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Q.Explain the special support extended by the Government of Telangana to the SC/ST entrepreneurs in our state.
Telangana TsbieTSBIE Telangana Intermediate (2nd Year) Commerce Board 2018Subjective· 5mImportance★★★★★est
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Start your 14-day free trial to unlock the full solution →Telangana helps SC/ST entrepreneurs through the T-PRIDE scheme and related measures — larger investment and interest subsidies, power-cost reimbursement, reserved industrial plots, margin-money help, preference in government purchases, and training with single-window clearance (TS-iPASS).
Special support by the Government of Telangana to SC/ST entrepreneurs
SC and ST communities have historically lacked the capital, collateral and business background needed to become industrialists. To correct this and encourage self-employment, the Telangana government extends several special supports, studied in the TS Intermediate 2nd-year Commerce entrepreneurship unit:
- T-PRIDE scheme (Telangana State Programme for Rapid Incubation of Dalit Entrepreneurs) — the flagship programme that offers SC and ST entrepreneurs incentives at higher rates than general entrepreneurs, including a larger investment (capital) subsidy, interest subsidy on term loans, reimbursement of a part of the power (electricity) cost, and reimbursement of other charges.
- Reserved industrial plots — a share of plots and sheds in government industrial parks, estates and areas is reserved for SC/ST units, often at concessional prices.
- Margin-money and seed-capital assistance — financial help to meet the promoter's own contribution, so that bank loans become easier to obtain.
- Preference in government procurement — reservation or preference for SC/ST enterprises in government and public-sector purchases. …
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