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Reports name /title Funding scheme detail
Report was generated on 21 Feb 2024 (Date based on PCT time)
Report url http://funding.venturecenter.co.in/viewrecord.php?srn=BI20210526092434
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 Backward Castes
OrganizationMinistry of Social Justice and Empowerment (MoS&JE)
Source of fundingGovernment
SchemeVenture Capital Fund for Backward Castes
Type of fundingEquity
Funding Amount2000000
DescriptionRs.20 lakh to Rs.5 Crore [Maximum aggregate assistance not more than two times the current net worth of the Company].
Range of fundingRs 2 crore to Rs 10 crore
Target investeesSC/ST enterpreneurs
NoteInvestment under the fund will be categorized as follows: Financial assistance upto Rs.1 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.1 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.
PurposeA Social Sector initiative to be implemented nationally to promote entrepreneurship amongst Backward Classes (BC) population, who are oriented towards innovation and growth technologies;
Focus areaMultiple focus areas
Provides Funds For A, D, E,
Scheme TypeOngoing scheme
Recommended scheme
Scheme statusLive scheme
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