Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme II)
Grant scheme by IDBI Capital for SC/ST-owned enterprises in Maharashtra, requiring a 51% controlling stake.
- 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 II) is a grant-based initiative managed by IDBI Capital. It aims to promote and finance sustainable businesses that are fully owned by entrepreneurs from Scheduled Castes (SC) and Scheduled Tribes (ST) communities. To qualify, the enterprise must ensure that SC/ST founders hold at least a 51% controlling stake. All stakeholders must be domiciled in Maharashtra. Eligible entities include Private Limited and Public Limited Companies that are 100% controlled by SC/ST individuals.
Highlights
- Grant-based funding for SC/ST entrepreneurs
- Requires 51% controlling stake by SC/ST founders
- Only enterprises domiciled in Maharashtra are eligible
- Applicants need Caste Certificate and Caste Validity Certificate
- Open to Private Ltd. and Public Ltd. Companies with 100% SC/ST control
Who can apply
To apply, entrepreneurs must possess both a Caste Certificate and a Caste Validity Certificate. All stakeholders (including directors and shareholders) must be domiciled in Maharashtra. Eligible entities are Private Limited and Public Limited Companies where 100% control is held by SC/ST entrepreneurs, meaning SC/ST individuals must have a 51% or higher controlling stake.
Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme II) 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 II) 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 program provides grant funding through the Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme II). The exact amount of funding varies and is not specified. It is intended to finance sustainable enterprises fully owned by SC/ST entrepreneurs.
About the provider
Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme II) 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 II), 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?
The funding amount is not specified and varies based on the scheme.
What is the application deadline?
The deadline is not specified; check the official website for updates.
Who is eligible for this grant?
Enterprises fully owned by SC/ST entrepreneurs, with a 51% controlling stake held by SC/ST individuals. The entity must be a Private Limited or Public Limited Company domiciled in Maharashtra. All stakeholders must also have a domicile in Maharashtra.
Are DPIIT or MSME registrations required?
No, DPIIT or MSME registration is not mentioned as a requirement.
Does the grant take equity?
No, this is a grant, which is non-dilutive and does not require giving up equity.
What documents are needed?
Applicants must provide a Caste Certificate and a Caste Validity Certificate for the entrepreneur.
How do I apply?
Download the application form from the Government of Maharashtra or IDBI Capital website. Fill it out and email to BRBASCST@idbicapital.com or send it to the specified address.
Can I apply if my business is outside Maharashtra?
No, all stakeholders must be domiciled in Maharashtra, so the business should be based there.
Who offers Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme II)?
Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme II) 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 II)
Not sure Bharat Ratna Dr. Babasaheb Ambedkar Investment Fund (Scheme II) is the right fit, or already applied? These are other grants open to Indian startups that founders shortlist alongside it.
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