Venture Capital Fund Scheme for Scheduled Caste (SC) was launched by Ministry of Social Justice and Empowerment in 2014-15 to help SC entrepreneurs achieve their potential and achieving economic empowerment. It was started with initial capital of Rs. 200 crore and IFCI Ltd. will act as Sponsor, Settler and Asset Management Company (AMC) / Nodal Agency to operate the scheme.
Under the scheme, financial assistance upto Rs.15.00 Crore for a period upto 6 years would be provided to the SC entrepreneurs.
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