Govt To Create 2.5Lakh Dalit Entrepreneurs Under Stand Up India

The Prime Minister Shri Narendra Modi launched the  Stand up India Start up India initiative in New Delhi in January. The launch by the prime minister was done at the virtual exhibition and interaction with Startup entrepreneurs.

The prime minister said he wishes to turn the youth of India from job –seekers and job- creators. If start up can offer employment to even few people, it would be doing a great service to the nation. He mentioned some areas where youth innovators should focus, including crop wastage, and cyber security.

At the inauguration of the 5th National Industrial & Trade Fair organised by Dalit Indian Chamber Commerce & Industry (DICCI) , Union Minister for MSME (Micro, Small & Medium Enterprises) Kalraj Mishra has announced that, 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.

According to Mishra’s observation the availability of adequate credit was always been a major issue and his ministry has taken several initiatives to address the challenges .The dalit Indian Chamber of Commerce & Industry has been encouraging and facilitating Dalit enterprise as a means of empowerment and has also ensured that the community contributes in the economy, and be the job givers, not job seekers.

Extra info:
  • 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. 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.
  • Minister of Micro, Small and Medium Enterprises – Kalraj Mishra

So lets do:

  • Who is the Minister of Micro, Small and Medium Enterprises?
  • Govenment of india plan to create how many dalit entrepreneurs under Stand Up India?
Source – The Hindu


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