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DICCI hails PM Modi’s steps to boost SC/ST entrepreneurs

Updated: Apr 08, 2016 10:09:21am
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Pune, Apr 8 (KNN) The Dalit Indian Chambers of Commerce & Industry (DICCI) is all of praises for Prime Minister Narendra Modi saying he has accepted all the demands from the SC/ST entrepreneurs to uplift them.

Modi recently launched the Stand-Up India Programme in Noida, Uttar Pradesh. The scheme proposes to leverage the institutional credit structure to reach out to SC/ ST under-served entrepreneur’s sectors of the population by facilitating bank loans.

Talking to KNN, the President of Dalit Indian Chambers of Commerce and Industry (DICCI), Milind Kamble said that it is the biggest financial inclusion programme that the country ever came up with.

Stating that the scheme would be benefiting as many as 1.25 Lakh SC/ST entrepreneurs as well as the 1.25 Lakh women entrepreneurs of the country, Kamble said, “When we met the Prime Minister, he gave us a very good response.”

DICCI had urged the PM to come up with credit guarantee schemes for the SC/ST entrepreneurs and now they are getting a cover of Rs. 50 lakh to 15 crore, Kamble said.

He further said that the Government has also made venture capital funds in which one can get the a assistance up to Rs 15 crore. The Industrial Financial Corporation of India (IFCI) is operating all these schemes.

He recalled pointing out to the PM about lack of collateral free loans for the SC/ST entrepreneurs.

“We told the PM that we don’t have collateral free loans, and then he came up with Stand-Up India scheme where they give collateral free loans from Rs 10 lakh to Rs 1 crore,” said DICCI Chief.

Kamble was also quite happy about the National SC/ST Hub which was approved in the Union Budget 2016.

Number of SC/ST entrepreneurs has grown rapidly after the liberalisation; he said adding that 15 per cent of total SME entrepreneurs are SC/ST. (KNN Bureau)

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