Lok Sabha Question No. 1194 (UNSTARRED), answered on 2021-02-09
Subject: Venture Capital Fund Scheme for SCs
Ministry: SOCIAL JUSTICE AND EMPOWERMENT
Asked by: Shobha Karandlaje

## GOVERNMENT OF INDIA MINISTRY OF SOCIAL JUSTICE AND EMPOWERMENT LOK SABHA

## UNSTARRED QUESTION NO.1194 TO BE ANSWERED ON 09.02.2021

## VENTURE CAPITAL FUND SCHEME FOR SCs

## 1194. KUMARI SHOBHA KARANDLAJE:

Will the Minister of SOCIAL JUSTICE AND EMPOWERMENT be pleased to state:

- (a) whether the Venture   Capital Fund Scheme for  Scheduled Castes was launched to promote entrepreneurship among SCs;
- (b) if so, the eligibility criteria for selecting the SC entrepreneurs under the scheme;
- the details of the interest  ratel returns envisaged on investment and the amount of assistance provided under the Scheme;
- (d) the details and the number of the Companies owned by SC entrepreneurs sanctioned financial assistance under the scheme during the last five years, till March 31, 2020;
- (e) whether the budget allocated for scheme has come down drastically due to successive years of underutilization and if so, the details thereof; and
- whether  the Government has taken measures   for creating awareness regarding this scheme through and electronic media and if SO, the details thereof ? print

## ANSWER

## MINISTER OF STATE FOR SOCIAL JUSTICE AND EMPOWERMENT (SHRI RATTAN LAL KATARIA)

- (a): entrepreneurship among Scheduled Castes (SCs) in FY 2014-15.
- (b): Companies/Entrepreneurs having at least 51% stake holding by SC entrepreneurs with management control:
- (c The details of' the interest rate returns envisaged on investment and the amount of assistance provided under the Scheme are as under:
- Interest 8% p.a. is charged on the assistance provided through Optionally Convertible Debentures (OCDs);
- (ii) Higher of &% p.a. or valuation on investment;
- (iii) Financial assistance from Rs.10 Lakh to Rs.15 Crore is provided under the scheme;
- (iv) Companies owned by SCs enrolled registered with Technology Business Incubators (TBIs) are eligible to get maximum Capital of Rs.30 lakhs over a period of 3 years i.e. Rs.10 lakhs every year.
- (d): The details and the number of the Companies owned by SC entrepreneurs sanctioned financial assistance under the scheme during the last five years, till March 34, 2020 are as below and the detail is annexed as per Annexure:
- (e): No Sir, the Budget allocation is made regularly to meet the projected need of funds. being
- (f): Yes Sir; Awareness about the scheme is created through  various mode of promotions viz   seminars,  webinars, conferences including media and the details are as under: being
- Meets conferences have been conducted across various states including Jammu and Kashmir UT, Punjab, Chhattisgarh, Madhya Pradesh; Gujarat; Kerala; Rajasthan; Uttarakhand, Jharkhand, Bihar; Rajasthan; Chandigarh UT, Punjab, Telangana,
- ii. Created awareness through participation in various conferenceslexhibitions organized by leading Associations/Institutions/Industry Associations Composite  Camps, Credit Camps, Fairs and other events organized by MOSJAE; Banks & various associations.
- iii. Advertisements have been published in leading & local Newspapers across the country.
- iv. Use of social media platforms like Facebook, Twitter and LinkedIn for spreading the awareness of the scheme.
- Exclusive website (i.e. WWW. vcfsc.in) has been developed to facilitate online applications:
- vi. Promotion of scheme through State Scheduled Caste Development Finance Corporations,  Industry Associations,  Premier  Educational  Institutions across the country have also been done.
- vii Webinars are also conducted frequently towards the awareness campaign. being

| Financial Year   |   No. of Companies owned by SC entrepreneurs sanctioned financial assistance |
|------------------|------------------------------------------------------------------------------|
| 2014-15          |                                                                            2 |
| 2015-16          |                                                                           22 |
| 2016-17          |                                                                           20 |
| 2017-18          |                                                                           17 |
| 2018-19          |                                                                           26 |
| 2019-20          |                                                                           20 |

also planning to organize   weekly  webinar in Coordination with Dalit  Indian  Chamber of Commerce and Industry (DICCI) and various mentors appointed by the Ministry to spread awareness about the scheme.

****

Annexure referred to in reply to Para (d) of Lok Sabha Unstarred Question No: 1194 for 09.02.2021 regarding "Venture Capital Fund Scheme for SCs

Year wise and State wise name of Companies Sanctioned Financial Assistance under VCF-SC

| SNo_   | Sanction FY   | Name of the Company Sanctioned Financial Assistance   | State           | Sanction Amt: (in Rs.Cr)   |
|--------|---------------|-------------------------------------------------------|-----------------|----------------------------|
|        |               | Janagal Exports Pvt Ltd                               | Punjab          | 4.82                       |
| 2      | 2014-15       | Vera Net Synthetics Pvt Ltd                           | Gujarat         | 2.00                       |
|        | 2015-16       | Ltd                                                   | Maharashtra     | 4.56                       |
| 2      |               | Aabon Smit Alloys Pvt Ltd                             | Tamilnadu       | 2.35                       |
| 3      |               | Abhyudaya Green Economic Zone Pvt Ltd                 | JAndhra Pradesh | 14.68                      |
|        |               | BP Sons Pvt Ltd                                       | Uttar Pradesh   | 4.81                       |
|        |               | Chandan and Chandan Industries Pvt Ltd                | Delhi NCR       | 1.97                       |
|        |               | Dartyens Power Pvt Ltd                                | [Telangana      | 4.47                       |
|        |               | Dona Doni Fashion Pvt Ltd                             | Haryana         | 4.76                       |
|        |               | Duku Innovates Pvt Ltd                                | Uttar Pradesh   | 0.12                       |
| 9      |               | GD Foods & Beverages Pvt Ltd                          | Tamilnadu       |                            |
| 10     |               | Harshamitra Oncology Pvt Ltd                          | Tamilnadu       | 4.80                       |
|        |               | Harshraj Oil and Foods Industries Pvt Ltd             | Maharashtra     | 1.13                       |
| 12     |               | Krispylicious Foods Pvt Ltd                           | Delhi NCR       | 0.53                       |
| 13     |               | Kuchekar Fitness Management Pvt Ltd_                  | Maharashtra     | 0.75                       |
| 14     |               | Mallur Flora and Hospitality Pvt Ltd                  | Karnataka       | 8.00                       |
| 15     |               | Metal Tech Construction Pvt Ltd                       | Pondicherry     | 1.00                       |
| 16     |               | MGM Infra Development Solutions Pvt Ltd               | [Punjab         | 8.50                       |
| 17     |               | MML Medical and Health Services India Pvt Ltd         | Telangana       | 3.63                       |
| 18     |               | Palnadu Solar Power Pvt Ltd                           | Andhra Pradesh  | 15.00                      |
| 19     |               | Rainbow Packaging Pvt Ltd                             |                 | 4.46                       |
| 20     |               | Rathnam Pharmaceuticals Pvt Ltd                       | Andhra Pradesh  | 4.18                       |
| 21     |               | TGN Corporate Advisors Pvt Ltd                        | Maharashtra     | 0.89                       |
| 22     |               | Waken India Network Advertising Pvt Ltd               | [Telangana      | 0.79                       |
|        | 2016-17       | Bhagyalaxmi Ferro Alloys Pvt Ltd                      | Maharashtra     | 0.80                       |

| 2   | Daksha Garments Pvt Ltd                         | [Telangana       | 5.00   |
|-----|-------------------------------------------------|------------------|--------|
| 3   | Green Belt Industries Pvt Ltd                   | Assam            | 5.00   |
| 4   | Hortitech Foods Pvt Ltd                         | Himachal Pradesh | 5.00   |
|     | Plast Pack Pvt Ltd Jay                          | Maharashtra      | 4.19   |
|     | JK Softech Pvt Ltd                              | Karnataka        | 1.40   |
|     | Meenakshi Devi Hi-Tech Agro Industry Pvt Ltd    | Tamilnadu        | 4.95   |
| 8   | NGP Agro Buildcon Pvt Ltd                       | Maharashtra      | 4.35   |
|     | Nishant Bioenergy Pvt Ltd                       | Punjab           | 1.74   |
| 10  | Omega Roofing Inds. Pvt Ltd                     | [Telangana       | 1.62   |
| 11  | Onegreendiary Software Pvt Ltd                  | Maharashtra      | 0.50   |
| 12  | PJS Construction Pvt Ltd                        | Uttar Pradesh    | 2.14   |
|     | Ram sab Industries Pvt Ltd                      | Uttar Pradesh    | 0.60   |
| 14  | Shevantabai Distillery and Fabrications Pvt Ltd | Maharashtra      | 0.94   |
| 15  | Shilpa Dal & food Industries Pvt Ltd            | Maharashtra      | 1.30   |
| 16  | Srimedha Pharmaceutical Pvt Ltd                 | Telangana        | 2.77   |
| 17  | SSV Graphics Pvt Ltd                            | [Telangana       | 4.35   |
| 18  | Steeledge Pipes and Scaffold Pvt Ltd            | Chattisgarh      | 3.83   |
| 19  | Veracity Natural Resources Pvt Ltd              | Maharashtra      | 1.80   |
| 20  | Yash Cottyarn Pvt Ltd                           | Maharashtra      | 4.77   |
|     | Antartic Cold Chain Pvt Ltd                     | HHaryana         | 5.00   |
| 2   | BA Rathod Poultry Pvt Ltd                       | Maharashtra      | 3.16   |
| 3   | Coeval Crafts Pvt Ltd                           | West Bengal      | 1.79   |
| 4   | Dhivalokam Industries Pvt Ltd                   | Andhra Pradesh   | 4.76   |
| 5   | Green Rick Tea Pvt Ltd                          | West Bengal      |        |
| 6   | Greenizone Hi-tech & Cold Care Pvt Ltd          | Andhra Pradesh   | 5.00   |
|     | Gundlathoti Ready Mix Cement Industry Pvt Ltd   | Andhra Pradesh   | 2.14   |
| 8   | Heli Electro Solutions Pvt Ltd                  | Gujarat          | 3.22   |
| 9   | Jyani Fabrics Pvt Ltd                           | Maharashtra      | 2.48   |
| 10  | Kamani Tubes Ltd                                | Maharashtra      | 3.14   |
| 11  | Laxmi Barter Pvt Ltd                            | Bihar            | 4.73   |
| 12  | Marigold Bio Extracts  Pvt Ltd                  |                  | 4.99   |
| 13  | Nalla Farm House Pvt Ltd                        | Pondicherry      | 3.00   |
| 14  | Prapan Inns Hotels Pvt Ltd                      | Andhra Pradesh   | 4.81   |
| 15  | Prowess Industries Pvt Ltd                      | Maharashtra      | 4.90   |

| 16   | Radhakrushna Micro Milk & Milk Products Pvt Ltd   | Maharashtra     |       |
|------|---------------------------------------------------|-----------------|-------|
| 17   | Sunheri Rice Mill Pvt Ltd                         | Uttar Pradesh   | 2.56  |
|      | Amanecer Multi Speciality                         | Andhra [Pradesh | 5.00  |
| 2    | Amida Educational Services Pvt Ltd                | [Telangana      | 0.64  |
| 3    | Aric Healthcare Pvt Ltd                           | Andhra Pradesh  | 5.00  |
| 4    | Awadhesh Dairy Products Pvt Ltd                   | Uttar Pradesh   | 0.86  |
| 5    | Chittalax Construction Pvt Ltd                    | Maharashtra     | 5.00  |
| 6    | Dhir Food and Dine Pvt Ltd                        | Punjab          | 2.07  |
|      | Global Revolution Agroservices Pvt Ltd            | Maharashtra     | 4.23  |
| 8    | GTech Application Intellegence Pvt Ltd_           | Maharashtra     | 2.06  |
|      | Hensar Enterprises PvtLtd                         | Telangana       | 4.24  |
| 10   | Hiranya Packeging Pvt Ltd                         | Maharashtra     | 1.04  |
| 11   | Jivanta Enterprises India Pvt Ltd                 |                 | 2.58  |
| 12   | Lumbini Cotton Industries Pvt Ltd                 | Maharashtra     | 2.94  |
| 13   | Mahaloth Melodies Pvt Ltd                         | Karnataka       | 5.00  |
| 14   | Midas Moulders Pvt Ltd                            | Bihar           | 3.63  |
| 15   | Millenium Gateway Infra Pvt Ltd                   | Maharashtra     | 5.00  |
| 16   | MLP Facilitators Pvt Ltd                          | Uttar Pradesh   | 0.70  |
| 17   | Myogen Pharma Pvt Ltd                             | Andhra Pradesh  | 15.00 |
| 18   | Pratap Tower Pvt Ltd                              | Uttarakhand     | 3.40  |
| 19   | Ranshoor Plastics Pvt Ltd                         | Maharashtra     | 1.76  |
| 20   | Sankalp Apparels Pvt Ltd                          | Maharashtra     | 3.46  |
| 21   | Shri Bediwale Enterprises Pvt Ltd                 | Maharashtra     | 1.80  |
| 22   | Simexperts Solutions Pvt Limited                  | Maharashtra     | 4.04  |
| 23   | Smart waves Technologies Pvt Ltd                  | [Telangana      | 4.98  |
| 24   | Swarnakaruna Princeton Rubber Industries Pvt Ltd  | Andhra Pradesh  | 4.00  |
| 25   | Vian Power Pvt Ltd                                | Gujarat         | 3.58  |
| 26   | VS Plastics Marathwada Pvt Ltd                    | Maharashtra     | 1,.35 |
|      | CPR Laboratories Pvt Ltd                          | Andhra          | 6.36  |
| 2    | Lactofresh Milk Products Pvt Limited              | Andhra          | 4.41  |
| 3    | Nathsanvidha Agro Processing Pvt Limited          | Maharashtra     | 2.10  |
|      | Samyak Food & Beverages                           | Maharashtra     | 3.12  |

|    | Pvt Ltd                                                 |                 |      |
|----|---------------------------------------------------------|-----------------|------|
| 5  | Saudaya Jewellers Pvt Ltd                               | Delhi NCR       | 3.18 |
| 6  | Subhedar Ramoji Agro Processing Pvt Ltd_                | Maharashtra     | 3.54 |
| 7  | Hisus Kristos Modern Rice Industries Pvt. Ltd:          | JAndhra Pradesh | 5.00 |
| 8  | TT Distilleries Pvt. Ltd.                               | West Bengal     | 1.87 |
| 9  | Nirmik Aviations Pvt Ltd:                               | Maharashtra     | 4.84 |
| 10 | Shalom Industries Pvt Ltd                               | JAndhra Pradesh | 5.00 |
|    | Samvastraa Solutions Pvt Ltd                            | West Bengal     | 3.85 |
| 12 | Panacea Research Institute of Medical Science Pvt. Ltd_ | Maharashtra     | 8.64 |
| 13 | Singimari Tea & Agro Pvt: Ltd.                          | West Bengal     | 4.90 |
| 14 | Shivmangal Mining and Projects Pvt: Ltd.                | Madhya Pradesh  | 4.74 |
| 15 | Missi Multi Colour Offset Printers Private Limited      | JAndhra Pradesh | 4.75 |
| 16 | Private Limited                                         | MMaharashtra    | 2.60 |
| 17 | Janata Agro Products Private Limited                    | JAndhra Pradesh | 4.93 |
| 18 | Ripedrip Agroplastic Private Limited                    | Maharashtra     | 3.61 |
| 19 | Khemanand Dudh And Krishi Producer Company Limited      | Maharashtra     | 8.89 |
| 20 | Sat Guru Healthcare Pvt. Ltd_                           |                 |      |