Which of the following Ministries introduced the Venture Capital Assistance Scheme?​

Correct option is C

Ministry of Agriculture and Farmers Welfare isintroduced the Venture Capital Assistance Scheme (VCAS).

The Venture Capital Assistance Scheme (VCAS) is a financial aid program that provides interest-free loans to agripreneurs to help them invest in agribusiness projects. The scheme is run by the Small Farmers' Agri Business Consortium (SFAC) with the support of the Central Government. 

The VCAS has several objectives, including:

• Helping agripreneurs set up agribusiness projects 
• Increasing rural income and employment 
• Strengthening the backward linkage of agri-business projects with producers 
• Encouraging farmers to diversify into high value crops 

Some key features of the VCAS include:

• The VCAS is a soft loan that supplements the financial gap for a project. 
• The loan is provided to qualifying projects on the recommendation of the bank or financial institution that is financing the project. 
• The loan must be repaid to the SFAC after the term loan of the lending bank or financial institution is repaid. 
• The VCAS is not applicable to self-funded projects. 
• The proposal for the VCAS must be forwarded and recommended by the lending bank or financial institution to the SFAC. 

At least 50% of the term loan must be disbursed before the documents for the VCAS are executed.