Financial Assistance for ST ,SC & OBC

Government Scheme run by Ministry of Social Justice and Empowermentc. Open pan-India.

Benefits.

Loan INR 10 Lakh to ₹ 5 Cr. for SC ST Entrepreneurs Funding Scheme
Interest Rate: 4% p.a. (3.75% for women/Divyang ST entrepreneurs)
Funding Support: Up to 75% of project cost for ST
Promoter Contribution: Minimum 25% (can include govt subsidy/bank loan) FOR ST
If other funding available: Promoter must contribute at least 15% For ST
for SC(ROI: 4%, For women and Divyang: 3.75%
Loan INR 20 Lakh to ₹ 15 Cr. for OBC
for OBC(ROI: 6%, For women and Divyang: 5.75%)

Who qualifies.

The company age should be more than 1 year.
Only PrivatePublic Limited Companies having CIN number.
A new company that is a successor entity of a Business entity (Proprietary Firm / Partnership Firm / One Person Company (OPC) / Limited Liability Partnership (LLP) / any other establishment incorporated under any law in force) meeting the above criteria with sound business model.
A maximum of 20% working capital is allowed out of the total financial assistance.

Focus sectors.

All SectorsNon eligible companies:Trading Company, Liqiuor, Commercial Vehicle, Dealership Businesses, Retailers, Petrol Pumps, School/College/Hospital, etc

Official portal.

www.vcfsc.in/asiim/index.html

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