Tamil Nadu Government Allocates Rs 55.20 Crore to 38 SC/ST Youth-Led Startups

In a strategic move to foster entrepreneurial growth and inclusivity, the Tamil Nadu government has announced funding for 38 startups founded by youth from Scheduled Castes (SC) and Scheduled Tribes (ST).

The Tamil Nadu Scheduled Caste/Scheduled Tribe Startup Fund comes in the wake of the 2022-23 fiscal year with an initial funding of Rs 80 crore.

A comparative analysis available in the World Bank database has revealed the increase in the numbers from 2,032 to 8,416, after the DMK took over the state in 2021.

One of the key highlights of the growth is that women-Founded or majority-owned Startup numbers increased to 3,163 from 966 in the year 2021.

The 38 SC/ST-led startups supported by this fund cut across various sectors ranging from agricultural engineering, artificial intelligence, to food value addition.

This kind of funding initiative not only supports SC/ST entrepreneurs but also is part of the larger economic agenda of the state.