Mumbai: In a novel move to fillip the participation of Dalit entrepreneurs in bringing economic reforms in the country, the Dalit Indian Chamber of Commerce and Industry (DICCI) has decided to provide monetary assistance to business run by Dalits.

On the second day of the DICCI Trade Fair, the officials announced to start Rs 500 crore venture capital fund. It would provide financial aid to Dalit entrepreneurs for running their business. 

Founder DICCI Milind Kambley said, “None of the Dalit has been able to grab the position in the list of top 500 industrialists in Fortune Magazine. The main aim of the DICCI is to make Dalits strong enough to attain top position in the much acclaimed list.”

Presently, there are 1000 members of DICCI, directly and indirectly playing their role in generating employment for lakhs of people.

Making a scathing remark on the ruling dispensation, one of the Dalit intellectual Chandrabhan Prasad said that the Centre does not spend Rs 100 crore on Dalit empowerment.

More than 200 industrialists and Union Cabinet Ministers Shard Pawar and Sushil Kumar Shinde marked their presence in the three-day long trade fair. Congress general secretary Digvijay Singh also participated in the occasion.