| 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 |
