NSIC rolls out SC/ST hub -Governance Now

NSIC rolls out SC/ST hub

The hub is aimed at providing professional support to SC/ST entrepreneurs, adopt applicable business practices and leverage Stand Up India initiative

GN Bureau | December 16, 2016

#NSIC #MSME #SC #ST #entrepreneurs

In its bid to provide professional support to budding SC/ST entrepreneurs, National Small Industries Corporation Ltd. (NSIC) has rolled out National Scheduled Caste and Scheduled Tribe (SC/ST) Hub, said minister of state for MSME Haribhai Parthibhai Chaudhary in a written reply to a question in the Lok Sabha.

The SC/ST Hub is designed to provide professional support to the reserved category entrepreneurs to fulfill the obligations under the public procurement policy for micro and small enterprises, adopt applicable business practices and leverage the Stand Up India initiative envisaged by Prime Minister Narendra Modi. The total estimated budget for the SC/ST Hub scheme for the period 2016-20 is Rs 490 crore.

The functions of the hub include collection, collation and dissemination of information regarding SC/ST enterprises and entrepreneurs, capacity building among existing and prospective reserved category entrepreneurs through skill training and entrepreneurs development programmes (EDPs), vendor development programmes, promoting participation of such entrepreneurs in exhibitions trade fairs and facilitating SC/ST entrepreneurs’ participating in public procurement and monitoring the progress.

Comments

Other News

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the