Industrial Finance Corporation of India
- Its aim to promote entrepreneurship among the Scheduled Castes (SC) and to provide concessional finance to them.
- IFCI has committed Rs.50 crore as lead investor and sponsor of the Fund.
- Its subsidiary IFCI Venture Capital Funds Ltd., is the Investment Manager of the Fund.
- Government of India has also provided Rs.200 Crore to IFCI Ltd. in March 2015 under the Scheme of Credit Enhancement Guarantee for Scheduled Caste (SC) Entrepreneurs for providing guarantee to banks against loans to young and start-up entrepreneurs belonging to Scheduled Castes with an objective to encourage entrepreneurship in lower strata of the society.