Dalit chamber plans Rs 500-cr venture capital fund
Proposed fund is likely to be operational by August
Hyderabad, Jan. 10:
The Dalit Indian Chamber of Commerce and Industry (DICCI) is planning
to create a venture capital fund with Rs 500 crore to provide seed
capital to Dalit entrepreneurs.
This was disclosed by Mr Milind Kamble, Founder-Chairman of DICCI, at
a function to launch the Andhra Pradesh chapter of the industry body
held here on Tuesday.
The proposed fund is likely to be operational by August this year.
The recent decision by the Union Government facilitating public sector
units to procure at least four per cent of their requirements from
Dalit entrepreneurs could generate a business of Rs 7,000 crore every
year in various segments, he added.
"Our association will act as a nodal agency to implement this
decision," he added.
Mr G Vivekanand, industrialist and Member of Parliament, asked the
State Government to pass a legislation to help the business
development of Dalit entrepreneurs.
It should also set up an exclusive venture capital fund to provide
seed capital to the Dalits, he added.
Mr N. Ravi Kumar, President of AP Chapter of DICCI, said banks were
not coming forward to provide loans to Dalits to set up/develop
The Government should tie-up with banks to facilitate easy
availability of credit to Dalit businesses, he added.
Deputy Chief Minister, Mr Damodar Rajanarasimha formally launched the
Get all ZESTCaste mails sent out in a span of 24 hours in a single mail. Subscribe to the daily digest version by sending a blank mail to ZESTMediafirstname.lastname@example.org, OR, if you have a Yahoo! Id, change your settings at http://groups.yahoo.com/group/ZESTMedia/join/
On this list you can share caste news, discuss caste issues and network with like-minded anti-caste people from across India and the world. Just write to email@example.com
TELL FRIENDS TO SIGN UP:-
If you got this mail as a forward, subscribe to ZESTCaste by sending a blank mail to ZESTCastefirstname.lastname@example.org OR, if you have a Yahoo! ID, by visiting http://groups.yahoo.com/group/ZESTCaste/join/
Also have a look at our sister list, ZESTMedia: http://groups.yahoo.com/group/ZESTMedia/Yahoo! Groups Links
<*> To visit your group on the web, go to:
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
(Yahoo! ID required)
<*> To unsubscribe from this group, send an email to:
<*> Your use of Yahoo! Groups is subject to: