New Delhi, Feb 17 IANS | 9 months ago

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."

(Posted on 17-02-2014)

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