India, March 19 -- The Government of India issued the following news release:
The Government has introduced various Schemes to promote entrepreneurship and innovation amongst Scheduled Castes. The Venture Capital Fund for Scheduled Castes (VCF-SC), with a corpus of Rs. 750 crore, provides concessional finance ranging from Rs. 10 lakh to Rs. 15 crore at a 4% coupon rate. This fund is managed by IFCI Venture Capital Ltd.
Additionally, the Ambedkar Social Innovation and Incubation Mission (ASIIM), supports SC students, researchers, and entrepreneurs in Technology Business Incubators (TBIs) and Atal Incubation Centers (AICs). Under ASIIM, Rs. 30 lakh equity funding is provided over three years to help start-ups in sectors such as agriculture ...