Ministry of Social Justice and Empowerment · Part B

Venture Capital Fund for Scheduled Castes

VCF-SC

Concessional loans of ₹10 lakh to ₹15 crore at a 4% coupon rate for businesses majority-owned by Scheduled Caste entrepreneurs.

Equity Loans up to ₹15 crore

Overview & Objective

Concessional loans of ₹10 lakh to ₹15 crore at a 4% coupon rate for businesses majority-owned by Scheduled Caste entrepreneurs.

Loans from ₹10 lakh to ₹15 crore to SC entrepreneurs, at a 4% coupon rate.
For financial assistance up to ₹5 crore, up to 75% of the project cost are funded.
For financial assistance above ₹5 crore, up to 50% of the project cost are funded.

The projects/units being set up in manufacturing, services and allied sector, including startups and units being incubated in the technology business incubators, ensuring asset creation out of the funds deployed in the unit shall be considered.
For Companies applying for assistance up to ₹50 lakh: Companies having at least 51% shareholding by Scheduled Castes entrepreneurs for the past 6 months with management control.
For Companies applying for assistance above ₹50 lakh: Companies having at least 51% shareholding by Scheduled Castes (SC) entrepreneurs for the past 12 months for the past 12 months with management control.

Apply here: https://vcfsc.in/apply-online.html