National Scheduled Caste and Scheduled Tribe Hub to be set-up

In an another important announcement, Shri Arun Jaitley said that it is proposed to constitute a National Scheduled Caste and Scheduled Tribe Hub in the MSME Ministry in partnership with industry associations. This Hub will provide professional support to Scheduled Caste and Scheduled Tribe entrepreneurs to fulfil the obligations under the Central Government Procurement Policy 2012, adopt global best practices and leverage the Stand Up India initiative.

The Finance Minster also announced the approval given by the Union Cabinet to the "Stand Up India Scheme" to promote entrepreneurship among SC/ST and women. Rs.500 Crore has been provided for this purpose. The Scheme will facilitate at least two such projects per bank branch, one for each category of entrepreneur. This will benefit at least 2.5 lakh entrepreneurs, the Minister elaborated.

Shri Jaitley said the schemes for welfare and skill development for Minorities such as Multi-Sectoral Development Programme and USTAAD shall be implemented effectively.

Source : Equity Bulls

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