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