Micro Finance (GBCDC)
The scheme aims to create self-employment for the backwards class men. Through this scheme, low interest rates and financial help are provided to the backwards class men.
About This Scheme
Benefits
1. In these schemes, 90 per cent of the unit cost will be provided as a loan, with 90 per cent from the national corporation, 5 per cent from the state government, and 5 per cent from the beneficiary contribution.
1. This loan is to be repaid in 48 equal monthly instalments, including interest.
₹1.3 L
1. The maximum loan limit under this scheme is up to ₹1,25,000/-.
1. The interest rate in these schemes is 5 percent per annum.
Eligibility
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Required Documents
- ✦Identity Proof
- ✦Address Proof
- ✦Caste Certificate
- ✦Income Certificate
- ✦Bank Account Passbook
- ✦Passport‑size Photographs
✦ Required ◦ Optional
How to Apply
Personal Information: Name, gender, date of birth, caste, etc. Address Information: Permanent and correspondence address Income Details: Monthly family income and source Loan Requirement: Amount needed, proposed use (e.g., business, self-employment) Bank Account Details: For loan disbursement
Quick Info
- Level
- Central Government
- Max benefit
- ₹1.3 L