Funding scheme detail

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Reports name /title Funding scheme detail
Report was generated on 29 Nov 2022 (Date based on PCT time)
Report url http://funding.venturecenter.co.in/viewrecord.php?srn=BI20210526091024
Description & notes (A) - Technology Development Funds; (B) - Patent Protection Funds; (C) - Technology In-Licensing Funds; (D) - Technology Scale-up/ Validation / De-risking Funds; (E) - Market Entry Funds; (F) - Expansion Funds;
Venture Capital Fund for Scheduled Castes" (VCF-SC)
Organization Ministry of Social Justice and Empowerment (MoS&JE)
Source of fundingGovernment
SchemeVenture Capital Fund for Scheduled Castes" (VCF-SC)
Type of fundingEquity
Funding Amount2000000
DescriptionRs. 20 lakhs to Rs. 15 Crore
Range of fundingMore than Rs 10 crore
Target investeesSC/ST enterpreneurs
NoteFinancial assistance upto Rs 5 Crore - Investment under this category shall be funded maximum upto 75% of the project cost and the balance 25% of the project cost will be funded by the promoters;Financial assistance above Rs. 5 Crore –Investment under this category shall be funded maximum upto 50% of the project cost. At least 25% of the project cost shall be funded by promoters and balance 25% of the project cost can be funded either by promoters or by the bank or any other Financial Institutions as the case may be.For financial assistance above Rs. 5 crore, IFCI Venture will conduct technical and feasibility study from an independent source.
PurposeVCF-SC scheme is designed to support the budding entrepreneurs and business-oriented persons from Scheduled Castes, who aspire to grow and in turn create employment and support in national interest of the country.
Focus areaMultiple focus areas
Provides Funds For A, B, C, D, E,
Scheme TypeOngoing scheme
Recommended scheme
Scheme statusLive scheme
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