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The Ministry of Social Justice & Empowerment launched the ASIIM or Ambedkar Social Innovation and Incubation Mission to promote entrepreneurial innovation among the Scheduled Caste students studying in higher educational institutions.
Venture Capital Fund for Scheduled Castes implements this scheme. If you want to know more and wish to avail this scheme, continue reading.
Here are the objectives of the Ambedkar Social Innovation and Incubation Mission -
Note the following features of the Ambedkar Social Innovation and Incubation Mission -
Beneficiaries must meet the following criteria to become eligible for Ambedkar Social Innovation & Incubation Mission -
Once you meet eligibility criteria, apply online for this scheme. Here is the step-wise guide mentioned below -
Step 1: Visit the IFCI Venture Capital Funds Ltd. website and scroll down to select “Apply Now”.
Step 2: You will be directly redirected to the online application form.
Step 3: Fill in the online application form with the following relevant details such as -
Step 4: Read and select the disclaimer and submit the online application form.
Here are the documents that you need to submit with your ASIIM application -
Submit these documents along with the reference application number to the address mentioned below –
Address
IFCI Venture Capital Funds Limited
(Investment Manager – Venture Capital fund for Scheduled Castes)
IFCI Tower, 16th floor, 61 Nehru Place, New Delhi- 110019.
ASIIM aims to establish 1000 start-ups run by SC entrepreneurs over 4 years (2020-24). This way, it will be able to transform the young SC population from job-seekers to job-givers. Additionally, it will boost the initiative, “Stand Up India''. Hence, if you are a beneficiary, make sure to avail this scheme. Also, don’t forget to keep documents handy while applying to avoid inconvenience.
The Ministry of Social Justice & Empowerment Ministry launched ASIIM on 30th September 2020.
Here is a brief description of the selection procedure of ASIIM -
The approximate processing time of applications submitted under ASIIM is within 30 days.