Venture Capital Fund for Scheduled Tribes
A programme by IFCI Venture Capital Funds Limited
Concessional finance and equity or credit support for Scheduled Tribe entrepreneurs, from start-up idea to commercial stage.
At a glance
| Best for | First-time Scheduled Tribe entrepreneurs with innovative, technology-oriented projects |
|---|---|
| Stage | Prototype – Growth |
| Format | Online |
About Venture Capital Fund for Scheduled Tribes
A fund anchored by the Ministry of Tribal Affairs and managed by IFCI Venture, formally launched in February 2024. It aims to promote entrepreneurship among Scheduled Tribes, support innovative ideas through technology business incubators, and hand-hold start-up ideas until they reach commercial stage.
What you get
- Concessional finance, with equity and/or credit support
- Incubation funding for innovative ideas selected by technology business incubators
Who can apply
- New companies with at least 51% shareholding by first-time Scheduled Tribe entrepreneurs working on technology-oriented innovative projects, with incubation support or a patent or copyright, or projects sanctioned by a government department
- Proof of ST status, proof of management control and the minimum 51% shareholding are submitted with the proposal
How to apply: Apply online on the fund's website, which also has an application status dashboard. Questions can go to vcfst@ifciventure.com.
Where to apply
Other IFCI Venture Capital Funds Limited programmes
- Venture Capital Fund for Scheduled CastesConcessional finance, mainly debentures with limited equity, for companies owned and controlled by Scheduled Caste entrepreneurs.
- Venture Capital Fund for Backward ClassesConcessional finance for companies owned and controlled by Backward Classes entrepreneurs, with women and disabled entrepreneurs preferred.
- SAGE Venture FundEquity support for start-ups building products, processes and services for senior citizens.