LUDHIANA: Prime Minister Narendra Modi unveiled the National SC/ST Hub to give support to entrepreneurs from the community.
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The hub will enhance market access/linkage, monitoring, capacity building, leveraging financial support schemes and sharing industry-best practices. Around 490 crore have been implemented for the hub.
It will likewise empower focal open division undertakings to satisfy the acquisition target set by the legislature.
The Public Procurement Policy 2012 stipulates that 4 for every penny of obtainment done by services, divisions and CPSEs will must be from undertakings possessed by SC/ST business visionaries.
The MSME division, including the administration section, is a key driver of India's monetary development as it contributes almost 38 for each penny to the nation's (GDP) and utilizes near 11 Crore individuals.
Fund serve Arun Jaitley in his spending discourse had reported setting up of the National SC/ST Hub under the MSME Ministry.