Center Starts Venture Capital Fund For SCs To promote Entrepreneurship Growth

26 April, Jalandhar

Centre has started Venture Capital Fund for Scheduled Castes to promote entrepreneurship amongst SCs for their further growth.

Under this social sector initiative, SCs who have entrepreneur skills and oriented towards innovation would be provided concessional finance to start their businesses.

Minister of State for Social Justice and Empowerment, Vijay Sampla said at Jalandhar Saturday that the equity based scheme will also help SCs in creating wealth and value for the society. It will also enhance direct and indirect employment generation for SC population in the county

The scheme has been launched with an initial capital of 200 crore rupees. Industrial Finance Corporation of India, IFCI, will act as a Nodal Agency to operate it.

Since Punjab has the maximum percentage and Uttar Pradesh has maximum population of Scheduled Caste community, SC entrepreneurs in both the states are going to get the most of the scheme.

Leave a Reply

Your email address will not be published. Required fields are marked *