Loan Scheme Description
- / Loan Scheme Description
Under this scheme, loan assistance is available for various income generating activities such as Agriculture and Allied Activities, Small Business/Artisan & Traditional Occupation, Transport Sector & Service Sector and Technical & Professional Trades/Courses.
a) Members of Backward Classes, as notified by Central Government/State Governments from time to time.
b) Applicant’s annual family income should be less than Rs. 3.00 Lakh.
Maximum loan limit : Rs. 15.00 Lakh (per beneficiary)
Pattern of Finance
(i) NBCFDC Loan : 85%
(ii) Channel Partner/Beneficiary Share : 15%
Rate of Interest
(i) Loan upto Rs. 5.00 Lakh : 6% p.a.
(ii) Loan above Rs.5.00 Lakh upto : 7% p.a.
Rs. 10.00 Lakh
(iii) Loan above Rs.10.00 Lakh upto : 8% p.a.
Rs. 15.00 Lakh
Loan is to be repaid in quarterly installments with maximum 8 years (including the moratorium period of six months on the recovery of principal).
For more information contact Toll Free No.18001023399