About this business scheme
The Ambedkar Social Innovation and Incubation Mission supports Scheduled Caste youth aged 14 to 30 with equity funding up to Rs. 30,00,000 for innovative business ideas. Applications are accepted online and there is no last date for submission.
The Ambedkar Social Innovation and Incubation Mission (ASIIM) aims to promote entrepreneurship among Scheduled Caste (SC) students and differently-abled youth. It is run by the Ministry of Social Justice and Empowerment.
This scheme provides support to turn innovative business ideas into successful ventures. It offers financial assistance and mentoring to help young entrepreneurs.
By encouraging SC youth to start their businesses, the scheme aims to foster innovation and improve their socio-economic status. It is a step towards creating a more inclusive entrepreneurial ecosystem in India.
Benefits at a glance
| Scheme name | Ambedkar Social Innovation and Incubation Mission (ASIIM) (ASIIM) |
|---|---|
| Launched by | Ministry Of Social Justice and Empowerment |
| Department | Department of Social Justice & Empowerment |
| Benefit | 10 years |
| Benefit type | Composite (cash plus goods or services) |
| Category | Business |
| Level / State | Central · All India |
| Official portal | vcfsc.in (link at the end of this page) |
Key facts
| Scheme type | Central Sector Scheme |
|---|---|
| Scheme for | Individual |
| Application mode | Online |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Tenure of financial assistance | 10 years |
| Annual disbursement amount | Rs. 10,00,000 |
| Maximum venture funding | Rs. 15,00,00,000 |
| Age | 14 to 30 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 14 to 30 years
- 🏷️SC
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Equity assistance up to Rs. 30,00,000 over 3 years
- Annual disbursement of Rs. 10,00,000
- Potential venture funding up to Rs. 15,00,00,000 for successful ventures
The financial assistance is provided in the form of equity and is released based on satisfactory evaluation by the Technology Business Incubator (TBI). The total assistance is distributed over three years.
Who qualifies
- Must belong to Scheduled Caste (SC)
- Aged between 14 and 30 years
- Application must be submitted online
- Identified by a Technology Business Incubator (TBI) or other approved centers
Who is not eligible
- Individuals from Scheduled Tribes (ST), Other Backward Classes (OBC), or General category
- Investments in sectors defined as negative by the Reserve Bank of India (RBI)
Papers to keep ready
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Registration walkthrough
- Visit the official application link and create an account.
- Log in using your credentials and fill out the application form.
- Upload all required documents in the specified format.
- Review your application and submit it.
To check the application status, log in to the portal using your credentials. You can also contact the helpline for assistance.
Real-life examples: are you eligible?
A quick way to gauge your eligibility: find the profile nearest to yours.
Every case differs. Confirm your eligibility on the official portal before applying.
- Not providing proof of SC status, which is essential for eligibility.
- Incorrectly filling out the application form, leading to rejection.
- Failing to upload required documents in the specified format.
- Not maintaining the 51% SC shareholding in the company.
- Missing the verification of email or mobile number during registration.
Frequently asked questions
What is the maximum funding amount I can receive?
You can receive up to Rs. 30,00,000 over a period of 3 years.
Is there a specific type of business idea required?
Yes, the idea should focus on socio-economic development and be identified by a TBI.
Can I apply if I have a partnership firm?
You must convert your firm into a Private Limited or Public Limited company before applying.
What if I am supported by a corporate CSR fund?
Start-ups supported by corporates through CSR funds are eligible.
How long does the financial assistance last?
The assistance lasts for 10 years from the date of the first disbursement.
What happens if I don't maintain 51% SC shareholding?
You will not be eligible for continued assistance if you fail to maintain this shareholding.
Can I apply if I am not currently enrolled in a TBI?
No, you must be identified by a TBI or other approved centers to apply.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- ASIIM Brochure (English) www.vcfsc.in (PDF)
- ASIIM Brochure (Hindi) www.vcfsc.in (PDF)
- Scheme Objective www.vcfsc.in
- Scheme Eligibility www.vcfsc.in
- Search Process www.vcfsc.in
- Selection Process www.vcfsc.in
- Online Application foa.vcfsc.in
- Scheme FAQs www.vcfsc.in (PDF)
- Grievance Redressal Portal www.ifciventure.com
- Contact Us www.vcfsc.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
First draft prepared with editorial AI tools; every fact verified against the official notification and rewritten by our team.
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