| Venture Capital Fund for Backward Castes |
| Organization | Ministry of Social Justice and Empowerment (MoS&JE) |
| Source of funding | Government |
| Scheme | Venture Capital Fund for Backward Castes |
| Type of funding | Equity |
| Funding Amount | 2000000 |
| Description | Rs.20 lakh to Rs.5 Crore [Maximum aggregate assistance not more than two times the current net worth of the Company]. |
| Range of funding | Rs 2 crore to Rs 10 crore |
| Target investees | SC/ST enterpreneurs |
| Note | Investment 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. |
| Purpose | A Social Sector initiative to be implemented nationally to promote entrepreneurship amongst Backward Classes (BC) population, who are oriented towards innovation and growth technologies; |
| Focus area | Multiple focus areas |
| Provides Funds For | A, D, E, |
| Scheme Type | Ongoing scheme |
| Recommended scheme | |
| Scheme status | Live scheme |
| More detail.. | Link |
