Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I)
By IDBI Capital
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Quick Answer
Equity/debt financing scheme for manufacturing and service enterprises fully owned by SC/ST entrepreneurs domiciled in Maharashtra. A part of the state's special package of incentives launched on D…
- Funding amount
- Varies
- Funding type
- Grant
- Provider
- IDBI Capital
- Application deadline
- —
- Location
- Maharashtra
Results & next round
Applications for this round are closed. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by IDBI Capital. Official links are listed under Sources below.
We update this page when results are published, and when the next round opens.
About this grant
This fund supports startups and businesses promoted by entrepreneurs from the Scheduled Castes (SC) and Scheduled Tribes (ST) communities. Scheme I focuses on providing equity or debt financing. Provides financial assistance to promote self-sufficiency and financial independence. This scheme targets manufacturing and eligible service industries. Requires 100% SC/ST ownership.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
IDBI Capital Markets & Securities Ltd, known as IDBI Capital or ICMS, is a wholly owned subsidiary of IDBI Bank Ltd. It is an investment banking and securities company with its registered office in the IDBI Tower at the World Trade Centre, Cuffe Parade, Mumbai. Most of what it…
Learn moreBenefits & Funding
- Fund type
- Grant
What You Get
Provides financial assistance through equity, equity-related investments, convertible instruments, and debentures. For companies, FDI is freely allowed within existing policy limits, provided SC/ST shareholding does not fall below 51%.
Application Process
- 1
Download application form
Obtain the standardized application format from the Government of Maharashtra website or the IDBI Capital website.
You - 2
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
Who is eligible for this fund?
Enterprises fully owned by SC/ST entrepreneurs (100% stake in proprietorships/partnerships, 100% controlling stake in companies) who hold a caste certificate, caste validity certificate, and are domicile of Maharashtra. Manufacturing units under MSMED Act 2006 and specified service sectors are eligible.
What sectors are excluded?
The fund does not support alcohol/tobacco-based industries, gold trade, NBFCs (except microfinance institutions), diamond trade, real estate, trading, or any products/services banned by the Government of India or Government of Maharashtra.
How do I apply?
Download the standardized application form from the Maharashtra government website or IDBI Capital website. Fill it and submit via email to BRBASCST@idbicapital.com or by post to: The AIF Department, IDBI Capital Markets & Securities Ltd., 6th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai-400005. Contact: 022-22171701/1806/1807.
Is this equity-free?
No. The fund provides equity/debt financing; it is not a grant. The fund takes equity or debt instruments, so ownership is partially transferred or debt is created.
Can a company with foreign investment apply?
Yes, for private/public limited companies, FDI is allowed within existing policy limits, provided the SC/ST entrepreneurs retain at least 51% controlling stake throughout the operative period of the scheme.
Sources
Data on this page is compiled from official program and provider references.
