1. Budget 2016: Rs 500 cr to help SC/ST do better business

Budget 2016: Rs 500 cr to help SC/ST do better business

Budget 2016: The scheme will facilitate at least two such projects per bank branch, one for each category of entrepreneur and will benefit 2.5 lakh people

By: | Published: March 1, 2016 2:15 AM

Budget 2016: The government on Monday said it had provided Rs 500 crore to boost the efforts of scheduled caste and scheduled tribe entrepreneurs in starting and running successful business enterprises.

The government is already committed to promoting entrepreneurship and the Cabinet has approved the “Stand Up India Scheme” to promote entrepreneurship among SC/ST community and women.

The scheme will facilitate at least two such projects per bank branch, one for each category of entrepreneur and will benefit at least 2.5 lakh entrepreneurs. A National Scheduled Caste and Scheduled Tribe Hub in the MSME ministry will be constituted in partnership with industry associations.

This hub will provide professional support to SC and ST entrepreneurs to fulfil the obligations under the government’s procurement policy 2012, adopt global best practices and leverage the Stand Up India initiative.

The government also said that 300 Rurban Clusters will be developed under the Shyama Prasad Mukherjee Rurban Mission. These clusters will incubate growth centres in rural areas by providing infrastructure amenities and market access for the farmers. They will also expand employment opportunities for the youth.

In a move to transform villages and small towns, Rs 2.87 lakh crore will be given to Gram Panchayats and municipalities. This is a quantum jump of 228% compared to the previous five year period.

The funds now allocated, translate to an average assistance of over Rs 80 lakh per Gram Panchayat and over Rs 21 crore per Urban Local Body. An allocation of

Rs 9,000 crore has been provided for Swachh Bharat Abhiyan. The government has introduced ranking of urban areas in sanitation, which has resulted in constructive competition among towns and cities.

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  1. Suraj Kumar
    Jan 18, 2018 at 12:24 pm
    I am a graphic designer. I want to business in graphic designing but i have not enough money. Please help me
    Reply
    1. Jon Gasrter
      Jan 17, 2018 at 10:09 pm
      Please hallp me
      Reply
      1. Jon Gasrter
        Jan 17, 2018 at 10:07 pm
        I want a new busines I have no mone
        Reply
        1. R
          Ritupan Boruah
          Jan 9, 2018 at 6:09 pm
          I am post graduate unemployed . I want to be a businessman but havn't money.
          Reply
          1. K
            KRISHNA BORAH
            Jan 6, 2018 at 6:43 pm
            I am starting one paper cup maker machin . I have not started work because I have no money..
            Reply
            1. K
              KRISHNA BORAH
              Jan 6, 2018 at 6:36 pm
              Me ek paper cup making machine factory khol ne ke liye muje poisa jarorot hai.
              Reply
              1. K
                KRISHNA BORAH
                Jan 6, 2018 at 6:27 pm
                I m interested in the business
                Reply
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