Venture Capital Fund for Scheduled Castes
Concessional finance of ₹10 lakh to ₹15 crore at a 4% coupon for companies promoted by Scheduled Caste entrepreneurs.
What you get
₹10 lakh to ₹15 crore at 4% coupon · up to 75% of project cost below ₹5 crore, 50% above
Nodal ministry
Ministry of Social Justice & Empowerment
Support type
Equity
Best suited for
Seed / Early Stage · Growth / Scaling
Typical timeline
IFCI Venture appraisal cycle
What this scheme actually is
A ₹750 crore social-sector venture fund managed by IFCI Venture Capital Funds, providing concessional finance to SC entrepreneurs. The 4% coupon makes it dramatically cheaper than any commercial alternative, and startups and units incubated in technology business incubators are explicitly within scope.
Implementing agency: IFCI Venture Capital Funds Ltd
What the scheme sets out to do
Who can apply
What you get
How to apply, step by step
- 1
Verify the shareholding-duration condition
51% SC shareholding must have been held for 6 or 12 months depending on ticket size. A recent restructuring resets that clock — plan ahead.
- 2
Prepare a project report with asset creation demonstrated
The fund requires asset creation from deployed funds, so the project must be capital-forming, not purely operational.
- 3
Apply online at vcfsc.in
Applications go to IFCI Venture Capital Funds through the VCF-SC portal.
- 4
Arrange the balance funding
You fund 25% or 50% depending on ticket size. Document how.
What we actually do on a VCF-SC mandate
Services this usually needs
No consultant can guarantee a sanction — that decision sits with the evaluating committee, bank or incubator. We commit to an honest eligibility view, an application built to the evaluator’s format, filing inside the window and a documented follow-up cadence. That is stated in every engagement letter we sign.