Prime Minister Sri Narendra Modi launched the National SC/ST hub and the Zero Defect, Zero Effect (ZED) scheme for Micro, Small and Medium Enterprises (MSMEs) at Ludhiana in Punjab. ZED Scheme aims to deliver top quality products using clean technology. The slogan of Zero Defect, Zero Effect (ZED) was first mentioned by PM in his Independence Day speech in 2014. It was given for producing high quality manufacturing products with a minimal negative impact on environment.
• The objective of the SC/ST Hub is to provide professional support to entrepreneurs from the SC/ST.
• It also seeks to promote entrepreneurship among the SC/ST people and to enable them to participate more effectively in public procurement.
• It will work towards strengthening market access/linkage, capacity building, monitoring, sharing industry-best practices and leveraging financial support schemes.
• It would enable Central Public Sector Enterprises (CPSEs) to fulfill the procurement target set by the government. The Public Procurement Policy 2012 stipulates that 4 per cent of procurement done by Ministries, Departments and CPSEs would have to be from enterprises owned by SC/ST entrepreneurs.
• The ministry has made an initial allocation of Rs 490 crore for the period 2016-2020 for the Hub.
• The scheme will also contribute to the Central Government’s Make in India program, which is aimed at turning India into a global manufacturing hub, generating jobs, boosting growth and increase incomes.