Finance Minister P. Chidambaram proposed a venture capital fund with an initial capital of 200 crore rupees to promote entrepreneurship among scheduled castes and scheduled tribes. It will provide cheaper loans to them. He was presenting the Interim Budget 2014-15 in the Lok Sabha today. Mr. Chidanbaranm also proposed release of 1,200 crore rupees as additional Central assistance to the North Eastern States, Himachal Pradesh and Uttarakhand deserving special attention. The amount will be released before the end of this year. Cord Blood Banks to be exempted from service tax.
News On AIR | February 17, 2014 12:55 PM
200 crore rupees venture capital fund for SCs/STs