Mr. Thaawarchand Gehlote, Hon’ble Union Minister for Social Justice and Empowerment launched the “Ambedkar Social Innovation and Incubation Mission (ASIIM) under Venture Capital Fund for SCs” through Video Conferencing on September 30, 2020. To promote SC entrepreneurs with special preference to Divyangs.
- 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.
- Start-ups nominated and supported by corporates through CSR(Corporate Social Responsibility, is a type of international private business self-regulation that aims to give back to the community, take part in philanthropic causes, and provide positive social values) funds.