Term Loan Scheme
The scheme aims to uplift the economically disadvantaged Charmakar community (Dhor, Chambhar, Holar, Mochi, etc.) by promoting their educational, economic, and social development, helping them gain a respectable place in society.
About This Scheme
Benefits
> Loan Amount:
₹1.0 L
NSFDC provides Term Loans ranging from ₹1,00,000 to ₹2,50,000 for various schemes, with separate limits for vehicle loans.
> Project Financing:
₹10.0K
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:
₹5.0 L · annual
> For Loans up to ₹5,00,000: NSFDC charges 7% per annum. The corporation charges 4% per annum.
₹5.0 L · annual
> 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.
Eligibility
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Required Documents
- ✦Loan Documents.
- ✦Aadhaar Card.
- ✦Caste Certificate
- ✦Annual Income Certificate.
- ✦Ration Card.
- ✦Passport-size Photograph of the applicant and his/her spouse.
- ✦Bank Passbook.
- ✦Detailed Project Report.
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- Central Government
- Max benefit
- ₹5.0 L