IFCI Scheme for Scheduled Tribe Innovators

IFCI Venture, IIT Mandi Catalyst

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Details

Amount

Upto: ₹30 lakh

Deadline

February 10, 2026

Provider

IFCI Venture, IIT Mandi Catalyst

Type

funding

About this Opportunity

This initiative is designed to support Scheduled Tribe innovators who are building innovative and technology-driven business ideas with strong commercial potential. The program focuses on nurturing early-stage startups by providing equity-based financial support rather than loans, enabling founders to concentrate on product development and market validation without immediate repayment pressure.

The scheme aims to empower young innovators, students, and early entrepreneurs from the Scheduled Tribe community to transform their ideas into sustainable ventures. Along with funding support of up to INR 30 lakhs, selected startups benefit from incubation support, mentorship, networking opportunities, and assistance in fundraising. The program is structured to help founders move from ideation or prototype stages towards building viable, scalable commercial businesses that can create social and economic impact.

Eligibility

  • The startup should be at the ideation, prototype, or pre-revenue stage.
  • The startup must be a registered legal entity as a Private Limited company.
  • The lead founder must belong to the Scheduled Tribe category with a minimum of 51% shareholding.
  • Startups may be supported through CSR initiatives or incubated at recognized Technology Business Incubators.
  • Students or youth with innovative, commercially viable, and technology-driven ideas are eligible to apply.

Application Process

  • Applicants must complete and submit the online application form within the specified deadline.
  • Submitted applications are reviewed for eligibility, innovation potential, and commercial viability.
  • Shortlisted startups may be invited for further evaluation, discussions, or presentations.
  • Final selection is based on the overall assessment by the program partners and experts.
  • Selected startups are onboarded for funding and incubation support.