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SHILP SAMPADA

Objective

The objective of this scheme is to upgrade the technical and entrepreneurial skill of Backward Classes by way of providing training and financial assistance under Term Loan for self-employment in traditional craft etc. The loan under the scheme may be considered to the artisans and handicraft persons to secure their traditional art & craft and to provide training to upgrade their existing skills with latest technological inputs such as use of computers, CAD, design development etc.

Eligibility

  • Members of Backward Classes, as notified by Central Government/State Governments from time to time.
  • The annual income of the applicants 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.

Maximum Loan Limit

The maximum loan limit is Rs.10 Lakh.

Pattern of Finance

  1. NBCFDC loan : 85%
  2. SCA loan : 10%
  3. 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 : 2017-11-08 03:41:54