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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

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