ASIIM Scheme

Schemes and Funding

About ASIIM Scheme

The objective of this initiative is to provide focused support to young SC entrepreneurs who are engaged in working on innovative and technology-oriented business ideas either on educational campuses or in Technology Business Incubators (TBIs), to help them set up successful commercial enterprises.

Launched by the Ministry of Social Justice and Empowerment (MoSJ&E), Govt. of India
Under IFCI Venture Capital Fund for SCs (VCF-SC)

Funding Support Selected startups will be funded up to INR 30 lakhs in 3 years as equity funding. Successful ventures would further qualify for venture funding of up to Rs. 5 Crore from the Venture Capital Fund for SCs

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Eligibility Criteria

The SC entrepreneur must be an Indian Citizen and the lead founder of the start-up.
51% shareholding majority must be an SC candidate
The start-up should be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth.
Post selection, the start-up should get incubated at CVRCE TIF
Preference will be given to Startup India registered start-ups but not mandatory.

ASIIM Grantees

EWARN SYSTEM PRIVATE LIMITED

Industry -Aeronautics Aerospace & Defence

SANDHYA ARATI PRIVATE LIMITED

Industry-Agriculture