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Funding partner for your enterprising dreams
Managed by IFCI Venture Capital
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
The Venture Capital Fund for Scheduled Castes (VCF-SC) is a SEBI-registered Category II AIF managed by IFCI Venture Capital Funds Limited (IVCFL) on behalf of the Ministry of Social Justice and Empowerment, Government of India. The fund is designed to promote entrepreneurship and economic self-reliance among entrepreneurs from Scheduled Caste communities by providing concessional debt financing to viable and scalable business ventures. With a total corpus of ₹726.51 crore, VCF-SC extends financial support to SC entrepreneurs across manufacturing, services, and technology sectors, complementing access to capital with mentorship and institutional guidance. IVCFL, a wholly-owned subsidiary of IFCI Ltd. and India's first development finance institution, has been the designated investment manager since the fund's inception in 2015. The scheme also encompasses the Ambedkar Social Innovation Incubation Mission (ASIIM), a sub-component that supports innovative SC-led startups. VCF-SC is part of a broader suite of government-backed inclusion funds managed by IVCFL, which also administers the Venture Capital Fund for Backward Classes, the Senior Ageing Growth Engine Fund (SAGE), and the newly launched Venture Capital Fund for Scheduled Tribes.
Anish Babu Venugopal
Managing Director
Anish Babu Venugopal serves as Managing Director of IFCI Venture Capital Funds Limited. He has been associated with the IFCI Group for over eight years, gaining experience across venture capital, corporate lending, and financial services functions. He holds a Bachelor's degree from Osmania University, Hyderabad, and a Post Graduate Diploma in Management from IMT Ghaziabad.
Arvind Kumar Jain
Independent Director
Arvind Kumar Jain is a Gold Medallist in M.Sc. (Statistics) and a law graduate. He is a former Executive Director of Punjab & Sind Bank with approximately 40 years of banking experience spanning Treasury, Corporate Credit, International Banking, Equity & Debt Capital Raising, Compliance, and Risk Management. He has served as Chief General Manager at Oriental Bank of Commerce and General Manager heading Integrated Treasury and International Division. He sits on the boards of IDBI Asset Management Limited, SIDBI Venture Capital Limited, PNB Metlife India Insurance Company Limited, and several other institutions.
Tripti Somani
Director & Chairperson (CSR Committee)
Tripti Somani serves as a Director on the Board of IFCI Venture Capital Funds Limited and chairs its CSR Committee. She is associated with the IFCI Group and oversees governance and social responsibility functions.
Gauri Shankar
Director (CSR Committee Member)
Gauri Shankar serves as a Director on the Board of IFCI Venture Capital Funds Limited and is a member of its CSR Committee.
Poonam Garg
SEBI Contact Person
Poonam Garg is associated with IFCI Venture Capital Funds Limited and is the designated SEBI contact person for the Venture Capital Fund for Scheduled Castes.
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