Which institution has launched the ‘Swavalamban Challenge Fund (SCF)’? (2024)

Q. Which institution has launched the ‘Swavalamban Challenge Fund (SCF)’?
Answer: SIDBI
Notes: Small Industries Development Bank of India (SIDBI) has launched the second window of Swavalamban Challenge Fund (SCF).The theme of the fund is ‘Green Bharat’. The focus of the fund is on innovative projects addressing the green and clean climate change. Other themes are sustainable livelihood, financial inclusion, and access to financial services and promoting the culture of entrepreneurship. A challenge fund is a financing mechanism to allocatefundsfor specific purposes using competition among organisations. The first window of SCF was launched in August this year.