Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I)
Equity/debt financing for SC/ST-owned startups in Maharashtra.
- Funding amount
- Varies by program
- Funding type
- Grant
- Provider
- IDBI Capital (VC/Investor)
- Application deadline
- Rolling
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I) is a financial assistance initiative managed by IDBI Capital. It is designed to support startups and businesses promoted by entrepreneurs from the Scheduled Castes (SC) and Scheduled Tribes (ST) communities. The fund aims to promote self-sufficiency and financial independence among these communities by providing equity or debt financing. It targets manufacturing and eligible service industries. A key requirement is 100% SC/ST ownership of the enterprise.
Highlights
- Exclusive for SC/ST entrepreneurs with 100% ownership.
- Offers equity or debt financing for manufacturing and service businesses.
- Requires a valid Caste Certificate and Maharashtra domicile.
- Managed by IDBI Capital on behalf of the Government of Maharashtra.
- Fund amount varies depending on the project.
Who can apply
To be eligible, entrepreneurs must belong to the SC or ST category and hold complete ownership (100%) of the enterprise. Applicants must possess a valid Caste Certificate and have domicile in Maharashtra.
Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I) is open to startups at any stage. It is open to startups registered anywhere in India.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I) accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.
What the funding covers
The fund provides financial assistance in the form of equity or debt financing to eligible startups and businesses. The specific amount varies and is not fixed. This capital can be used to support manufacturing and eligible service industry ventures.
About the provider
Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I) is offered by IDBI Capital, a venture-capital firm. It is delivered directly by IDBI Capital as a grant. You can verify current details and timelines on the provider's official website before applying.
Documents you’ll need
Before you apply to Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I), keep the following documents ready:
- A pitch deck or short business plan describing the problem, product and traction
- Company registration documents and PAN
- Founder identification (PAN / Aadhaar) and brief profiles
- Recent financial statements or projections
- Product details — a demo, prototype or working link if available
Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.
Frequently asked questions
What is the funding amount offered under Scheme I?
The funding amount is not specified and varies based on the project and assessment.
What is the application deadline for this fund?
The deadline is not specified in the available information.
Who is eligible to apply for this fund?
Entrepreneurs from the Scheduled Castes (SC) and Scheduled Tribes (ST) communities who have 100% ownership in their enterprise are eligible. Additionally, they must possess a Caste Certificate and have domicile in Maharashtra.
What types of businesses are supported?
The fund targets manufacturing and eligible service industries.
Does the program take equity?
Yes, the program provides equity or debt financing, so it may take an equity stake in the business.
Is DPIIT or MSME registration required?
The available information does not specify any requirement for DPIIT or MSME registration.
What documents are needed to apply?
Applicants need a valid Caste Certificate and proof of domicile in Maharashtra. Other documents may be required as per the application form.
How do I apply for this fund?
Download the application form from the Government of Maharashtra or IDBI Capital website. Fill it and email it to BRBASCST@idbicapital.com or send it to the address specified on the website.
Who offers Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I)?
Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I) is offered by IDBI Capital, a venture-capital firm. It is provided as non-dilutive funding.
More funding from IDBI Capital
IDBI Capital runs another program listed on startupfunds — compare them before you decide where to apply.
Alternatives to Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I)
Not sure Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I) is the right fit, or already applied? These are other grants open to Indian startups that founders shortlist alongside it.
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