Social Benefits Management System

INCORPORATION

NSFDC was setup by the Govt. of India on February 08, 1989 with the name National Scheduled Castes and Scheduled Tribes Finance and Development Corporation (NSCSTFDC). It was incorporated as a fully owned Government of India Company under Section 8 of the Companies Act, 2013 (Previously Section 25 of the Companies Act, 1956).

Objectives

  • Identification of trades & other economic activities of importance to Scheduled Castes population.

  • Upgradation of skills & processes used by persons belonging to Scheduled Castes.ion.

  • Promotion of small, cottage & village industries.

  • Financing of pilot programmes for upliftment and economic welfare of persons belonging to Scheduled Castes.

  • Improvement in flow of financial assistance to persons belonging to Scheduled Castes for their economic well-being.

  • Assistance to target group in setting up their projects by way of project preparation, training and financial assistance.

  • Extending loans to eligible students belonging to Scheduled Castes for pursuing full time professional and technical courses in India and abroad.

  • Extending loans to eligible youth to enhance their skill & employability by pursuing vocational education & training courses in India.
    In pursuance of above objects, your Corporation is engaged in providing financial assistance at concessional interest rates under various credit schemes to beneficiaries belonging to Scheduled Castes, through the State/UT Channelizing Agencies and other channel partners and is also extending various non-credit schemes to support the target groups.

ELIGIBILITY CRITERIA

The Scheduled Caste persons having annual family income up to Rs.3.00 lakh for both rural and urban areas are eligible for getting benefit of NSFDC schemes that are implemented through State Channelizing Agencies (SCAs), Public Sector Banks, Regional Rural Banks (RRBs), Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) and other Institutions.

SCHEME DETAILS

Scheme Unit Cost Maximum Loan limit up to 90% of Unit Cost Interest Per Annum Repayment Period
SCA/CA Beneficiary
Term Loan (TL) Up to Rs.50.00 lakh Rs.45.00 lakh 3-7% # 6-10% # Within 10 years
Micro-Credit Finance (MCF) Up to Rs.60,000 Rs.54,000 2% 5% Within 3.5 years
Mahila Samriddhi Yojana (MSY) Up to Rs.60,000 Rs.54,000 2% 5% Within 3.5 years
Mahila Kisan Yojana (MKY) Up to Rs.2.00 lakh Rs.1.80 lakh 2% 5% Within 10 years
Shilpi Samriddhi Yojana (SSY) Up to Rs.2.00 lakh Rs.1.80 lakh 2% 5% Within 5 years
Laghu Vyavasay Yojana (LVY) Up to Rs.5.00 lakh Rs.4.50 lakh 2% 5% Within 6 years
Green Business Scheme (GBS) Up to Rs.7.50 lakh
Above Rs.7.50 lakh
& up to Rs.15.00 lakh
Above Rs.15.00 lakh
& up to Rs.30.00 lakh 		Rs.6.75 lakh

Rs.13.50 lakh

Rs.27.00 lakh 		2% 5% Within 10 years
Stand-up India Above Rs.10.00 lakh
& up to Rs.30.00 lakh 		Rs.27.00 lakh 2% 5% As per the Stand-up India Scheme Norms
Educational Loan Scheme (ELS) Up to Rs.10.00 lakh or 90%, whichever is less

(Studies in India)

Up to Rs.20.00 lakh or 90%, whichever is less 		2% 5% Within 10 years up to Rs.7.50 lakh
Within 15 years above Rs.7.50 lakh
Vocational Education & Training Loan Scheme (VETLS) Up to Rs.4.00 lakh (100%) 2% 5% Within 7 years

Scheme Implemented Through NBFC-MFIs

Scheme Unit Cost Maximum Loan limit up to 90% of Unit Cost Interest Per Annum* Repayment Period
NBFC-MFI Beneficiary
Aajeevika Microfinance Yojana (AMY) Up to Rs.60,000 Rs.54,000 5% (Men)
4% (Women) 		13% (Men)
12% (Women) 		Within 3.5 Years
  • Depending on quantum of loan.

  • Interest Subvention @ 2% per annum from NSFDC on timely full repayment of dues on yearly basis. Therefore, net interest rate from beneficiary comes to 11% per annum for Men and 10% per annum for Women.

Website Link

https://www.nsfdc.nic.in/