Venture Capital Funds for Scheduled Caste launched



The Minister of State for Social Justice & Empowerment, Shri Krishan Pal addressing at the launch of the Venture Capital Fund for Scheduled Castes, in New Delhi on January 16, 2015. The Union Minister for Social Justice and Empowerment, Shri Thaawar Chand Gehlot, the Minister of State for Social Justice & Empowerment, Shri Vijay Sampla and the Secretary, Social Justice & Empowerment, Shri Sudhir Bhargava are also seen.
Venture Capital Funds for Scheduled Caste launched 

Shri Thaawar Chand Gehlot, Union Minister of Social Justice & Empowerment, launched the schemes of ‘Venture Capital Fund for Scheduled Castes’ and ‘Green Business scheme’ here today. 


The Government of India has launched this ‘Venture Capital Fund for Scheduled Castes’ with initial capital of Rs. 200 crore. IFCI Ltd. will act as Sponsor, Settler and Asset Management Company (AMC) / Nodal Agency to operate the scheme. The IFCI Ltd. would contribute Rs.50 crore which would comprise Rs.5.00 crore as sponsor and Rs. 45 crore as investor. 
The Minister of State for Social Justice & Empowerment, Shri Vijay Sampla addressing at the launch of the Venture Capital Fund for Scheduled Castes, in New Delhi on January 16, 2015. The Union Minister for Social Justice and Empowerment, Shri Thaawar Chand Gehlot, the Minister of State for Social Justice & Empowerment, Shri Krishan Pal and the Secretary, Social Justice & Empowerment, Shri Sudhir Bhargava are also seen. 
The objectives of the Venture Fund are as follows: 

It is a Social Sector Initiative to be implemented nationally in order to promote entrepreneurship amongst the SCs who are oriented towards innovation and growth technologies. 
The Union Minister for Social Justice and Empowerment, Shri Thaawar Chand Gehlot addressing at the launch of the Venture Capital Fund for Scheduled Castes, in New Delhi on January 16, 2015.

To provide concessional finance to the SC entrepreneurs, who will create wealth and value for society and at the same time will promote profitable businesses. The assets so created will also create forward/ backward linkage. It will further create chain effect in the locality. 
The Union Minister for Social Justice and Empowerment, Shri Thaawar Chand Gehlot releasing the brochure titled ‘Green Business Scheme’ of the NSFDC at the launch of the Venture Capital Fund for Scheduled Castes, in New Delhi on January 16, 2015. The Minister of State for Social Justice & Empowerment, Shri Krishan Pal, the Minister of State for Social Justice & Empowerment, Shri Vijay Sampla and the Secretary, Social Justice & Empowerment, Shri Sudhir Bhargava are also seen. 
To increase financial inclusion for SC entrepreneurs and to motivate them for further growth of SC communities. 

To develop SC entrepreneurs economically. 

To enhance direct and indirect employment generation for SC population in India 

NSFDC’s ‘Green Business Scheme’ for providing financial assistance has been launched keeping into the concern for the climate change. Under this Scheme, loan for unit cost upto Rs.1 lakh at concessional rate of interest will be provided to Scheduled Castes for activities such as e-rickshaw, Solar Pump and Solar energy powered implements, poly house etc. 

Cabinet Minister Shri Gehlot informed that the aim of ‘Venture Capital Fund for Scheduled Caste’ is to provide support and concessional finance. Under the scheme, financial assistance upto Rs.15.00 Crore for a period upto 6 years would be provided to the SC entrepreneurs. 

He expressed that this scheme would motivate SC Entrepreneurs for contributing in national growth as well as to enhance direct and indirect employment generation. 
The Union Minister for Social Justice and Empowerment, Shri Thaawar Chand Gehlot lighting the lamp at the launch of the Venture Capital Fund for Scheduled Caste, in New Delhi on January 16, 2015. The Minister of State for Social Justice & Empowerment, Shri Krishan Pal, the Minister of State for Social Justice & Empowerment, Shri Vijay Sampla and the Secretary, Social Justice & Empowerment, Shri Sudhir Bhargava are also seen.
Minister of State Shri Krishan Pal hoped that these schemes would be helpful in achieving social equality & harmony and Prime Minister’s resolution of “Sabka Saath Sabka Vikas” . 

Minister of State Shri Vijay Sampla expressed that these schemes would be helpful in fastening the speed of development of Scheduled Castes. 

Secretary, Shri Sudhir Bhargava speaking on this occasion informed that this fund would be able to promote entrepreneurship amongst those SCs who are oriented towards innovation and technologies. SC entrepreneurs will create wealth and value for society which will create multiplier-effect in the SC Community. 

The Secretary (SJ&E), Sh. Sudhir Bhargav; Special Secretary, Shri Anoop Kumar Srivastava; Joint Secretary Shri Sanjeev Kumar; CEO & Managing Director, IFCI Ltd. Shri Malay Mukherji and Chairman-cum-Managing Director of National Scheduled Castes Finance & Development Corporations(NSFDC) Dr. R. K. Singh were also present. 

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The Union Minister for Tribal Affairs, Shri Jual Oram inaugurating the Tribal Food Festival, in New Delhi on January 16, 2015.
Tribal Food Festival-2015 Begins 

The first of its kind grand “Tribal Food Festival-2015” got a kick start by Union Minister of Tribal Affairs Shri Jual Oram here in New Delhi today. He was accompanied by Shri Mansukhbhai Dhanjibhai Vasava, Hon’ble Minister of State for Tribal Affairs and Shri Karan Bir Singh Sidhu, IAS, Managing Director, TRIFED, New Delhi. Speaking on the occasion the Minister said that the main objective of organizing this unique event is to introduce and create awareness on the varieties of ethnic Tribal Foods to the food lovers of Delhi with a view to providing additional source of income to the tribals. The Minister also interacted with the Tribal Master Cooks who are participating in the food festival with their ethnic traditional delectable cuisines from all over the country. 

The Union Minister for Tribal Affairs, Shri Jual Oram visiting the stalls after inaugurating the Tribal Food Festival, in New Delhi on January 16, 2015.


Tribals from States of Andhra Pradesh, Arunachal Pradesh, Chhattisgarh, Gujarat, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Manipur, Nagaland, Odisha, Rajasthan, Sikkim, Tamilnadu, Telangana, and Uttarakhand are offering mouth watering and finger licking dishes to the Foodies of Delhi in this winter season. 

The three day festival have been organized by TRIFED on behalf of the Ministry of Tribal Affairs, Govt of India, at Rajiv Gandhi Handicrafts Bhawan, Baba Kharak Singh Marg, New Delhi. 

The Union Minister for Tribal Affairs, Shri Jual Oram visiting the stalls after inaugurating the Tribal Food Festival, in New Delhi on January 16, 2015.


The people of Delhi NCR and the tourists are invited to relish a spread of ethnic food, in both Vegetarian & Non-Vegetarian sections, right from the tribal heartlands across the country. This is a great opportunity for the food enthusiasts to spice up your eating options and experience delicious tribal flavours. 

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Selection of smart cities to be competition based 

Shri Venkaiah Naidu says, business as usual approach will not help anymore 

Minister calls for rating of cities based on sanitation and credit worthiness; suggests a 10-point charter 

Shri Naidu asks Municipal Commissioners of northern states to rise to the occasion 

            Minister of Urban Development and Housing & Urban Poverty Alleviation Shri M.Venkaiah Naidu today revealed that ‘It will not be business as usual in the matter of financing of cities and towns under new urban initiatives and instead, it will be based on the ability of urban local bodies to reform urban governance and rise to the new challenges’. He was addressing a ‘Consultative Workshop on Urban Governance’ organized here today for Municipal Commissioners of 130 cities and towns from nine northern states of Delhi, Haryana, Chandigarh, Punjab, Himachal Pradesh, Jammu & Kashmir, Uttarakhand, Uttar Pradesh and Rajasthan. The Workshop has been organized to sensitize municipal commissioners about the demands of new urban initiatives and the implementation issues in the light of the experience of implementation of JNNURM. The Minister did some plain speaking about serious shortcomings in urban planning, execution and management of rapid urbanization and stated that things are in a bad shape on several counts.

            Shri Venkaiah Naidu informed that his Ministry is currently working on a ‘City Challenge’ framework with the objective of selecting right city candidates for participation in schemes like building 100 smart cities and development of 500 cities and towns. Elaborating on the new initiative, he said that all cities and towns seeking to participate in these schemes will be profiled based on specific parameters that have a bearing on their ability to address issues of governance reforms, resource mobilization, execution etc. the Minister further said ‘While addressing the issue of geographical spread, only the deserving will be assisted’. The Minister referred to sub-optimal performance in respect of promoting reforms,  physical targets and resource mobilization under JNNURM. Shri Naidu stressed that ‘ a radical reorientation of mindsets and methodologies is the need of the hour to convert rapid urbanization into an economic opportunity’.

            Shri Venkaiah Naidu referred to the present appalling state of affairs in urban areas which is marked by : weak urban governance structures, uninspiring leadership at the level of both selected and elected urban managers, poor inventory management and resource base, weak urban planning and execution, urban mobility being a nightmarish experience, housing shortage, inadequate water and power supply and despicable management of solid waste and treatment of sewerage etc.

            In terms of service parameters, Shri Naidu noted that only 73 litres of water per capita per day is being supplied as against the norm of 135 litres, only 50% of households having water connection, 40% households with toilet facilities, treatment of only 16% of sewerage, collection and disposal of only 23% of solid waste and recycling only 10% of city waste.

            Referring to the investment needs for urban initiatives, Shri Naidu said that about Rs.40 lakh crore is required for provision of basic infrastructure besides another Rs.20 lakh crore for Operation & Maintenance of urban utilities over the next 20 years, another Rs.15 lakh crore for meeting housing shortage besides Rs.60,009 cr for sanitation. The total investment needs comes to about US $ 1200 billion, most of which has to come from private sources, said the Minister.

            Stating that private investment flows would be dependent on the confidence of investors in urban local bodies including their governance capacities, credit worthiness and city management, Shri Naidu urged the municipal commissioners to rise to the occasion so as to leave a mark of their own on respective cities ‘as was done by Shri S.R.Rao as Municipal Commissioner of Surat’.

            Shri Venkaiah Naidu suggested, to begin with, the following 10-point charter to be ensured  for each city:

1.City Master Plans wherever due and City Sanitation Plans;

2. Long Term Urban Development Plans for district headquarters focusing on an area of 25 km radius;

3. Long Term City Mobility Plans;

4. City specific strategies for promotion of renewable energy sources like solar and wind power, waste to energy etc.;

5.Regulatory bodies for pricing of utilities like water and power and assessment and revision of taxes from time to time to enhance resource base;

6. Taking necessary initiatives for assessing credit worthiness of each city to mobilise resources from appropriate sources;

7.Promotion of water harvesting and water recycling on a large scale through necessary provisions by revising Building Bye-laws in line with emerging needs of cities and aspirations of people;

8.Promoting citizens in urban planning , decision making and management;

9. Capacity building in key disciplines; and

10.Improving urban governance through adoption of ICT platforms to ensure accountability and transparency besides online delivery of various services.

            Shri Venkaiah Naidu also expressed concern over inadequate efforts for enhancing skills of urban poor and evolving schemes under the Street Vendors (Regulation of Livelihoods and Street Vending) Act, 2014.

            The Minister made it clear that the country can not afford to miss another opportunity to build a new urban India and municipal commissioners have a key role to play and they have come to be as important as District Collectors.

            Shri Babul Supriyo, Minister of State for Urban Development and Housing & Urban Poverty Alleviation who chaired the discussions on various themes urged the states/UTs and urban local bodies to be pro-active in the implementation of new initiatives. He voiced concern over the performance reported under housing, skill development, infrastructure provision under JNNURM.

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Storage Status of 85 Important Reservoirs of the Country as on January 15, 2015 

The Water Storage available in 85 important reservoirs of the country as on January 15, 2015 was 83.458 BCM which is 54% of total storage capacity of these reservoirs. This storage is 84% of the storage of corresponding period of last year and 100% of storage of average of last ten years. The present storage position during current year is less than the storage position of last year and is equal to the storage of average of last ten years. Central Water Commission monitors live storage status of 85 important reservoirs of the country on weekly basis. These reservoirs include 37 reservoirs having hydropower benefit with installed capacity of more than 60 MW. The total storage capacity of these reservoirs is 155.046 BCM which is about 61% of the storage capacity of 253.388 BCM which is estimated to have been created in the country. 

REGION WISE STORAGE STATUS: 

NORTHERN REGION 

The northern region includes States of Himachal Pradesh, Punjab and Rajasthan. There are 6 reservoirs in this region having total storage capacity of 18.01 BCM. The total storage available in these reservoirs is 7.93BCM which is 44% of total storage capacity of these reservoirs. The storage during corresponding period of last year was 57% and average storage of last ten years during corresponding period was 48% of storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and also less than the average storage of last ten years during the corresponding period. 

EASTERN REGION 

The Eastern region includes States of Jharkhand, Odisha, West Bengal and Tripura. There are 15 reservoirs in this region having total storage capacity of 18.83 BCM. The total storage available in these reservoirs is 12.94 BCM which is 69% of total storage capacity of these reservoirs. The storage during corresponding period of last year was 83% and average storage of last ten years during corresponding period was 65% of storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year but better than the average storage of last ten years during the corresponding period. 

WESTERN REGION 

The Western region includes States of Gujarat and Maharashtra. There are 22 reservoirs in this region having total live storage capacity of 24.54 BCM. The total storage available in these reservoirs is 14.25BCM which is 58% of total storage capacity of these reservoirs. The storage during corresponding period of last year was 72% and average storage of last ten years during corresponding period was64% of live storage capacity of these reservoirs. Thus, storage during current year is less than the storage of last year and also less than the average storage of last ten years. 

CENTRAL REGION 

The Central region includes States of Uttar Pradesh, Uttarakhand, Madhya Pradesh and Chhattisgarh. There are 12 reservoirs in this region having total storage capacity of 42.30BCM. The total storage available in these reservoirs is 26.70BCM which is 63% of total storage capacity of these reservoirs. The storage during corresponding period of last year was 70% and average storage of last ten years during corresponding period was 44% of storage capacity of these reservoirs. Thus, storage during current year is less than the storage of last year but better than the average storage of last ten years. 

SOUTHERN REGION 

The Southern region includes States of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu. There are 30 reservoirs in this region having total storage capacity of 51.37 BCM. The total live storage available in these reservoirs is 21.65BCM which is 42% of total storage capacity of these reservoirs. The storage during corresponding period of last year was 50% and average storage of last ten years during corresponding period was 56% of storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and also less than the average storage of last ten years during the corresponding period. 

States having better storage than last year for corresponding period are Uttarakhand , Karnataka, Kerala and Tamil Nadu. States having lesser storage than last year for corresponding period are Himachal Pradesh, Punjab, Rajasthan, Jharkhand, Odisha, West Bengal, Tripura, Gujrat, Maharashtra, Uttar Pradesh, Madhya Pradesh, Chattisgarh, Andhra Pradesh. 

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Week Long Celebrations to Create Awareness About Evaluation of Programmes and Policies 

The Programme Evaluation Organization (PEO) in the NITI Ayog and the National Institute for Labour Economics Research and Development (NILRD, earlier known as Institute of Applied Manpower Research), an autonomous organization under NITI Ayog, are jointly organizing EvalWeek, a five-day event (19 – 23 January 2015) featuring consultations on strategies to spread awareness about and use of evaluation as a tool for enhancing results from policies and programmes of sustainable development and good governance. The event marks the beginning of a chain of activities on the theme of evaluation for sustainable development planned by various national and international organizations across the globe coming together as EvalPartners over the year 2015, which has been declared as the International Year of Evaluation. Participants in EvalWeek consultations are expected to include Central and State government officials, representatives of international and national organizations, individual researchers, academicians and evaluation practitioners. The offices based in India of UN Women, UNICEF, OXFAM, 3ie,ISST, CMS also contributed in the planning and organization of the event. 

EvalWeek will be inaugurated on 19 January 2015 by Shri Rao Inderjit Singh, Hon’ble Minister of State for Planning (Independent Charge), at the India Habitat Building, New Delhi. On this occasion, an EvaluationTorch symbolizing spread of awareness and knowledge about evaluation will be handed over to the Minister by Mr. Marco Segone, Director of Independent Evaluation Office, UN Women and Co-Chair of United Nations Evaluation Group. A Compendium of articles on evaluation policies and practice contributed by various evaluation researchers and evaluation practitioners will also be relewased by Hon’ble Minister to mark the EvalWeek. A Key Note address will be given by Mr. Segone after the inauguration. 

A number of technical sessions of presentations discussions have been programmed for the five days of the Evalweek. The first of these, on the theme of Enabling Environment for Evaluation, will follow the Key Note Address by Mr. Segone, and will feature presentations on developing evaluation culture through sensitization, policy support to evaluation, strengthening capacity building for evaluation and evidence-based decision making. The afternoon of 19 January will feature two technical sessions, one a panel discussion on evaluation of social sector programmes and the other on the importance of participatory evaluation methods. Other events during the course of the week include interactions of delegates from other countries with various divisions of NITI Aayog, Round tables on gender-responsive and equity focused evaluations, case studies, emerging challenges, participatory approaches to evaluation and so on. 

The EvalWeek will conclude on 23 January 2015 with a summing up of the outcomes and valedictory address by the CEO, NITI Ayog. The Evaluation Torch will also be formally handed overto the next event of the International Evaluation Year. 
Venture Capital Funds for Scheduled Caste launched Venture Capital Funds for Scheduled Caste launched Reviewed by Ajit Kumar on 11:24 AM Rating: 5

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