New Swarnima for Women

Objectives

Inculcating the spirit of self-dependence among the women of Backward Classes under Term Loan.

Eligibility

• The women belonging to Backward Classes as notified by the Central/ State Governments from time to time shall be eligible for loan under this scheme.
• Applicant’s annual family income should be upto Rs. 3.00 Lakh.  

Salient Features

• The target group of the “New Swarnima” scheme of NBCFDC is the women belonging to Backward Classes having annual family income upto Rs.3.00 Lakh.

• The beneficiary women is not required to invest any amount of her own on the projects upto cost of Rs.2,00,000/-.

• The rate of interest on the amount of loan is less as compared to the general loan scheme of the Corporation.

          Maximum Loan Amount                      :       Rs. 2.00 Lakh (per beneficiary)

Pattern of Financing

1. NBCFDC Loan                                                  :        95% 
2. Channel Partner Contribution                        :        05%

Rate of Interest

1. From NBCFDC to Channel Partner               :        2% p.a.
2. From Channel Partner to beneficiary           :        5% p.a.

Repayment

Loan is to be repaid in quarterly instalments with maximum 8 years (including the moratorium period of six months on the recovery of principal)

                               For more information contact Toll Free No.18001023399