About 2.5 lakh SC/ST entrepreneurs would be created under the Centre's Stand Up India initiative, Union Minister for Micro, Small & Medium Enterprises (MSMEs) Kalraj Mishra has said. Each of the 1.25 lakh bank branches would be encouraged to fund a SC/ST and a woman entrepreneurs under the Initiative, he said.<br/><br/>The Minister was speaking at the inauguration of the 5th National Industrial & Trade Fair organised by Dalit Indian Chamber Commerce & Industry (DICCI) in Mumbai today.<br/>Mr. Mishra said, there would be a special support structure for innovation based start-ups, including funding from the government. He further said, The government will unveil a blue print for start-ups to ease the process of setting up new venture very shortly. <br/><br/>On the occasion, Minister for Heavy Industries Anant Geete said there is a promising road ahead for Dalit entrepreneurs. He noted that as many as 292 PSUs in India are mandated to procure 20 per cent of their requirements from MSME sector. Of this, 4 per cent has to be from Dalit enterprises, he said.
News On AIR | March 25, 2016 8:28 PM
Govt to create 2.5 lakh SC/ST entrepreneurs under Stand Up India