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National SC-ST Hub Scheme: Supporting SC/ST Entrepreneurs

By Diksha

Updated on:

National SC-ST Hub Scheme: Supporting SC/ST Entrepreneurs

National SC-ST Hub Scheme: Supporting SC/ST Entrepreneurs – The National SC/ST Hub was launched to provide professional support to Scheduled Caste and Scheduled Tribe Entrepreneurs to fulfil the obligations under the Central Government Public Procurement Policy for Micro and Small Enterprises Order 2012, adopt applicable business practices and leverage the Stand-Up India initiative.

Prime Minister Narendra Modi praised the National SC-ST Hub Scheme for crossing over one lakh beneficiary registrations. the national SC-ST Hub Scheme aims to strengthen the MSME sector amounts to strengthening every section of society.

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National SC-ST Hub Scheme

  • Ministry: – Ministry of Micro, Small and Medium Enterprises
  • Launch: – October 18th, 2016
  • Implementing Body: – National Small Industries Corporation (NSIC)

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National SC-ST Hub Scheme – Purpose

  • It aims to create a conducive environment that encourages and helps SC/ST entrepreneurs in meeting the mandated 4% procurement by Central Public Sector Enterprises (CPSEs) as specified in the Government’s Public Procurement Policy for Micro and Small Enterprises.

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The NSSH various sub-schemes

  • Special Credit Linked Capital Subsidy Scheme
  • Special Marketing Assistance Scheme
  • Single Point Registration Scheme
  • Bank Loan Processing Reimbursement Scheme
  • Bank Guarantee Charges Reimbursement Scheme
  • Testing Fee Reimbursement Scheme
  • Export Promotion Council Membership Reimbursement Scheme
  • Top 50 NIRF-Rated Management Institution’s Short-Term Training Program Fee Reimbursement Scheme
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