Loan Based Schemes For Safai Karamchari - General Term Loan (GTL)

> Financial Assistance:

1. The applicant can avail a term loan for viable income-generating schemes, including sanitation-related activities.

₹15.0 L

1. The maximum project cost covered under the scheme is ₹15,00,000/-.

1. The General Term Loan can be provided up to a maximum of 90% of the unit

₹15.0 L · annual

Loan AmountInterest Rate Chargeable to SCAInterest Rate Chargeable to BeneficiaryUp to ₹15,00,000/-4.5% per annum9% per annum

> Promoter’s Contribution:

₹2.0 L

Promoter’s contribution is not insisted upon for projects costing up to ₹2,00,000/-.

₹2.0 L

For projects costing more than ₹2,00,000/-, the minimum promoter’s contribution required from the beneficiary is 5%.

The SCA is required to provide a 5% contribution.

The remaining 10% share of the unit cost is provided by SCAs through a loan, subsidy, promoter’s contribution, or any other available source of funds.

> Repayment Period:

The repayment period is up to 10 years.

The repayment period starts after an implementation period of 4 months and a moratorium period of 6 months.

The repayment period is calculated from the date of disbursement of the loan.

The repayment period depends on the viability/profitability and repayment capacity of the unit.

> Mode of Disbursement: Term loans are extended through:

State Channelising Agencies (SCAs)

Regional Rural Banks (RRBs)

Nationalised Banks

The applicant should approach the concerned State Channelising Agency (SCA), Regional Rural Bank (RRB), or Nationalised Bank for applying under the scheme. The applicant should obtain the application form from the concerned implementing agency. The applicant should fill in the required details in the application form and submit it to the concerned agency. The concerned agency will process the application and assess the viability/profitability and repayment capacity of the proposed unit. After ap