Union Minister for Social Justice and Empowerment Shri Thaawarchand Gehlot e-launched the “Ambedkar Social Innovation and Incubation Mission (ASIIM)”. The mission has been launched under the Venture Capital Fund for Scheduled Castes (SCs) in order to promote innovation and enterprise among SC students studying in higher educational institutions.
The Objective of this fund is to provide concessional finance to the entities of the SC entrepreneurs. Under this fund, 117 companies promoted by SC entrepreneurs have been sanctioned financial assistance to set up business ventures. Under the name “Ambedkar Social Innovation Incubation Mission (ASIIM)” initiative, 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.
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