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).

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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.

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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.

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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.

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

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

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