The projects/units being set up in manufacturing, services and allied sector, including start-ups and units being incubated in the technology business incubators, ensuring asset creation out of the funds deployed in the unit shall beconsidered.

For Companies applying for assistance up to Rs. 50 lakh: Companies having:
a. at least 51% shareholding by Scheduled Castes entrepreneurs for the past 6 months with management controlOR;
b. a new Company provided that the new Company is a successor entity of a Proprietary Firm or Partnership Firm or One Person Company (OPC) or Limited Liability Partnership (LLP) or any other establishment incorporated under any law in force with sound business model which has been in operation for over 6 months, and the predecessor entity had at least 51% shareholding of the Scheduled Castes entrepreneurswith management control.

For Companies applying for assistance above Rs. 50 lakh: Companies having:
a. at least 51% shareholding by Scheduled Castes entrepreneurs for the past 12 months with management controlOR;
b. a new Company provided that the new Company is a successor entity of a Proprietary Firm or Partnership Firm or One Person Company (OPC) or Limited Liability Partnership (LLP) or any other establishment incorporated under any law in force with sound business model which has been in operation for over 12 months, and the predecessor entity had at least 51% shareholding of the Scheduled Castes entrepreneurswith management control.

For technology oriented innovativeprojects:
A. Innovative ideas selected by Technology Business Incubators (TBIs) for incubation funding to cover the cost of operation and maintenance subject to a ceiling of Rs. 10 lakhs on an average per year for a period of three years subject to satisfactoryprogress.
B. New Companies having at least 51% shareholding by first time Scheduled Caste entrepreneurs who have been working in technology oriented innovativeprojects:
i. with the support of incubation centers at IITs, NITs, Premier Business Schools, Universities, Institutions, Medical Collages, NSTEDB under Department of Science & Technology (DST) or supported by corporate, with good potential of commercialization and project is at implementation stage; and /or;
ii. without the support of Incubations centers but are having patent/ copyrights with good potentialof commercialization and project is at implementation stage.
iii. Projects sanctioned by departments of Government of India after due appraisal.

• Documentary proofs of being SC will have to be submitted by the Entrepreneur at the time of submitting the proposals.
• Documentary proofs / certificate from the incubation centers/corporates or documents w.r.t patent/ copyrights in the name of SC entrepreneur need to be submitted at the time of submitting theproposal.
• Sanction letter of department of Government ofIndia.
• E-documents will also be accepted.

For Companies with sanctioned assistance of above Rs.5 crore, the money released by the Trust/ Fund Manager would be in proportion to the loan tranche released by Bank/department of Govt of India, except in the cases being supported under Innovative ideas category selected by Technology Business Incubators (TBIs) as mentioned at point A above.