Govt. Launched Rs 200 Cr venture Capital Fund for OBCs

Govt. Launched Rs 200 Cr venture Capital Fund for OBCs

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A New scheme Venture Capital Fund for OBCs, on similar lines as Venture Capital Fund for SCs to be launched with an initial corpus of Rs. 200 crore, said the Ministry of Social Justice & Empowerment.

A new scheme Venture Capital Fund for OBCs will be launched as per the Budget proposal, said the ministry.

Rs. 140 crore has been provided for it in 2018-19, it added.

The ministry informed that the Skill Development Training has been given to 13,587 manual scavengers and their dependents. 809 manual scavengers and their dependents have been provided bank loans.

Dr. Thawar Chand Gehlot, Cabinet Minister for Ministry of Social Justice & Empowerment have expressed his ministry’s commitment towards the holistic development of the society. This step is a positive move in that direction.

There is an increase of 12.10% in the budget allocation for Ministry of Social justice and Empowerment in the Union Budget 2018-19 over 2017-18.

It added that for the first time, National Survey will identify victims of drug abuse. The survey covers 185 districts, 1.5 lakh households and 6 lakh individuals.

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