"Minister of State for Social Justice and Empowerment, Thaawar Chand Gehlot, has launched 'Venture Capital Fund for Scheduled Castes'...And presented a cheque of Rs 200 crore to Malay Mukherjee, CEO & MD, IFCI Ltd," the company said in a release.
The money will be used for providing concessional finance to scheduled caste entrepreneurs, it said.
The assistance under the fund would be between Rs 50 lakh and Rs 15 crore through equity and equity linked debt instruments.
IFCI Ltd stock closed 0.79 per cent lower at Rs 37.55 on the BSE.
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