Venture Capital Fund for Scheduled Castes
A programme by IFCI Venture Capital Funds Limited
Concessional finance, mainly debentures with limited equity, for companies owned and controlled by Scheduled Caste entrepreneurs.
At a glance
| Best for | Scheduled Caste entrepreneurs running companies in manufacturing, services and allied sectors, including start-ups |
|---|---|
| Stage | Prototype – Growth |
| Format | Online |
About Venture Capital Fund for Scheduled Castes
A fund anchored by the Ministry of Social Justice and Empowerment and managed by IFCI Venture. It has been operating since January 2015.
What you get
- Concessional finance through debentures, with limited equity for technology-led start-ups
- Assistance for up to 10 years including a moratorium
- Incubation funding for innovative ideas selected by technology business incubators
Who can apply
- Companies with at least 51% shareholding by Scheduled Caste entrepreneurs and management control, held for the past 6 months, or 12 months for larger assistance
- Start-ups and incubated units in manufacturing, services and allied sectors
- Proof of your category is required with the proposal
How selection works: proposals are appraised before sanction, and security is taken on the project assets.
How to apply: Apply on the fund's online application portal. Questions can go to funds@ifciventure.com.
Where to apply
Other IFCI Venture Capital Funds Limited programmes
- Venture Capital Fund for Backward ClassesConcessional finance for companies owned and controlled by Backward Classes entrepreneurs, with women and disabled entrepreneurs preferred.
- Venture Capital Fund for Scheduled TribesConcessional finance and equity or credit support for Scheduled Tribe entrepreneurs, from start-up idea to commercial stage.
- SAGE Venture FundEquity support for start-ups building products, processes and services for senior citizens.