Loan Amount:

• NSFDC provides Term Loans ranging from ₹1,00,000 to ₹2,50,000 for various schemes, with separate limits for vehicle loans.

Project Financing:

• NSFDC finances 75% of the project cost. The corporation provides 20% as a Seed Loan. ₹10,000 is provided as a subsidy.
• The remaining 5% of the project cost is contributed by the beneficiary.

Interest Rates:

For Loans up to ₹5,00,000: NSFDC charges 7% per annum. The corporation charges 4% per annum.

For Loans above ₹5,00,000: NSFDC charges 8% per annum. The corporation charges 4% per annum.

• Repayment Terms: Loan instalments are payable monthly over a period of up to 60 months.
• This structure ensures clear and concise information about the Term Loan Scheme for potential beneficiaries.

1. The applicant should be a permanent resident of Maharashtra.
2. The applicant should belong to the Charmakar Community.
3. The applicant's age should be between 18 and 50 years.
4. For the 50% Subsidy Scheme and Margin Money, the applicant's annual income should be below the poverty line.
5. The applicant should be able to provide an Income and Caste Certificate from an authorized government officer.
6. The applicant should have knowledge of the business for which they are applying for the loan.
7. For the NSFDC Scheme:

• Income should be below ₹98,000 for rural areas.
• Income should be below ₹1,20,000 for urban areas.

1. Aadhaar Card.
2. Caste Certificate
3. Annual Income Certificate.
4. Ration Card.
5. Passport-size Photograph of the applicant and his/her spouse.
6. Bank Passbook.
7. Detailed Project Report.
8. Loan Documents.