National SC ST Hub Scheme, Providing Professional Support to SC-ST Entrepreneurs

National SC ST Hub: National SC ST Hub scheme is a government initiative to provide financial assistance, capacity building, and market linkage opportunities to these enterprises. National SC ST Hub is also important for UPSC Prelims Exam 2023 and UPSC Mains Exam (GS Paper 2- Various Government Schemes and Initiatives to welfare of various vulnerable sections of the population.

National SC ST Hub Scheme in News

Recently, in response to Union Minister Shri Narayan Rane’s tweet, the Prime Minister commended the National SC-ST Hub Scheme for surpassing over 100,000 beneficiary registrations. He further stated that by reinforcing the MSME sector, we are essentially reinforcing every stratum of the community.

National SC ST Hub Details

National SC ST Hub initiative is a government scheme to provide professional support to SC-ST entrepreneurs and thus promote inclusive growth.

• Parent Ministry: National SC ST Hub is being implemented by the Union Ministry of Micro, Small and Medium Enterprise (MSME).
• Key Mandate: The National SC ST Hub supports entrepreneurs of the SC and ST communities in capacity building, market linkages, finance facilitation and tender bid participation.
• Beneficiaries: National SC ST Hub initiative is applicable for Existing and Aspiring SC/ST Entrepreneurs.
• Significance: National SC ST Hub and various schemes under MSME Ministry aims to realize the dream of an Aatmnirbhar Bharat.
  • National SC-ST Hub scheme is being implemented for the purpose of employment generation, promotion of entrepreneurship, increasing GDP and boosting exports.

National SC ST Hub Scheme Objectives

The National SC-ST Hub (NSSH) has been set up 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,
  • To achieve 4% Public Procurement target from SC-ST entrepreneurs
• Facilitate SC/ST Entrepreneurs to be part of vendor development programs and mentoring support
• Collection, collation and dissemination of information regarding SC/ST enterprises and entrepreneurs
• Ensure Distribution of trade specific tool kits to trained candidates
• Adopt applicable business practices and
• Leverage the Stand-Up India initiative

Focus Areas under National SC ST Hub Scheme

The key action areas of National SC ST Hub Scheme include-

• Vendor development,
• Participation in public procurement,
• Building reliable database,
• Mentoring and handholding support,
• Policy advocacy with states,
• Credit facilitation,
• Capacity building,
• Private affirmative action,
• Technology upgradation,
• Marketing support, and
• Special subsidies under various schemes.

Sub-schemes under National SC ST Hub Initiative

The National SC ST Hub (NSSH) Initiative works on the mentioned priority areas through various sub-schemes which are as follows:

• 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

National SC-ST Hub Conclave to Empower and Promote Entrepreneurs among SC, ST Communities

National SC-ST Hub Conclave to Empower and Promote Entrepreneurs among SC, ST Communities

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