Question : Loan Sanctioned by IFCI for SCs

(a) whether the Industrial Finance Corporation of India (IFCI) acts as guarantor for people belonging to the Scheduled Castes (SCs) for setting up industries and if so, the details thereof;

(b) the number of persons sanctioned loans by IFCI for the purpose, so far along with the number of persons who have been sanctioned loans by IFCI for opening of industries during the last five years, State/ UT-wise; and

(c) the number of persons who have been sanctioned loans by IFCI for company/firm projects costing Rupees 50 lakh to 5 crore?

MINISTER OF SOCIAL JUSTICE AND EMPOWERMENT
(SHRI THAAWARCHAND GEHLOT)


(a) to (c): A Statement is laid on the Table of the House.



Statement for answer to part (a) to (c) of the Lok Sabha Starred Question No.219 for answer on 02/01/2018 raised by Shri Faggan Singh Kulaste regarding "Loan Sanctioned by IFCI for SCs"

(a) & (b) Yes, Madam. Industrial Finance Corporation of India (IFCI) has issued guarantees to 5 (five) Scheduled Caste Entrepreneurs under the Credit Enhancement Guarantee Scheme for Scheduled Castes (CEGSSC) sponsored by Department of Social Justice & Empowerment. IFCI extends guarantee for loans sanctioned to Scheduled Caste (SC) Entrepreneurs by Banks/Financial Institutions designated as Member Lending Institutions (MLIs) under the Scheme. The state-wise details of guarantees to MLIs for sanctioning loans to five SC Entrepreneurs under the scheme is as follows:

State 2015-16 2016-17 Total
Maharashtra 1 1 2
Telangana 1 0 1
Andhra Pradesh 0 2 2
Total 2 3 5

(c) Under the Scheme Venture Capital Fund for Scheduled Caste(VCF-SC) sponsored by Department of Social Justice & Empowerment, financial assistance ranging from Rs20.00 lacs to 15 crore to SC Entrepreneurs is given. The State-wise details of Scheduled Caste Entrepreneur for whom financial assistance has been sanctioned by IFCI during the last three years and the current year, is at Annexure.