Venture Capital Fund for Scheduled Castes |
Organization | Ministry of Social Justice and Empowerment (MoS&JE) |
Source of funding | Government |
Scheme | Venture Capital Fund for Scheduled Castes |
Type of funding | Equity |
Funding Amount | 1000000 |
Description | Rs.10 lakhs to Rs. 15 Crore |
Range of funding | More than Rs 10 crore |
Target investees | SC/ST enterpreneurs |
Note | Financial 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. |
Purpose | VCF-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 area | Multiple focus areas |
Provides Funds For | A, B, C, D, E, |
Scheme Type | Ongoing scheme |
Recommended scheme | |
Scheme status | Live scheme |
More detail.. | Link |