PM Modi launches national SC/ST hub in Ludhiana

0

Prime Minister Narendra Modi on Tuesday launched the National SC/ST Hub in Ludhiana 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.

Also Read:  UPA left a ‘terrible legacy’ behind, PM Modi doesn’t want to do that: Arun Jaitley

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.

Also Read:  Modi govt dodges RTI request on expense on Arun Jaitley's foreign trips,13 in 12 months

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.

Also Read:  90 Punjabis to fly to India to campaign for AAP

Finance Minister Arun Jaitley in his budget speech had announced setting up of the National SC/ST Hub under the MSME Ministry.

(With inputs from PTI)

LEAVE A REPLY

Please enter your comment!
Please enter your name here