The Ministry of Social Justice and Empowerment showcased the success of Smartgreen Aquaculture Private Limited, a company founded by Scheduled Caste entrepreneur Mr. Aditya Rithvik Narra in Ranga Reddy District, Telangana. The company has established India's first advanced Recirculatory Aquaculture System (RAS) facility for Rainbow Trout farming with total water circulation capacity of 36 lakh litres and annual fish production capacity of 360 tonnes.
The Venture Capital Fund for Scheduled Castes (VCF-SC) provided financial support of ₹15 crore in 2022 through venture capital assistance comprising equity and optionally convertible debentures. This funding enabled the company to construct modern grow-out units and harvesting tanks, procure specialised aquaculture equipment, and strengthen scientific fish farming capabilities.
The project has developed dedicated hatchery and grow-out units equipped with commercial-grade machinery, process-driven operations, species-specific engineering, and advanced biosecurity systems. The enterprise has generated employment for 25 people, created assets worth ₹40 crore, achieved a net worth of ₹8 crore, and established business linkages with international aquaculture experts, hatchery suppliers, equipment providers, and fish markets.
Mr. Aditya Rithvik Narra stated that the VCF-SC support enabled them to establish modern aquaculture infrastructure based on advanced and sustainable RAS technology, promoting scientific fish farming and creating rural employment opportunities. The project represents how targeted financial support is enabling Scheduled Caste entrepreneurs to establish innovative enterprises in emerging sectors while contributing to sustainable development.