- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
- Feedback
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Ministry Of Micro, Small and Medium Enterprises
Bank Loan Processing Fee Reimbursement Scheme
Entrepreneurship
Financial Assistance
MSME
Reimbursement
Details
The Ministry of Micro, Small & Medium Enterprises (MSME) has established the Bank Loan Processing Fee Reimbursement Scheme. This scheme functions as a sub-component of the broader National Scheduled Caste and Scheduled Tribe Hub (NSSH) program.
The Bank Loan Processing Fee Reimbursement Scheme provides crucial financial assistance by reimbursing a substantial portion of the processing fees charged by financial institutions (FIs) when SC/ST MSEs secure business loans. This includes loans supported by both fund-based and non-fund-based limits. By alleviating the upfront financial burden of loan processing fees, the scheme aims to:
- Enhance access to capital for SC/ST MSEs: By reducing the initial cost of securing a loan, the scheme encourages SC/ST entrepreneurs to pursue their business aspirations.
- Promote inclusive economic development: This targeted initiative fosters the growth and success of SC/ST-owned businesses, contributing to a more equitable and diversified economy.
- Strengthen entrepreneurial ecosystems: By simplifying the loan application process for SC/ST MSEs, the scheme fosters a more supportive environment for their entrepreneurial endeavors
Benefits
- Reimbursement of Bank Loan Processing Fee is limited to 80% of the fee or ₹ 1,00,000/- (excluding GST and other applicable taxes).
Eligibility
- Applicant should belong to the Scheduled Caste / Scheduled Tribe category.
- He/she should represent/own any MSEs unit.
- MSEs availing loans from any Scheduled Commercial Banks, Non-Banking Finance Companies (NBFCs), and State Finance Corporations will be considered under the scheme
Application Process
Online
- Applicant need to visit the official website https://www.scsthub.in.
- For registration click on sign-up and provide the following details
- Full Name
- Valid Email ID
- Mobile Number
- Password and confirm password
- For login click on login.
- After login complete the required information.
Documents Required
- Self-certified copy of Udyam Registration (UR) & GST (if applicable).
- Self-certified copy of PAN Card in case of proprietorship, PAN card of SC/ST proprietor ought to be submitted.
- Copy of Caste Certificate of proprietor/ all partners/ directors.
- Details of shareholding in case of partnership / Pvt. Ltd / LLP firm. In case of partnership concerns, shareholding of the enterprise would be required to ascertain status of the MSE as SC/ST MSE (shareholding of SC/ST entrepreneur to be > 51%). Copy of Partnership Deed for Partnership Firm / Memorandum and Article of Association in case of LLP/Private Limited Company are required.
- Bank attested (signature with stamp) debit statement with Bank Loan Processing Fee charges mentioning Loan number and applicant MSE's name/valid payment receipt/ original receipt of bank loan processing fee paid by the applicant/ system generated GST Invoice, etc.
- Business loan availment certificate/ disbursement certificate/bank statement substantiating the fact that business loans have been availed.
- Bank attested (signature with stamp) copy of loan sanction letter.
- Cancelled Cheque of the current account of the enterprise from which Bank loan processing charges have been debited.
- Proof of transferred amount as reimbursement by NSSHO/ NSIC through PFMS under the scheme, where any such assistance is availed earlier within the same financial year.
Frequently Asked Questions
What is Bank loan processing fee Reumbursement Scheme ?
The Bank Loan Processing Fee Reimbursement Scheme comes under the purview of the Ministry of Micro, Small and Medium Enterprises (MSME) of the Government of India.
What are the scheme benefits ?
The assistance under this scheme for reimbursement of Bank Loan Processing Fee is limited to 80% of the fee or Rs. 1,00,000 (excluding GST and other applicable taxes) whichever is less. The benefits under the scheme can be availed only after disbursement of business loans in a financial year.
Who can get the scheme benefits ?
1. Applicant should belong to the Scheduled Caste / Scheduled Tribe category.
2. He/she should represent/own any MSEs unit.
3. MSEs availing loans from any Scheduled Commercial Banks, Non-Banking Finance Companies (NBFCs), and State Finance Corporations will be considered under the scheme.
Is there a limitation on availing the benefits of this scheme?
No. The benefits can be availed multiple times in a financial year by SC/ST MSEs, but the financial assistance shall be restricted to the ceiling which is Rs. 1,00,000 (excluding GST and other applicable taxes)
What kind of loans are eligible for benefits under the scheme?
SC/ST MSEs who avail loans from any Scheduled Commercial Banks, Non-Banking Finance Companies (NBFCs) and State Finance Corporations may be considered under the Scheme where loan processing fee is charged by such banks/NBFCs/State Finance Corporations.
Is there a limitation on availing the benefits of this scheme?
No. The benefits can be availed multiple times in a financial year by SC/ST MSEs, but the financial assistance shall be restricted to the ceiling which is Rs. 1,00,000 (excluding GST and other applicable taxes).
What kind of loans are eligible for benefits under the scheme?
SC/ST MSEs who avail loans from any Scheduled Commercial Banks, Non-Banking Finance Companies (NBFCs) and State Finance Corporations may be considered under the Scheme where loan processing fee is charged by such banks/NBFCs/State Finance Corporations.
How should I apply to avail benefit under the scheme?
You may apply online on National SC-ST website www.scsthub.in or visit the nearest CSC-VLEs to apply online.
Whether I can club this scheme benefit with another scheme?
Clubbing this scheme with any other scheme is not permitted. Any SC-ST MSE availing reimbursement under this scheme can not avail reimbursement of bank loan processing fees, from any other scheme of government or private agencies.
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You're being redirected to an external website. By proceeding, your details will be shared with the relevant department.
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Your mobile number will be shared with Jan Samarth and you will be redirected to external website.
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You have already submitted an application for this scheme. You may apply again only after 30 days i.e. after
It seems you have already initiated your application earlier.To know more please visit
Apply Now
You need to sign in before applying for schemes
You're being redirected to an external website. By proceeding, your details will be shared with the relevant department.
Your mobile number will be shared with Jan Samarth and you will be redirected to external website.
Something went wrong. Please try again later.
You have already submitted an application for this scheme. You may apply again only after 30 days i.e. after
It seems you have already initiated your application earlier.To know more please visit
Apply Now
Check Eligibility
Ministry Of Micro, Small and Medium Enterprises
Bank Loan Processing Fee Reimbursement Scheme
Entrepreneurship
Financial Assistance
MSME
Reimbursement
Details
Benefits
Eligibility
Application Process
Documents Required
Frequently Asked Questions
The Ministry of Micro, Small & Medium Enterprises (MSME) has established the Bank Loan Processing Fee Reimbursement Scheme. This scheme functions as a sub-component of the broader National Scheduled Caste and Scheduled Tribe Hub (NSSH) program.
The Bank Loan Processing Fee Reimbursement Scheme provides crucial financial assistance by reimbursing a substantial portion of the processing fees charged by financial institutions (FIs) when SC/ST MSEs secure business loans. This includes loans supported by both fund-based and non-fund-based limits. By alleviating the upfront financial burden of loan processing fees, the scheme aims to:
- Enhance access to capital for SC/ST MSEs: By reducing the initial cost of securing a loan, the scheme encourages SC/ST entrepreneurs to pursue their business aspirations.
- Promote inclusive economic development: This targeted initiative fosters the growth and success of SC/ST-owned businesses, contributing to a more equitable and diversified economy.
- Strengthen entrepreneurial ecosystems: By simplifying the loan application process for SC/ST MSEs, the scheme fosters a more supportive environment for their entrepreneurial endeavors
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