General Loan
Objectives

Under this scheme, loan assistance is available for various income generating activities such as Agriculture and Allied Activities, Small Business/Artisan & Traditional Occupation, Transport Sector & Service Sector and Technical & Professional Trades/Courses.

Eligibility

a)       Members of Backward Classes, as notified by Central Government/State Governments from time to time.

b)      Applicant’s annual family income should be upto Rs. 3.00 Lakh.  

Salient Features                            

Maximum loan limit        :        Rs. 15.00 Lakh (per beneficiary)

Pattern of Finance

(i)      NBCFDC Loan         :         85%

(ii)     Channel Partner/Beneficiary Share  :   15%

Rate of Interest                                                                            

(i)     Loan upto Rs. 5.00 Lakh   :  6% p.a.

(ii)     Loan above Rs.5.00 Lakh upto  :  7% p.a.

Rs. 10.00 Lakh

(iii)    Loan above Rs.10.00 Lakh upto  :  8% p.a.

         Rs. 15.00 Lakh

Repayment Period

Loan is to be repaid in quarterly installments with maximum 8 years (including the moratorium period of six months on the recovery of principal).

                   For more information contact Toll Free No.18001023399