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Over Rs.48,000 crore allocated for Scheduled Castes

Posted on Feb 17 2014 | IANS

New Delhi, Feb 17 : Presenting the interim budget ahead of the general elections, Finance Minister P. Chidambaram said Monday that an allocation of Rs.48,638 crore has been made for the Scheduled Castes sub-plan and Rs.30,726 crore for the Tribal sub-plan.

The finance minister also said any shortcomings could be addressed when the regular budget is presented.

He added: "In order to promote entrepreneurship among the Scheduled Castes and to provide concessional finance to them, IFCI (Industrial Finance Corporation of India) will set up a Venture Capital Fund for Scheduled Castes. I propose to provide an initial capital of Rs.200 crore, which can be supplemented."

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