Micro Credit Finance (NSFDC)
Ministry: Ministry Of Social Justice and Empowerment
Department: Department of Social Justice & Empowerment
The scheme is implemented by the National Scheduled Castes Finance & Development Corporation, Ministry of Social Justice & Empowerment, Govt. of India. Under this scheme, loans are provided to individuals from the SC community for units costing up to ₹1,40,000/- for income-generating activities.
About This Scheme
Benefits
Maximum Loan Limit:
₹1.3 L
NSFDC provides loans up to 90% of the Project Cost with the maximum amount of ₹1.25 lakhs.
Rate of Interest:
The NSFDC shall charge interest @ 2.5% from the SCAs/CAs, which in turn, shall charge 6.5% from the Beneficiaries.
Repayment Period:
The loan under the Scheme is to be repaid in quarterly instalments within a maximum period of three years from the date of disbursement including 3 months moratorium period.
Eligibility
- •
- •
- •
- •
- •
- •
Required Documents
- ✦Passport-size photograph
- ✦Aadhaar Card
- ✦Income certificate
- ✦Caste certificate
- ✦Residence proof
- ✦Bank passbook/bank details
- ✦Any other documents as required
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- Central Government
- Max benefit
- ₹1.3 L