Ministry of Social Justice & Empowerment
Ambedkar Social Innovation and Incubation Mission Under VCF-SC
Posted On:
10 FEB 2021 7:14PM by PIB Delhi
The Ministry of Social Justice & Empowerment, Government of India in order to boost entrepreneurship and innovation among the SC students/SC Divyang youth has launched Ambedkar Social Innovation and Incubation Mission (ASIIM) under Venture Capital Fund for Scheduled Castes (VCF-SC) on 30th September 2020.
The companies/entrepreneurs owned by Scheduled Castes enrolled /registered with Technology Business Incubators (TBIs) are eligible to get maximum capital of Rs.30 lakhs over a period of 3 years i.e. Rs.10 lakhs every year.
Financial support of up to Rs.10 lakhs per year for a period of 3 years aggregating to Rs.30 Lakhs shall be provided to eligible applicants as equity funding.
This information was given by Minister of State for Social Justice and Empowerment Shri Rattan Lal Katariain a written reply in RajyaSabha today.
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NB/SK/jk/SJ&E -10-02-2021
(Release ID: 1696875)
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