<p style=”margin-bottom: 8px; text-align: center;”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><b><span style=”color:black”>Source -PIB</span></b></span></span></span></span></p>
<p style=”margin-bottom: 8px; text-align: center;”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><b><span style=”color:black”>GS PAPER –1,2</span></b></span></span></span></span></p>
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<p style=”margin-bottom:8px”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><b><span style=”color:black”>Context</span></b><span style=”color:black”> – </span><span style=”background:white”><span style=”font-family:"Arial","sans-serif"”><span style=”color:black”>Union Minister for Social Justice and Empowerment Shri ThaawarchandGehlote-launched the “Ambedkar Social Innovation and Incubation Mission (ASIIM) under Venture Capital Fund for SCs”through Video Conferencing here today with a view to promoting innovation and enterprise among SC students studying in higher educational institutions</span></span></span></span></span></span></span></p>
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<p style=”margin-bottom:8px”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><b><span style=”background:white”><span style=”font-family:"Arial","sans-serif"”><span style=”color:black”>KEY FACTS</span></span></span></b></span></span></span></span></p>
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<li style=”margin-left:8px”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><span style=”background:white”><span style=”font-family:"Arial","sans-serif"”><span style=”color:black”>Ministry of Social Justice had launched the Venture Capital Fund for SCs (VCF-SC) in 2014-15 with a view to developing entrepreneurship amongst the SC/Divyang youth and to enable them to become 'job-givers’. </span></span></span></span></span></span></span></li>
<li style=”margin-left:8px”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><span style=”background:white”><span style=”font-family:"Arial","sans-serif"”><span style=”color:black”>The Objective of this fund is to provide concessional finance to the entities of the SC entrepreneurs. </span></span></span></span></span></span></span></li>
<li style=”margin-left:8px”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><span style=”background:white”><span style=”font-family:"Arial","sans-serif"”><span style=”color:black”>Under this fund, 117 companies promoted by SC entrepreneurs have been sanctioned financial assistance to set up business ventures.</span></span></span></span></span></span></span></li>
<li style=”margin-left:8px”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><span style=”background:white”><span style=”font-family:"Arial","sans-serif"”><span style=”color:black”>1,000 SC youth would be identified in the next 4 years with start-up ideas through the Technology Business Incubators (TBIs) in various higher educational institutions. </span></span></span></span></span></span></span></li>
<li style=”margin-left:8px”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><span style=”background:white”><span style=”font-family:"Arial","sans-serif"”><span style=”color:black”>They will be funded @ Rs. 30 lakhs in 3 years as equity funding so that they can translate their start-up ideas into commercial ventures. </span></span></span></span></span></span></span></li>
<li style=”margin-left:8px”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><span style=”background:white”><span style=”font-family:"Arial","sans-serif"”><span style=”color:black”>Ministry has decided to launch ASIIM through the Venture Capital Fund for Scheduled Castes (VCFSC).</span></span></span></span></span></span></span></li>
<li style=”margin-bottom:8px; margin-left:8px”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><span style=”background:white”><span style=”font-family:"Arial","sans-serif"”><span style=”color:black”> It’s objectives include: To promote entrepreneurship among the SC Youth with special preference to Divyangs; To support (1,000) innovative ideas till 2024 through a synergetic work with the Technology Business Incubators (TBIs) set up by Department of Science and Technology; To support, promote, hand-hold the start-up ideas till they reach commercial stage by providing liberal equity support; and To incentivise students with innovative mind-set to take to entrepreneurship with confidence.</span></span></span></span></span></span></span></li>
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