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Small Loan Scheme


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

Salient Features of the Scheme

1. Maximum loan limit per beneficiary : Rs.60, 000/-

Eligibility of the Beneficiary

The applicant should belong to the Backward Classes who are living below double the poverty line as notified by the Government of India/State Governments from time to time will be eligible to take advantage of the scheme. Applicant's annual family income should be less than Rs.3.00 Lakh. The SCAs/Banks are required to release atleast 50% of total released funds to the persons having annual family income less than Rs.1.50 Lakh.

Pattern of Finance

1. NBCFDC loan : 85%
2. SCA/Bank Loan : 10%
3. Beneficiary contribution : 05%

Repayment Period : 10 years

Rate of Interest

1. From NBCFDC to Channel Partner : 3% p.a.
2. SCA/Bank to Beneficiary : 6% p.a.

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Last Updated On : 2019-03-14 11:55:55