Under the Central governmentâ€™s venture capital funds financial assistance scheme for Scheduled Caste entrepreneurs, Maharashtra has emerged as the top destination for funds sanction.
Of the Rs 150.45 crore sanctioned so far, Maharashtra accounts for Rs 37.6 crore. The state also leads in the number of companies (12) that have received sanctions for this fund so far.
For instance, Yash Cotton Yarn Pvt Ltd has been sanctioned Rs 9.8 crore to set up a spinning mill in Akola.
According to IFCI data, of the 20.13 crore scheduled-caste population in India, only about 1,000 are active entrepreneurs. The fund provides financial assistance of Rs 50 lakh to Rs 15 crore.
These sanctions have been made across the state and across industries, according to data from the website of IFCI Venture Capital Fund Ltd, which runs this scheme for the government.
However, full disbursal of the sanctioned amounts is yet to happen. The venture fund has disbursed around Rs 77.39 crore among 17 companies so far. Of these, three are from Maharashtra, though it is not clear which firms have received the amounts.
The Rs 200-crore venture fund scheme for SC entrepreneurs was announced in the February 2014 budget. It was kick started around January 2015 by the IFCI.
A report that is issued every week covers price statistics and objective analysis of the market trends on various textile value chains
A crisp report that is issued every month covers analysis of the price and market trends on various textile value chains
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
Countries Served Worldwide