Narendra Modi Prime Minister of India will launched two schemes national SC/ST hub and zero defect zero effect scheme during the visit in Ludhiana on Tuesday. The Union Minister of Micro Small and Medium Enterprises and Minister of state said Prime Minister of India Narendra Modi announce two schemes at Punjab Agriculture University event.
Entrepreneurs supported by the SC/ST hub from SC and ST community which helps the entrepreneur in public procurement. The minister announced that the ministry has made a proposal of Rs 490 for the national SC/ST hub for the session 2016 to 2022.
This scheme will provide the financial benefits help to the entrepreneurs of ST or ST hub. Under this scheme they will be provide loans on the minimum premium and interest rates by the respective banks of this scheme.
By taking the benefit of this scheme the entrepreneurs will be able to grow their firms with maximum profit.
This scheme will encourage the entrepreneurs to adopt the new modern and clean technology for sustainable growth.
Under this scheme the sectors are divided and a specific amount of loan is specified for each sector. The ZED model scheme will provide adequate training and funding to move up and to enhance the quality of the products.
So the ZED effect model will emphasize on the qualitative delivery with zero defects. So the ZED model is launched to provide opportunity to enhance the new technologies in the enterprises which will bring a expected profit to the small enterprises.