Centre debuts ‘Venture Capital Fund’ backing for tribal entrepreneurs

Boosting Entrepreneurship Among Tribals: Centre Launches Venture Capital Fund

New Delhi – In a bid to promote entrepreneurship among tribal communities, the Centre has introduced the ‘Venture Capital Fund for Scheduled Tribes’. This first-of-its-kind initiative aims to provide financial support to tribals involved in various businesses, including manufacturing, allied sectors, start-ups, and technology incubation units. The scheme, which offers concessional finance at a reduced interest rate, aims to ensure asset creation and self-reliance among tribal entrepreneurs.