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A special scheme under Term Loan for young professionals belonging to Backward Classes of the target group with provision of concessional loans to set-up their own self-employment ventures after completing the professional courses such as Doctors Clinic, Nursing Homes, Physiotherapy Clinics, Bio-Medial Labs, Lawyers' Office, Engineering Unit, Chemist Shops, Architect Offices, Office for CA/Financial Consultancy etc.


  • Members of Backward Classes, as notified by Central Government/ State Governments from time to time.
  • The annual income of the applicant's family should be below double the poverty line i.e. Rs.1,20,000/- p.a. in urban areas and Rs.98, 000/- p.a. in rural areas.
  • Should have obtained a professional education as above.

Maximum Loan Limit

The maximum loan limit is Rs.10 Lakh.

Pattern of Finance

(i) NBCFDC loan : 85%
(ii) SCA loan : 10%
(iii) Beneficiary contribution : 05%

Rate of Interest

  NBCFDC to SCA SCA to Benef.
i) Upto Rs. 5 Lakh
3% p.a.
6% p.a.
ii) Above Rs.5 Lakh & upto Rs.10 lakh
5% p.a.
8% p.a.

Repayment Period

Loan is to be repaid in quarterly instalments within 10 years (including the moratorium period of six months on the recovery of principal).

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Last Updated On : 2019-04-27 08:20:01