Ministry of Social Justice & Empowerment has sprung up with Ambedkar Social Innovation & Incubation Mission under the roof of Venture Capital Fund to encourage entrepreneurship and promote innovation among the SC youth and the focus on providing special privileges to Divyangs. This scheme launched by Social Justice & Empowerment Minister Shri Thaawar Chand Gehlot will be rendering a support system to innovative ideas till 2024.
The Indian government is working on future-oriented strategies with the hope of the establishment of 1,000 start-ups led by entrepreneurs from SCs during the course of three years.
Dalit techies will be getting the golden opportunity to incubate their ideas and concepts through the entrepreneurship programme known as Ambedkar Social Innovation & Incubation Mission. Under the scheme, the advisory bodies consist of legal advisors, digital marketing experts, chartered accountants, etc. will be lending their respective services.
This scheme will formulate a business incubator hub to render assistance in the realm of finance as well as innovation. Uplifting the socially disadvantaged groups has become the need of the hour in a progressive nation like India. The introduction of Ambedkar Social Innovation & Incubation Mission would have filled the hearts of Scheduled Castes folks with a rainbow of expectations and desire to live an enhanced life. Under the new plan, the selection of around a thousand SC category students would take place. The mission’s fund flow will take place via the Venture Capital Fund for Scheduled Castes set up in 2016 with an Rs 500 crore corpus.
The noteworthy features of Ambedkar Social Innovation & Incubation Mission are mentioned below-
Under Ambedkar Social Innovation & Incubation Mission, the following scheduled caste youth are eligible to receive support-
Endeavoring to nurture the interest towards entrepreneurship in the hearts of socially underprivileged groups, Ministry of Social Justice & Empowerment brought the innovation-driven initiative known as Ambedkar Social Innovation & Incubation Mission (ASIIM) under the cover of Venture Capital Fund for SCs.
The major value-rich objectives of this scheme are depicted below-
The scheme anchored by the Indian government, Stand up India Initiative endeavors to grant fund-lending based support to women entrepreneurs and those who belong to SC/ST category of different regions of Indian society. The objective behind the emergence of this scheme is to foster entrepreneurship among women and SCs as well as STs. One of the most notable purposes behind the introduction of this initiative is to assist banks in granting loans between Rs. 10 lakh and Rs. 1 crore to at least one Scheduled Caste/Scheduled Tribe applicant and one woman entrepreneur per bank branch in encouraging and supporting them so that they can kick start their own enterprises and become self-reliant.
In order to apply for loans under Stand-Up India scheme, applicants must visit the nearest bank branch and ascertain whether 1-person quota for Scheduled Caste/Scheduled Tribe category or one woman entrepreneur per bank branch is available or not. If yes, he/she may proceed ahead for filling in and submitting the application form and necessary documents to apply for a loan under PM’s Stand-up India scheme. The application form may get downloaded from the link given below-
Through Stand-up India Scheme, the Indian government is promoting economic empowerment and playing a significant role in job creation. The scheme is all set to benefit minimum 2.5 lakh borrowers through 1.25 lakh bank branches located nationwide. This scheme lends a digital platform to benefit entrepreneurs belonging to SC/ST category and women entrepreneurs through credit guarantee, handholding support and circulating in-depth information on financing. In addition to this, other services offered under the Stand-up India Scheme are training, guidance, mentorship, and skill development programmes for the all-round development of entrepreneurs.
As an Aatmnirbhar Sena, we are embracing the development-driven initiative known as Ambedkar Social Innovation & Incubation Mission by Indian Government. With our relentless efforts, we are endeavouring to make this scheme an incredible success. We shall extend our full-fledged support and co-operation by furnishing essential service and creating awareness about the initiative among SCs students belonging to disadvantaged groups.
We shall lend our selfless services in the direction of spreading awareness so that the scheme must come into the knowledge of the maximum number of people. Our associate trainers and mentors would be a source of guidance for those who want to break the shackles of unemployment along with miseries of life.
To Wrap Up
Ambedkar Social Innovation & Incubation Mission Initiative by Social Justice & Empowerment Minister Shri Thaawar Chand Gehlot came into existence to foster entrepreneurship and promote innovation among the SCs youth. The scheme has brought a ray of sunshine in the lives of people belonging to families of poverty-stricken SCs as in the forthcoming years, they can think of making their mark in the world along with enjoying the privilege of being self-reliant.
At Aatmnirbhar Sena, we are endeavouring to make SC Youth understand the worth of Ambedkar Social Innovation & Incubation Mission. Most importantly, experts and mentors associated with us are readily available to guide the SC youth and women entrepreneurs in the direction of paving their way amid the existing competition.