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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.


  • 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

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