To be eligible for availing concessional finance from the Ministry of Social Justice and Empowerment, the following eligibility criteria must be fulfilled:
Companies having at least 51% stake holding by Scheduled Caste entrepreneurs for the past 6 or 12 months with management control.
A new company provided that the new Company is a successor entity of a Proprietary Firm/Partnership Firm/One Person Company (OPC)/Limited Liability Partnership (LLP) of any other establishment incorporated under any law in force.
It should have a sound business model which has been in operation for over 6 or 12 months with the entity having at least 51% shareholding of the Scheduled Castes entrepreneurs with management control.
The SC promoters of Investee Company shall not dilute their stake below 51% in the company till the exit under the scheme.
30% of the beneficiaries assisted under the scheme should preferably be women and/or disabled SC entrepreneurs holding at least 51% of the shareholding in the company.
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