Empowering MSMEs with News & Insights

NSDH to be set up under MSME Min for SC/ST entrepreneurs

Updated: Jun 04, 2016 06:45:51am

NSDH to be set up under MSME Min for SC/ST entrepreneurs

Pune, June 4 (KNN) With an objective to provide opportunities for SC, ST business owners to showcase their goods and services, Ministry of Micro, Small and Medium Enterprises (MSME) would soon set a National Supplier Development Hub (NSDH)‎.

The project is being taken care of by the Secretar, Ministry of MSME, KK Jalan.

Talking to KNN, the President of Dalit Indian Chamber of Commerce & Industry (DICCI), Milind Kamble said, “We asked the Government that NSDH should be an autonomous body controlled by MSME Secretary headquartered in Delhi as well as the regional headquarters should be there so that local entrepreneurs can reach with the people for their problems.”

The objective of the NSDH is to certify and register SC, ST businesses to participate in NSDH, monitor the activities and transactions facilitated through NSDH and develop & implement a strategy to connect NSDH buyers and suppliers to increase the number of transactions, said the President.

He said that the NSDH and its regional/state level hubs play an important role in certifying that a business is a SC, ST owned & managed in accordance with diversity procurement requirements. For this purpose, SC, ST businesses are defined as those businesses that are at least 51 per cent owned, operated, and controlled by persons who are from Scheduled Castes and/or Scheduled Tribes communities.

He also stated that NSDH board will have the representatives from the Government, DICCI, CII, FICCI, ASSOCHAM and some other genuine Private Sector Associations.

The NSDH would be set up as a not for profit public company under section 8 of the Companies Act, 2013 with a capital base of Rs.500 crores to open opportunities for SC, ST owned & managed MSMEs and to solve the growing need for supplier diversity. (KNN Bureau)


    Be first to give your comments.


Required fields are marked *