Scheme Name: Scheme of 'Venture Capital Fund for Scheduled Castes'

State: Tripura

Description of the Scheme:

“Entrepreneurship” relates to entrepreneurs managing businesses which are oriented towards innovation and growth technologies. Fund is to support those entrepreneurs who will create wealth and value for society and at the same time promoting profitable business.

Objectives are:

• It is a social sector initiative to be implemented nationally in order to promote entrepreneurship among the scheduled caste population in India.
• Promote entrepreneurship amongst the scheduled castes who are oriented towards innovation and growth technologies.
• To provide concessional finance to scheduled caste entrepreneurs, who will create wealth and value for society and at the same time will promote profitable businesses. The assets so created will also create forward/ backward linkage. It will further create chain effect in the locality.
• To increase financial inclusion for SC entrepreneurs and to motivate them for further growth of SC communities.
• To develop SC entrepreneurs economically.
• To enhance direct and indirect employment generation for SC population

Target group :

Sector of the Scheme:

Eligibility Criteria: SCs belonging to Tripura

Nature & Mode of Assistance:

Investment under the fund will be categorised as follows:

1. 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;

2. Financial assistance above Rs.5 crore–

a. Investment under this category shall be funded maximum upto 50% of the project cost. At least 25% of the project cost has to be financed by bank/other institutions. Balance 25% of the project cost will be funded by the promoters.

The proposals forwarded by banks or other financial institutions with sanction of 25% of the total project shall be considered. In this case, the projects shall have to be compulsorily appraised by the banks or other financial institutions.
Nearest Department for Welfare of SCs, Government of Tripura

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply:

Whom to Contact: Department for Welfare of SCs, Government of Tripura