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Why Ease of Doing Business is better for SC/ST entrepreneurs than purchase reservations

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Milind Kamble, chairman of the Dalit Indian Chamber of Commerce and Industry, makes a catchy point when he says, as he did in an Express Group Idea Exchange interaction, that “capital can break caste system … market and money will defeat anti-capital Marx and Manu”. In this view of the world, if Dalit entrepreneurs can succeed in creating wealth, this will serve as inspiration to millions of others. Getting there, however, is easier said than done.

At Kamble’s suggestion, when the government tried to ensure a market for MSMEs by reserving a fifth of all purchases of PSUs and ministries for them, a certain portion was reserved for SC/ST entrepreneurs. At 4% of the total spending of around Rs 6 lakh crore, this means government........

© The Financial Express