ELIGIBILITY CRITERIA

• 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 be considered.
• At least 30% of the beneficiaries assisted under the fund should preferably be women entrepreneurs.

Investment under the funds will be categorized as follows:

A. For Companies applying for assistance up to Rs. 50 lakh:

• At least 51% shareholding by Scheduled Tribes entrepreneurs for the past 6 months with management control OR;
• A new Company provided that the new Company is a successor entity of a Proprietary Firm, Partnership Firm, OPC, 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 Tribes entrepreneurs with management control.

B. For Companies applying for assistance above Rs. 50 lakh:

• At least 51% shareholding by Scheduled Tribes entrepreneurs for the past 12 months with management control OR;
• A new Company provided that the new Company is a successor entity of a Proprietary Firm, Partnership Firm, OPC, 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 Tribes entrepreneurs with management control.

Innovative ideas selected by Technology Business Incubators (TBIs) for incubation funding to cover the cost of carrying out innovation project subject to a ceiling of Rs. 10 lakhs on an average per year for a period of three years aggregating Rs.30 Lakh subject to satisfactory progress.

Or

New Companies having at least 51% shareholding by first-time Scheduled Tribes entrepreneurs who have been working in technology-oriented innovative projects:

• With the support of incubation centers at IITs, NITs, Premier Business Schools, Universities, Institutions, Medical Colleges, NSTEDB under DST or supported by corporates, with good potential of commercialization and project is at implementation stage; and / or;
• Without the support of Incubation centers but are having patent/copyrights with good potential of commercialization and project is at implementation stage.
• Projects sanctioned by Departments/Ministries of Government of India after due appraisal.

• Documentary proof of being ST 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 ST entrepreneur need to be submitted at the time of submitting the proposal.
• Sanction letter of Department/Ministry of Government of India, if applicable.
• Other documents with reference to the eligibility conditions would also need to be submitted, including proof of management control and minimum 51% ST shareholding.
• E-documents will also be accepted.