PIB News Update: Minister of State for Social Justice and Empowerment Shri Rattan Lal Kataria has informed that The Ministry of Social Justice & Empowerment, Government of India in order to boost entrepreneurship and innovation among the SC students/SC Divyang youth has launched Ambedkar Social Innovation and Incubation Mission (ASIIM) under Venture Capital Fund for Scheduled Castes (VCF-SC) on 30th September 2020.
The companies/entrepreneurs owned by Scheduled Castes enrolled /registered with Technology Business Incubators (TBIs) are eligible to get maximum capital of Rs.30 lakhs over a period of 3 years i.e. Rs.10 lakhs every year.
Financial support of up to Rs.10 lakhs per year for a period of 3 years aggregating to Rs.30 Lakhs shall be provided to eligible applicants as equity funding.