Details
A term loan scheme by the Ministry of Social Justice and Empowerment for women entrepreneurs from backward classes to obtain a loan of up to ₹2,00,000/- @ 5% per annum, thereby providing them social & financial security. The scheme is introduced by National Backward Classes Finance and Development Corporation (NBCFDC) and implemented by State Channelising Agencies (SCAs) which act as the nodal agency.
Benefits
- A subsidy amount of ₹2,00,000/- @ 5% per annum, for self-employment. (The remaining amount has to be self-owned by the beneficiary.)
- The beneficiary woman is not required to invest any amount of her own on the projects upto cost of Rs.2,00,000/-.
Eligibility
- The applicant must be a FEMALE.
- The age of the applicant must be between 18 and 55 years.
- The applicant must be an Entrepreneur
- The Total Annual Family Income of the Applicant must be Less than ₹ 3 Lakh per Annum
Application Process
Offline
Step 1: Eligible applicant needs to visit nearest SCA office, apply on prescribed form for Swarnima Scheme for Women. You can find your nearest SCA office at this link – https://nsfdc.nic.in/channel-patrners/scas
Step 2: Enter the necessary details in the application form and mention the needs and choice of vocation and training requirements, if any.
Step 3: Submit your application form and the required documents to the same SCA office. After reviewing the application, the loan will be sanctioned by SCA.
Documents Required
- Proof of Identity (Aadhaar card)
- Ration Card
- Domicile Certificate
- Caste Certificate (for reserved category)
- Passport size Photograph of the applicant
