Stand Up India scheme: Govt to create 2.5 lakh Dalit entrepreneurs under plan
Stand Up India scheme: About 2.5 lakh Scheduled Caste and Scheduled Tribe (SC/ST) entrepreneurs would be created under the Centre’s Stand Up India scheme, Union Minister for MSME (Micro, Small & Medium Enterprises) Kalraj Mishra has said. “Under Stand up India initiative, each of the 1.25 lakh bank branches would be encouraged to fund a SC/ST and woman entrepreneurs to create 2.5 lakh new entrepreneurs in the country,” Industrial & Trade Fair organised by Dalit Indian Chamber Commerce & Industry (DICCI) in Mumbai.
'Stand up India' scheme: Prime Minister Modi, who will launch the 'Stand up India' scheme and its web portal at Sector 62 in Uttar Pradesh's Noida city today, said earlier that the initiative would promote entrepreneurship among women, SC and ST communities. (Reuters)
Stand Up India scheme: There would be a special support structure for innovation based start-ups. "The government will unveil a blue print for start-ups to ease the process of setting up new venture very shortly," he said. Mishra observed that availability of adequate credit was always a major issue and his ministry has taken several initiatives to address the challenges. (AP)
Stand Up India scheme: "The ministry is implementing major schemes like Prime Minister Employment Generation Programme (PMEGP), a credit-linked subsidy programme for creation of employment in both rural and urban area of the country. PMEGP is providing relaxation to SC/ST beneficiaries. (Reuters)
Stand Up India scheme: "For urban SC/ST beneficiaries, margin money subsidy is provided at 25 per cent of the project cost while it is 35 per cent in rural areas," he said. The minister also said that the Dalit Indian Chamber of Commerce & Industry has been encouraging and facilitating Dalit enterprise as a means of empowerment and that the community contributes in the economy, and be the 'job givers, not job seekers'. (Reuters)
Stand Up India scheme: On the occasion, Minister for Heavy Industries Anant Geete said there is a promising road ahead for Dalit entrepreneurs. "As many as 292 PSUs in India have been mandated procure 20 per cent of their requirements from MSME sector. Of this, 4 per cent has to be from Dalit enterprises, which translates into a sizable market" he said. (Reuters)
Stand Up India scheme: Earlier, Chief Minister Devendra Fadnavis inaugurated Trade Fair and stressed on the need of empowerment of entrepreneurs. The fair has 350 stalls, including 30 stalls belonging to the Central PSUs. Seminars on MSE procurement policy, B2B meetings, buyer-seller meetings are being organised on themes important for entrepreneurs, in addition to programmes designed to promote business opportunities and capacity-building. (PTI)