Scheme of Venture Capital Fund for Scheduled Castes, News - EUROPE SAYS
The Scheme of Venture Capital Fund for Scheduled Castes was launched in 2014-15 by the Ministry of Social Justice and Empowerment. Read more about Scheme of Venture Capital Fund for Scheduled Castes,. . .
The Scheme of Venture Capital Fund for Scheduled Castes was launched in 2014-15 by the Ministry of Social Justice and Empowerment. Read more about Scheme of Venture Capital Fund for Scheduled Castes, NewsScheme of Venture Capital Fund for Scheduled Castes Latest NewsThe Scheme of Venture Capital Fund for Scheduled Castes is enabling Scheduled Caste entrepreneurs to establish technology-driven manufacturing enterprises, generate quality employment and contribute to India’s vision of self-reliance. About Scheme of Venture Capital Fund for Scheduled CastesIt was launched in 2014-15 by the Ministry of Social Justice and Empowerment. Purpose: To provide concessional finance to SC entrepreneurs and priority is given to Women/Disabled SC EntrepreneursInitial Capital: Initial Capital of the Fund was Rs. 200 crore, which is to be supplemented every year. Structure of the scheme: The Fund has been set up and registered under AIF regulations 2012 underSEBI, with GoI as the Anchor investor and IFCI Ltd. as Sponsor investor. It has the unique feature of advancing loans from Rs. 10 lakhs to Rs. 15 Crore. Funding patternFinancial assistance upto Rs 5 Crore – Investment under this category shall be funded maximum upto 75% of the project cost and the balance 25% of the project cost will be funded by the promoters;Financial assistance above Rs. 5 Crore: Investment under this category shall be funded maximum upto 50% of the project cost. At least 25% of the project cost has to be financed by bank/other institutions. Balance 25% of the project cost will be funded by the promoters. Objectives of the Venture FundIt is a social sector initiative to be implemented nationally in order to promote entrepreneurship amongst the SCs who are oriented towards innovation and growth technologies. To provide concessional finance to the SC entrepreneurs, who will create wealth and value for society and at the same time will promote profitable businesses. To increase financial inclusion for SC entrepreneurs and to motivate them for further growth of SC communities. To develop SC entrepreneurs economically. To enhance direct and indirect employment generation for SC population in India. Source:PIBLatest UPSC Exam 2026 UpdatesLast updated on July, 2026→UPSC Mains 2026will be conducted on 21st, 22nd, 23rd, 29th and 30th August 2026. →UPSC Mains Admit Card 2026is expected to be released in early August at upsc. gov. in or upsconline. nic. in→ Enroll in Vajiram & Ravi’sUPSC Mains Test Series 2026for structured answer writing practice, expert evaluation, and exam-oriented feedback. → Go through theUPSC Mains Previous Year Papersto enhance your preparation. → DownloadUPSC Mains Essay Paper 2025,UPSC Mains GS Paper-I 2025,UPSC Mains GS Paper-II 2025,UPSC Mains GS Paper-III 2025,UPSC Mains GS Paper-IV 2025,UPSC Mains English (Compulsory) Paper 2025,UPSC Mains Hindi (Qualifying) Paper 2025here. → UPSC has releasedUPSC Toppers List 2025with the Civil Services final result on its official website. →UPSC Calendar 2027has been released. → Also checkBest UPSC Coaching in IndiaScheme of Venture Capital Fund for Scheduled Castes FAQsQ1. What is the main objective of Scheme of Venture Capital Fund for Scheduled Castes ?+Q2. Scheme of Venture Capital Fund for Scheduled Castes is implemented by which Ministry?+Tags:prelims pointersscheme of venture capital fund for scheduled castesupsc current affairsupsc prelims current affairsPrevious ArticleBroad PeakAt Vajiram & Ravi, our team includes subject experts who have appeared for the UPSC Mains and the Interview stage. With their deep understanding of the exam, they create content that is clear, to the point, reliable, and helpful for aspirants. Their aim is to make even difficult topics easy to understand and directly useful for your UPSC preparation—whether it’s for Current Affairs, General Studies, or Optional subjects. Every note, article, or test is designed to save your time and boost your performance. Related PostsCoursesTags:businessEntrepreneurshipScheme of Venture Capital Fund for Scheduled Castes