Sign In
Learn bits
Schemes & Policies
Mahesh

03/05/23 07:03 AM IST

National SC-ST Hub Scheme

In News
  • Prime Minister Narendra Modi has praised the National SC-ST Hub Scheme which crossed more than one lakh beneficiary registrations.
About the Scheme
  • The scheme was launched in October 2016 by Prime Minister Narendra Modi and is implemented by MSME Ministry’s National Small Industries Corporation (NSIC).
  • Under the government’s public procurement policy, a minimum of 25 per cent of the total annual value of goods and services bought from CPSEs should come from micro and small enterprises.
  • This includes the sub-target of a minimum of 4 per cent procurement from enterprises owned by SC/ST entrepreneurs and 3 per cent from women entrepreneurs.
  • According to the data available on the SC/ST hub portal, Rs 1,301.93 crore worth procurement was made from 8,828 SC/ST-owned MSEs in FY23. NSSH was allocated Rs 90 crores as per the revised estimates in FY23 while the budget estimates for FY24 stood at Rs 100 crores.
  • Till December 2022, a subsidy of Rs 15.24 crore was released under SCLCSS in respect of 98 claim applications of SC/ST MSEs.
  • Similarly, reimbursement of Rs. 15.03 lakh in respect of 48 SC/ST MSEs was made under different reimbursement subsidy schemes.
Source- AIR news

More Related Current Affairs View All

10 Jan

Rural landowners in Delhi want repeal of Sections 33 and 81 of Delhi Land Reforms Act

'Both sections dealing with the use and sale of agricultural land have come under the spotlight ahead of the Delhi Assembly elections.' This can only be done by the Central gove

Read More

10 Jan

Pravasi Bharatiya Diwas

'Prime Minister Narendra Modi inaugurated the 18th edition of the Pravasi Bharatiya Diwas  in Bhubaneswar.' The event is held once every two years to “honour the cont

Read More

10 Jan

Deciphering the Indus script

'Recently, Tamil Nadu Chief Minister M.K. Stalin announced a $1-million prize for experts or organisations in the event of their success in deciphering the scripts of the Indus Val

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps