“A new venture capital fund for OBCs is to be launched with an initial corpus of 200 crore rupees, under the Stand-up India scheme”
Social media posts
Claim dated 1 May 2019.
FACTLY rated thisUNVERIFIED
What FACTLY found
A new venture capital fund for OBCs was announced in the 2018-19 budget, but no allocation was made. Budget allocations were made in the 2019-20 budget for such a fund, but there is no evidence of the fund being launched
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 1 May 2019. FACTLY (India) looked into it and published its finding on 1 May 2019. Its rating was “UNVERIFIED”.
Where the claim appeared
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.