Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I) — Frequently Asked Questions
Answers to the questions founders most often ask about Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme I) — who qualifies, the funding amount, required documents and how the application works.
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.
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