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Union Government launched Credit Enhancement Guarantee Scheme for Scheduled Castes

A sum of 200 crore rupees was allocated towards Credit Enhancement Guarantee scheme for young and start-up entrepreneurs belonging to Scheduled Castes.

May 7, 2015 12:13 IST
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The Union Ministry for Social Justice & Empowerment on 6 May 2015 launched the Credit Enhancement Guarantee Scheme for Scheduled Castes. The scheme is being implemented by Industrial Finance Corporation of India (IFCI) Ltd.

A sum of 200 crore rupees was allocated towards Credit Enhancement Guarantee scheme for young and start-up entrepreneurs belonging to Scheduled Castes (SC) to avail financial assistance. This allocation was made under Social Sector Initiatives to promote entrepreneurship among SCs.

The main objective of this scheme is to encourage entrepreneurship in the lower strata of the Society resulting in job creation besides creating confidence in Scheduled Castes.  

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Moreover, the Ministry also inaugurated the Commercial Motor Driving Training Programme with Self Defense Skills for 250 women organized by National Safai Karamcharis Finance & Development Corporation (NSKFDC).

This training was launched with an objective to ensure women social & economic empowerment by creating job or self employment opportunities for these women, belonging to the families of Safai Karamcharis.

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