ForumIAS LATEST
- SFG FRC 2027 | Program starts from 19th Dec. 2026 | Admissions open for Entrance Test Click Here to know more →
- Prelims Test Series (PTS) for Prelims 2027 starts 11th Oct. 2026 Click Here to know more →
- [Pre-order] Ethics Redbook 3rd Edition: Delivery starts from 10th October onwards Click Here to Read More →
- 21 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 11th Oct. Click Here to Read More →
News: Ministry of Social Justice and Empowerment launched the Ambedkar Social Innovation and Incubation Mission under Venture Capital Fund for SCs
Facts:
Objective:
- 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 the Department of Science and Technology.
Features:
- Under the mission, 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.
- 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.
- Successful ventures would further qualify for venture funding of up to Rs. 5 Crore from the Venture Capital Fund for SCs
Additional Information:
Venture Capital Fund for SCs
- It was launched in 2014-2015
- Aim: To develop entrepreneurship amongst the SC and Divyang youth and to enable them to become job-givers.
- Objective: to provide concessional finance to the entities of the SC entrepreneurs.
