Venture Capital Fund for Backward Classes (VCF-BC)

Open all year Ministry of Social Justice and Empowerment, managed by IFCI Venture Capital Funds All of India

Loan

₹20 lakh to ₹15 crore at 6% a year (5.75% for women)

Apply on the official site

What it funds: Concessional debt or equity for companies owned by Backward Classes entrepreneurs
Who can apply: At least 51% held by BC entrepreneurs with control
Held for 6 months (12 months above ₹50 lakh)
Covers up to 75% of project cost up to ₹5 crore
Project must create assets
When you can apply: Open all year
How to apply: Apply online on the VCF-BC website
Best for: Prototype, Early revenue, Growth stage
Run by: Government of India

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