Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme II)
By IDBI Capital
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Quick Answer
Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme II) is an investment fund by IDBI Capital for SC/ST entrepreneurs in Maharashtra. It provides debt and equity financing to Private Ltd./P…
- Funding amount
- Varies
- Funding type
- Grant
- Provider
- IDBI Capital
- Application deadline
- —
- Location
- Open to startups registered in India
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
The scheme promotes and provides finance to sustainable enterprises fully owned by SC/ST entrepreneurs, ensuring a 51% controlling stake by them.
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
The Fund provides financial assistance to eligible SC/ST-owned companies through investments in securities (both debt and equity) via multiple instruments such as equity / equity-related investments, convertible instruments, and debentures. The investment is intended to promote sustainable enterprises that are fully owned by SC/ST entrepreneurs.
Application Process
- 1
Download application forms
Download the Preliminary and Detailed Application Forms from the Government of Maharashtra website or the IDBI Capital Markets & Securities Ltd. 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 Scheme II of this Fund?
Private Ltd. / Public Ltd. Companies where SC/ST promoters and directors hold 100% controlling stake. The SC/ST shareholding must never fall below 51% during the operative period. All stakeholders must be domiciles of Maharashtra and possess a Caste Certificate along with a Caste Validity Certificate.
What types of enterprises can apply?
The Fund is sector agnostic. Eligible manufacturing enterprises under MSMED Act 2006 and specified service sectors (e.g., Health Care, Renewable Energy, Agri ancillary, Food Processing, Clean Technology, IT, Medical Devices, etc.) can apply. Entities in excluded sectors (Alcohol/Tobacco, Gold trade, NBFCs except MFIs, Diamond trade, real estate, trading, and banned products/services) are not eligible.
How is the funding provided?
The Fund invests in securities (both debt and equity) through instruments such as equity, equity-related investments, convertible instruments, and debentures.
What is the application process?
Eligible entities must fill the standardized application forms (Preliminary and Detailed) available on the Government of Maharashtra website or IDBI Capital's website. The completed forms should be emailed to BRBASCST@idbicapital.com or sent by post to the IDBI Capital AIF Department address provided.
Can foreign direct investment be involved?
Yes, FDI is freely allowed within the prescribed limits of existing GOI policy, provided the SC/ST shareholding is not reduced below 51%.
Sources
Data on this page is compiled from official program and provider references.
