Venture Capital Fund for Scheduled Castes
Ministry of Social Justice and Empowerment, managed by IFCI Venture Capital
Concessional finance for companies majority-owned by Scheduled Caste entrepreneurs in manufacturing, services and allied sectors, including startups in technology business incubators. Most money comes as debentures, with some equity possible. The fund covers up to 75% of project cost on smaller cases and asks promoters to bring the rest.
What you can get
₹10 lakh to ₹15 crore, with total assistance not above two times the company's net worth
Do you repay it?
Yes, or it takes equity
Type
Loan
Where
All of India
Current status
The fund's site has an Apply Online page with no deadline. The June 2026 playbook still lists the fund, with a 4% coupon on loans. Its home page showed little text when checked.
Who can apply
- Company with at least 51% held by Scheduled Caste entrepreneurs, with management control
- That holding for 6 months if asking up to ₹50 lakh, or 12 months above it
- Project in manufacturing, services or allied areas, with asset creation from the funds
How to apply
- 1Download the application form and brochure from the fund's site
- 2Email the completed form to IFCI Venture Capital at the address on the Apply Online page
- 3Clear the fund's appraisal
The catch
Only for SC-majority companies, and the limit tied to net worth can keep early startups far below the headline. The asset creation rule makes it a harder fit for asset-light software firms. This is repayable money.
We read this on the official page on 4 November 2026. Rules and dates change, so confirm there before you apply. Founders Wing is not connected to this scheme, does not help with applications and never charges for access to it.