Pattern of Finance bkp

NATIONAL BACKWARD CLASSES FINANCE AND DEVELOPMENT CORPORATION (NBCFDC)

PATTERN OF FINANCE

(w.e.f. 01.04.2024)

LOAN SCHEMES

(i) INDIVIDUAL LOAN SCHEME (ii) GROUP LOAN SCHEME

S.No.	Name of Scheme	Max. Loan Limit Per Beneficiary and Group	Pattern of Finance #		Rate of Interest Per Annum		Repayment Period *
S.No.	Name of Scheme	Max. Loan Limit Per Beneficiary and Group	NBCFDC Share	SCA or Benf.	SCAs/Bank	Benef.	Repayment Period *
1.	INDIVIDUAL LOAN SCHEME
(a)	For Income Generating Activities	Rs.15.00 Lakh	85%	15%	Up to Rs. 1.25 lakh		4 Year
					4%	7%	4 Year
					Rs.1.25 Lakh to Rs.15.00 lakh		7 Year
					5%	8%	7 Year
(b)	For Education	Rs.15.00 Lakh			5%	8%	Max. 10 Years^##
2.	GROUP LOAN SCHEME**
(a)	To SCAs or Banks	Rs.1.25 Lakh (Max. Rs.15.00 Lakh per group)	90%	10%	3%	6%	3 Years
(b)	To NBFC-MFI or similar Financial Institutions	Rs.1.25 Lakh (Max. Rs.15.00 Lakh per group)	90%	10%	6%	16%	3 Years

Note: All Schemes carry timely payment rebate on annual basis @1% to be equally appropriated between Channel Partners and Beneficiaries

# In case of Refinance by Banks, NBCFDC loan will be available upto 100% loan outstanding of eligible beneficiaries; however, disbursement will be made as per Bank’s specific demand.

## Applicants must have got admission in duly accredited/recognized institute and scored minimum 50% marks in qualifying examination.

* Moratorium period is 1 Quarter under all Loan Schemes except Education Loan wherein moratorium period is 5 years.

** SHGs with atleast 60% members belonging to OBC provided other members are from other weaker sections are eligible for availing loan under Group Loan Scheme

Advance funds- Submission of UC beyond stipulated 90 days shall attract higher rate of interest as per detail given below:

Utilization (No. of days) Rate of Interest (p.a.)

1-90 days 3%

91-180 days 6%

Above 180 days 8%

Channel Partner is required to refund the un-utilized funds after a period of 180 days.

Refinance: The amount of refinance should be appropriated in the beneficiaries Aadhaar linked loan account within 10 working days of drawl from NBCFDC as per Rate of Interest under NBCFDC scheme.

Banks may claim refinance of outstanding balance under Education Loan irrespective of year of loan disbursement.