PM launches National SC/ST hub and Zero Defect – Zero Effect scheme

Prime Minister 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. Besides, he also presented National Awards to MSMEs.

He also distributed 500 traditional wooden charkhas (spinning wheels) among women.

Comment

ZED Scheme is meant to raise quality levels in unregulated MSME sector which is engine of growth for Indian economy.

MSME sector drives almost 38% of nation’s GDP and around employs 110 million employees.

The scheme will be cornerstone of the Central Government’s flagship Make in India programme, which is aimed at turning India into a global manufacturing hub, generating jobs, boosting growth and increase incomes.

Current Affairs 18th October, 2016
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