Fund Structure

Name of the Scheme Venture Capital Fund for Backward Classes
Launch Date of the Scheme April 2018
Total Corpus of the Fund Rs.105.85 Crore
Contribution received from MOSJ&E (Government of India)
Sl. No. Year Amount (Rs. in Crore)
1. 2018-19 15.00*
2. 2019-20 90.85
Total 105.85
*Contribution / Commitment received from IFCI Venture Capital Funds Ltd (Subsidiary of IFCI Ltd, Government of India Undertaking) *Rs.5 Crore
Structure of the Fund AIF Category II - SEBI Registered Trust Fund
Implementing Agency Department of Social Justice and Empowerment, Ministry of Social Justice and Empowerment, Government of India.
Investment Manager of the Fund IFCI Venture Capital Funds Ltd
Trustee of the fund Vistra ITCL (India) Ltd (Formerly IL&FS Trust Company Ltd)
Settlor of the fund IFCI Ltd (A Government of India Undertaking)