- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
- Feedback
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Ministry Of Social Justice and Empowerment
Credit Based Schemes For SC - Term Loan (TL)
Companies
Entrepreneur
Scheduled Caste
Socities
Details
A loan scheme by Ministry of Social justice and Empowerment for Entrepreneur of Scheduled Caste Category.
Quantum of Assistance
NSFDC provides term loan up to 95% of the cost of project, subject to the condition that the SCAs contribute their share of assistance as per their schemes and also provide the required subsidy besides tying up of the financial resources from other sources available.
At least 50% of funding to the beneficiaries having annual family income up to Rs. 1.50 lakh and balance 50% funding to the beneficiaries having annual family income above Rs. 1.50 lakh and up to Rs. 3.00 lakh.
Benefits
- Term loan up to 95% of the cost of project Upto Rs.5.00 lakh at Interest rates of 6%
- Term loan up to 95% of the cost of project Above Rs. 5.00 lakh & upto Rs.10.00 lakh at Interest rates of 8%
- Term loan up to 95% of the cost of project Above Rs. 10.00 lakh & upto Rs.50.00 lakh at Interest rates of 9%
Repayment Period
A term loan is to be repaid in quarterly/half-yearly/yearly installments, within a maximum period of 10 years.
Moratorium Period
6 months to 12 months depending upon the nature of the business activity
Eligibility
The scheme is for entrepreneurs of the Scheduled Caste Category.
Application Process
Offline
The interested eligible person shall contact the nearest Channeling Agency (https://nsfdc.nic.in/channel-patrners/ ) .
Indicative Format
- The loan applications are to be submitted by the eligible target group (Scheduled Castes persons having annual family income up to Rs. 3.00 lakhs ) to the District Offices of State Channelizing Agencies (SCAs).
- The District Offices of SCAs/CAs forward these applications, after scrutiny, to their Head Offices. The viability of the project proposals are appraised by the SCAs and the viable projects are forwarded to NSFDC along with their recommendations for sanction.
- Eligible target group can also submit their loan application to other Channelising Agencies of NSFDC such as Regional Rural Banks/ Public Sector Banks/ NBFC-MFIs etc. with whom NSFDC has signed Memorandum of Agreements.
- The said project proposals are appraised by the Project and Banking Desk. The appraisal report is submitted to the Project Clearance Committee (PCC) for their concurrence.
- The proposals which are found to be in order are recommended for sanction. After sanction, Sanction Letters called as Letter of Intents(LOIs), along with Terms & Conditions are issued to the SCAs/ RRBs/ Public Sector Banks/ NBFC-MFIs etc. for acceptance.
- After acceptance of the terms and conditions of the sanction and fulfillment of Prudential Norms, as applicable, funds are disbursed to the SCAs/ RRBs/ Nationalized Bank for onward disbursement to the beneficiaries.
- The disbursement of funds is made by NSFDC on receipt of demand from the SCAs/ RRBs/ Public Sector Banks/ NBFC MFIs. The loans are to be repaid by the beneficiaries as per the repayment schedule stipulated by the SCAs/CAs
Documents Required
The applicants are required to submit an application in NSFDC's format with details of business and copies of caste, income and experience etc. at the channelizing agency office.
Indicative Documents
- Aadhaar Card
- Income certificate
- Caste certificate
- Bank account statement
Frequently Asked Questions
What is moratorium period?
A moratorium period refers to a particular period of a loan tenure during which the borrower does not have repay anything. It can be described as a waiting period before the borrower will have to start paying the equated monthly installments (EMIs) for his or her loan.
Does the scheme provide loans to all Scheduled Castes persons?
No, NSFDC provides loans only to economically poor sections of Scheduled Castes whose annual family income is up to Rs. 3.00 lakh both in rural & urban areas.
How does the scheme provide assistance?
The applicants should contact the Channelizing Agencies if they wish to avail the scheme.
With what type of Projects can I avail this schemes?
These are indicative list of projects:
Agricultural & Allied Sector
Agricultural Land Purchase
Irrigation Borewells/Minor Irrigation
Horticulture
Sericulture
Poultry
Dairy
Piggery
Bullock/Camel Cart
Floriculture
Hatcheries
Duckery
Goatery
Sheep Farming
Fisheries
Ornamental Fish Rearing
Tractors
Power Tillers etc.
Cultivation & Processing of Medicinal Plants
Honey Bee Cultivation
Agricultural Implements
Small Industries Sector
Bricks Making
Readymade Garments Manufacturing
Handlooms/Powerlooms
Handicrafts Making
Footwear Manufacturing
Silver Ornaments making
Bakery
Bamboo Furniture Making
Battery Making
Bicycle Repairing Shops
Bicycle Seat Cover Making
Bio-gas Plant
Candles Manufacturing
Car Upholstery & Seat Making
Cement Solid Blocks
Coir Industry
Carpet Manufacturing
Copperware/Utensils Manufacturing
Exercise Books & Registers Making
Ginger & Turmeric Processing
Granite Tiles
Handmade Papers
Ornaments Polishing Units
Stone Crushing
Supari Manufacturing
Printing Press
Furniture Making
Flour Mill
Soft Toys making
Embroidery/Knitting
Woollen Garments/Shawls making etc.
Hosiery Units
Jute Fabrics/Bags
Leather Garments
Leather Processing
Leather&Rexine Articles
Lime Kilns
Plastic Bags Manufacturing
Potteries
Pouch Making
Powerlooms
Prawn Culture
Rubber Industry
Shoe/Chappal Manufacturing
Umbrella Making
Fiber Glass Manufacturing
Mineral Water Bottling Plant
Oil mills
Saw Mills
Soft/Stuffed Toys Making
Service & Transport Sector
Departmental Stores
Stationery Shops
Photography/Videography
Chemist Shops
Bangle/Cosmetic Shop
Garments Shop
Commercial Centre (STD/Photocopier/Scanner)
Internet Cafe
Cable TV
Tent House
Beautician
Band Party
Fish/Meat Shops
Petty Shops
Bicycle Repairing Shops
Blood Bank
Book Binding/Book Shops
Cards Shop
Clinical Labs
Cloth Merchant
Computer Centres
Computer Hardware & Servicing
Dental Clinics
Desk Top Printing
Driving School
Eye Clinics
Food Processing
Gas Agency
Gem Stone Cutting & Polishing
Shopping Complex
Shuttering
Spice Grinding
Spray Painting
Silk Weaving
Spray Painting Unit
Steel Fabrication
Sweet Shop
Tailoring
Water Sports Equipments
Wooden/Steel Furniture
Dhabas/Mini Hotels
Tourist Lodge
Automobile Repairs
Electrical Items Shop
Hardware Shop
Electrical Winding
Welding & Refrigeration
Vegetable vending
Watch Repair/Sales Shop
Digital Mixing Lab
Seeds/Fertilizers/Pesticides Shops
Auto rickshaws/Auto Load Carrier
Light Commercial Vehicles/Mini Buses
Jeeps/Car Taxies
Earth Movers (JCB) etc.
Laundry/Dry-cleaning Shops
Machine Shops
Marble Polishing
Milk Chilling Centres/Booths
Mobile Crane
Nursing Home/Hospitals
Nursery School
Passenger/Fishing Boats
Public Address System
Pump set/Minor Irrigation
Ropeway
Sales & Servicing of Electric Items
Saw Mills
Supplying Unit
Seeds & Pesticides Shops
Tannery
Tent House/Decorators
Transport Vehicles (Autos , Taxies, LCVs, Buses,Trucks)
Travel Agency
T.V./Audio-Video/Refrigerator/A.C. Repair
Typing School
Tyre Retreading
Tyre Servicing &Vulcanising
Xerox/Fax/Typing/Lamination Centre
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It seems you have already initiated your application earlier.To know more please visit
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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 Social Justice and Empowerment
Credit Based Schemes For SC - Term Loan (TL)
Companies
Entrepreneur
Scheduled Caste
Socities
Details
Benefits
Eligibility
Application Process
Documents Required
Frequently Asked Questions
A loan scheme by Ministry of Social justice and Empowerment for Entrepreneur of Scheduled Caste Category.
Quantum of Assistance
NSFDC provides term loan up to 95% of the cost of project, subject to the condition that the SCAs contribute their share of assistance as per their schemes and also provide the required subsidy besides tying up of the financial resources from other sources available.
At least 50% of funding to the beneficiaries having annual family income up to Rs. 1.50 lakh and balance 50% funding to the beneficiaries having annual family income above Rs. 1.50 lakh and up to Rs. 3.00 lakh.
Was this helpful?
Share
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