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Govt grants Rs 236cr loans to SCs via VCF

Our Staff Reporter, New Delhi
17/04/2017   0 Comments

Government  has  sanctioned  loans  amounting  to  Rs  236.66 crores through Venture Capital Fund (VCF) to Scheduled Castes for various enterprenuerial activites since the Fund's inception in 2014-15.


The scheme of  Venture Capital Fund for Scheduled Castes was launched in 2014-15 with the unique feature of higher level of  loans from  Rs 50 lakh  to Rs.15 crores for SC entrepreneurs.  

 

Till date Loans amounting to Rs.236.66 crores to 65 Scheduled Caste entrepreneurs has been sanctioned in different areas including Solar Energy, Water treatment plants, Food processing and Beverages, Hotel. This was stated by Thaawarchand Gehlot, Union Minister for Social Justice and Empowerment told media on “Major Social Welfare Initiatives” yesterday.

 

In 9 projects, beneficiaries have started repayment and the Scheme is also having multiplying effect on other SC entrepreneurs. 


So far as the Skill Development is concerned, Training is undertaken by all State Governments under the Scheduled Caste Sub Plan and by National Scheduled Caste Finance and Development Corporation (NSFDC),  National Safai Karamcharis Finance and Development Corporation (NSKFDC) and  National Backward Classes Finance and Development Corporation (NBCFDC) given to 1.5 lakh beneficiaries from 2014-15 to 2016-17. 48.42% got wage/self-employment. 


Under Entrepreneurship, over 17 lakh people have benefitted from subsidy given for loan taken for economic activities in the last three years under Scheduled Caste Sub Plan. Over 8.12 lakh beneficiaries have been given loans by the Corporations for entrepreneurships in the last three years. 

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