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

RBI pauses to assess inflation risks, policy transmission

The Reserve Bank of India (RBI) has begun the new fiscal year with a calibrated pause, keeping the repo rate unchanged at 5.25 per cent in its April Monetary Policy Committee (MPC) meeting. The decision, taken unanimously, reflects a shift from aggressive policy action to cautious observation after a signi

New pathways for tourism growth

Traditionally, India’s tourism policy has been based on three main components: the number of visitors, building tourist attractions and providing facilities for tourists. Due to the increase in climate-related issues and environmental destruction that occurred over previous years, policymakers have b

Is the US a superpower anymore?

On April 8, hours after warning that “a whole civilisation will die tonight,” US president Donald Trump, exhibiting his unique style of retreating from high-voltage brinkmanship, announced that he agreed to a two-week ceasefire with Iran. The weekend talks in Islamabad have failed and the futur

Machines communicate, humans connect

There is a moment every event professional knows—the kind that arrives without warning, usually an hour before the curtain rises. Months of meticulous planning are in place. And then comes the call: “We’ll also need a projector. For the slides.”   No email

Why India is entering a ‘stagflation lite’ phase

India’s macroeconomic narrative is quietly shifting—from a rare “Goldilocks” equilibrium of stable growth and contained inflation to a more fragile phase where external shocks are beginning to dominate domestic policy outcomes. The numbers still look reassuring at first glance: GDP

Labour law in India: A decade of transition

The story of labour law in India is not just about laws and codes, but also about how the nation has continued to negotiate the position of the workforce within its economic framework. The implementation of the Labour Codes across the country in November 2025 marks a definitive endpoint in the process. Yet


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter