<p>Bengaluru: Labour Minister Santosh Lad has written to Chief Minister Siddaramaiah and his deputy D K Shivakumar seeking a “fund-of-funds” to bolster young industrialists from OBC communities.</p>.<p>In a letter dated July 26, Lad said, "As per the (Social and Educational) survey of 2015, 70% of the state’s population comprises OBCs. Since there is no separate fund to bolster young industrialists from these communities, they are staying away from the industry sector. Thus, it is mandatory to institute a separate fund at the government level."</p>.<p>Lad’s letter comes at a time when Congress is restructuring its political narrative. Top Congress leader Rahul Gandhi recently conceded that the Congress had "fallen short" of understanding OBC issues in the last 10-15 years. During the recently passed ‘Bengaluru Declaration,’ the Congress favoured hiking the 50% reservation cap.</p>.Urea shortage result of Karnataka's mismanagement: Sudhakar.<p>The Labour minister suggested that both the government and the private sectors (principal investors, angel investors, venture capital and so on) could financially support the fund. He concluded by stating that this method would help OBC entrepreneurs contribute to the state’s economy and aid in the growth of both government and private capital. Lad has also sent copies of the letter to Large and Medium Industries Minister M B Patil and Kannada and Culture Minister Shivaraj Tangadagi.</p>
<p>Bengaluru: Labour Minister Santosh Lad has written to Chief Minister Siddaramaiah and his deputy D K Shivakumar seeking a “fund-of-funds” to bolster young industrialists from OBC communities.</p>.<p>In a letter dated July 26, Lad said, "As per the (Social and Educational) survey of 2015, 70% of the state’s population comprises OBCs. Since there is no separate fund to bolster young industrialists from these communities, they are staying away from the industry sector. Thus, it is mandatory to institute a separate fund at the government level."</p>.<p>Lad’s letter comes at a time when Congress is restructuring its political narrative. Top Congress leader Rahul Gandhi recently conceded that the Congress had "fallen short" of understanding OBC issues in the last 10-15 years. During the recently passed ‘Bengaluru Declaration,’ the Congress favoured hiking the 50% reservation cap.</p>.Urea shortage result of Karnataka's mismanagement: Sudhakar.<p>The Labour minister suggested that both the government and the private sectors (principal investors, angel investors, venture capital and so on) could financially support the fund. He concluded by stating that this method would help OBC entrepreneurs contribute to the state’s economy and aid in the growth of both government and private capital. Lad has also sent copies of the letter to Large and Medium Industries Minister M B Patil and Kannada and Culture Minister Shivaraj Tangadagi.</p>
