NBCFDC General Loan Scheme

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Details

A general loan scheme by the Ministry of Social Justice for Indian citizens from backward classes for various income-generating activities. Loan up to ₹15 Lakh per beneficiary for pursuing income-generating activities such as Agriculture and Allied Activities, Small Business/Artisan & Traditional Occupation, Transport Sector & Service Sector, and Technical & Professional Trades/Courses.

Benefits

  1. Loan up to ₹15 Lakh per beneficiary for pursuing income generating activities such as Agriculture and Allied Activities, Small Business/Artisan & Traditional Occupation, Transport Sector & Service Sector, and Technical & Professional Trades/Courses.
  2. The rate of interest would be as follows – Loan up to ₹ 5.00 Lakh: 6% per annum; Loan above ₹5.00 Lakh up to ₹ 10.00 Lakh: 7% per annum; Loan above ₹10.00 Lakh up to ₹ 15.00 Lakh: 8% per annum.

Eligibility

  1. The applicant must be an Entrepreneur
  2. The applicant must be from a Backward Class (OBC).
  3. The Total Annual Family Income of the applicant must be Less than ₹ 3 Lakh per Annum.
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