Small Loan for individual

Objectives

The Corporation has introduced Small Loan Scheme for the individual for starting small business.   The scheme is implemented through Channel Partners (State Channelising Agencies/Banks).

Eligibility

• Members of Backward Classes, as notified by Central Government/State Governments from time to time.
• Applicant’s annual family income should be upto Rs. 3.00 Lakh.  

Salient Features

        Maximum loan limit                                          :         Rs.1,25,000/- (per beneficiary)

Pattern of Finance

1. NBCFDC Loan                                                                   :           85%
2. Channel Partner/Beneficiary contribution                    :          15%

Rate of Interest

1.         From NBCFDC to Channel Partner                :         3% p.a.

2.         From Channel Partner to Beneficiary            :        6% p.a.

Repayment Period                                                     :         4 years

                         For more information contact Toll Free No.18001023399