The scheme helps entrepreneurs from the scheduled caste and scheduled tribe communities by providing them professional support in setting up their businesses.
Under the National SC/ST Hub, SC/ST entrepreneurs will be encouraged to participate in government purchases through mentoring, workshops, capacity building, credit facilities and special subsidies.
For implementing the scheme, the hub will coordinate with major stakeholders like the Ministry of Micro and Small Enterprises, states, banks, ministries, private sector, academia and various industry associations.
The government has introduced Public Procurement Policy which makes it compulsory for Ministries/Departments/Public Enterprises to procure 4 % of their goods and services from SC/ST owned enterprises.
NSSH will facilitate Special Vendor Development Programmes to create meeting points between CPSEs/Ministries and SC/ST suppliers. Potential SC/ST vendors will be added in the supply chain and selected units will be supported through industry associations, financing schemes, technology up-gradation, etc.
A high powered committee headed by Ministry for MSME will monitor the overall activity of the hub supported by an Advisory Body and an Empowered Project Approval Board.
Under the scheme, various seminars, workshops and training programmes will be organized for SC/ST entrepreneurs on numerous issues like capacity building, business skills and developing financial linkages. They will be mentored by industry experts on facilitating business infrastructure, credit, technology and marketing support.
The scheme provides that each bank has offer a bank loan between Rs. 10 lakh and Rs. 1 Crore to at least one SC/ST owned enterprise. This is to support entrepreneurship among SC/ST community.
Under the scheme, 25 % capital subsidy on investment below Rs. 1 Crore will be provided to SC/ST entrepreneurs. Such enterprises can avail 100% subsidy on single point registration and 90% subsidy for Performance & Credit Rating Scheme.
The hub provides Special Marketing Assistance Scheme for SC/ST enterprises. Under the scheme, they will be assisted to visit or participate in various domestic and international exhibitions, seminars, trade fairs and other market-related activities.