Loan Scheme Description
- / Loan Scheme Description
Small Loan for individual
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).
- Members of Backward Classes, as notified by Central Government/State Governments from time to time.
- Applicant’s annual family income should be less than Rs. 3.00 Lakh.
Maximum loan limit : Rs.1,25,000/- (per beneficiary)
Pattern of Finance
- NBCFDC Loan : 85%
- 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