/ST Hub about?
- 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.
- It has an initial outlay of Rs 490 crore.
- 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(Ministry of Micro Small and Medium Enterprises) 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.
- Finance minister Arun Jaitley in his budget speech had announced setting up of the National SC/ST Hub under the MSME Ministry.
The Launch of ZED scheme
The Prime Minister also launched zero defect, zero effect (on environment) (ZED) scheme, distributed charkhas to women and presented national awards to outstanding micro, small and medium enterprises.
What is it about?
- It denotes high quality manufacturing with a minimal negative impact on environment
- It is aimed at raising quality levels in the unregulated MSME sector..
- ZED will hand-hold MSMEs across the country in all Make in India sectors through quality control cells constituted by the government,
- Quality control cells will rate them after carrying out annual assessment of their products.
The ZED scheme was first mentioned by Modi in his Independence Day speech in 2014.
What will it target?
The assessment model based on quality and environment parameters designed by the Quality Council of India will initially target units belonging to sectors like textiles, apparel, food products and beverages, among others.
The official PMO account tweeted the announcement.
A spirit of entrepreneurship among Dalits will benefit us. There are youngsters whose dreams are to create enterprises and jobs: PM— PMO India (@PMOIndia) October 18, 2016
We have to bring the poor into the economic mainstream because India’s progress is closely linked with this: PM @narendramodi— PMO India (@PMOIndia) October 18, 2016
Can our MSME sector only keep looking at the market in India? No. Let us look at global market & match their quality control standards: PM— PMO India (@PMOIndia) October 18, 2016