Venture Capital Fund for Scheduled Castes
Ministry Of Social Justice and Empowerment
This scheme provides equity/venture capital funding to SC-owned enterprises (51%+ SC shareholding) to help them scale without relying solely on collateral-based bank loans. Apply to IFCI Venture Capital Funds Ltd, the scheme's managing agency, with a detailed project plan.
Key facts
- Nodal ministry
- Ministry Of Social Justice and Empowerment
- Level
- Central
- Launched
- 2014-15
- Last date
- Ongoing / No fixed deadline
- Helpline
- NA
What you get
SC entrepreneurs get equity/venture capital support for setting up or expanding their business, helping them access growth capital that may not be available through traditional collateral-based bank lending.
Who is eligible
Companies/enterprises with at least 51% shareholding held by SC entrepreneurs, promoting a viable business idea, are eligible to apply for venture capital funding under the scheme managed by IFCI.
Documents you need
Company incorporation documents, caste certificate of promoters, detailed business/project plan, and financial projections.
How to apply
Apply to IFCI Venture Capital Funds Ltd, the managing agency for the scheme, with your detailed project report and company documents for evaluation.
Frequently asked questions
What is the minimum SC ownership required for this fund?
At least 51% shareholding of the enterprise should be held by SC entrepreneurs.
Who manages the Venture Capital Fund for Scheduled Castes?
IFCI Venture Capital Funds Ltd manages the scheme on behalf of the Ministry of Social Justice and Empowerment.
What kind of support does this fund provide?
Equity/venture capital investment to help SC entrepreneurs access growth capital for their business.