Tuesday, January 4, 2011

[ZESTCaste] Montek tells dalit firms to set up fund for community



Montek tells dalit firms to set up fund for community
TNN, Jan 4, 2011, 04.42am IST

NEW DELHI: Planning Commission deputy chairman Montek Singh Ahluwalia
on Monday urged a group of dalit entrepreneurs to set up a dedicated
venture capital fund to finance business projects taken up by the
socially neglected community.

While Congress-led UPA is trying to bring back its lost constituency,
the deputy chairman assured the delegation that the government might
consider picking up part of the stake in the venture capital fund for
salit entrepreneurs. The issue came up at a meeting Ahluwalia had with
a delegation of the salit businessmen under the banner of Dalit Indian
Chamber of Commerce and Industry, as part of the consultation process
for formulating the 'Approach paper' for the 12th Five Year Plan.

While being invited to hold consultation with the commission for the
first time, the dalit businessmen demanded that the government
increase the share of their products in its procurement to encourage
such entrepreneurs. The group also demanded that financial
institutions should relax collateral norms for financing projects
being taken up by dalits to encourage their participation in the
country's booming economy.

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