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NBCFDC General Loan Scheme

Details
Benefits
Eligibility
Exclusions
Application Process
Documents Required
Frequently Asked Questions
Sources And References
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Ministry Of Social Justice and Empowerment

NBCFDC General Loan Scheme

Backward Class

Empowerment

Entrepreneur

Loan

OBC

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

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.
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

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

Exclusions

NA

Application Process

Offline

Online

Eligible persons desirous of obtaining TERM LOAN under NBCFDC scheme should  should apply on prescribed form (available with the Channel Partners) to District Office of Channel Partners where he/she normally resides. The applicant should clearly mention his/her felt needs and choice of vocation and training requirements, if any, in the application form.
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For more details, the concerned Channel Partner (State Channelizing Agency/RRB/PSB) can be contacted, or a call can be made on the Toll Free No.18001023399
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You can find the address and contact details of the SCA of your state via the link below - 
https://nbcfdc.gov.in/sca-list/en
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You can find the details of the Regional Rural Banks (RRBs) or the PSB (Public Sector Banks) of your state via the link below - 
https://nbcfdc.gov.in/bank/en
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Source: https://nbcfdc.gov.in/whow-to-apply/en 

Documents Required

Proof of Identity (Aadhaar card)
Relevant Caste Certificate to be issued by the relevant authority of District Administration.
Passport size Photograph of the applicant
Following certifications to establish the income criteria can be used by the applicant - 
Certificate of Income issued by Competent Authority of State Government/Distt. Administration or Antyodaya Anna Yojana(AAY) Card or Below Poverty Line (BPL) Card.
Annual family income certificate may be considered by the SCAs/Banks/SSCs on self-certification of the beneficiaries with the endorsement of the same by any Gazetted Officer notified by State/Central Government.
In case of the loan being applied at the Bank (Channel Partner), Self-Certification assessed and endorsed by the Branch Manager can be used for providing the loan.
For Landless agricultural labor, marginalized farmers (those with up to One-hectare land holding) and small farmers (those with up to Two hectares of land holding), as assessed by the Banks through their standard processes and belonging to the Backward Classes will be automatically treated as part of the target group as per following considerations:-
Domicile Certificate
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* Landless Agricultural Labour and Marginalized Farmers with land holding less than One hectare will be deemed as having annual family income below Rs.1.50 Lakh per annum.
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* Small farmers i.e. those with land holding between One and Two hectares will be deemed as having annual family income below Rs.3.00 Lakh per annum.
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Source: https://nbcfdc.gov.in/eligibility/en 
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Frequently Asked Questions

What is the maximum size of the loan under this scheme?

How much will be the interest rate for the loan?

By when am I expected to repay the loan?

I seek to know more about the Pattern of Financing?

Can women entrepreneurs also apply to this scheme?

Should the project / venture need to be from a specific sector in order to be eligible for the Swarnima scheme?

Is there a helpline number where I can get answers for my queries reg. the application process?

What are SCAs?

How do I know if a field in the application form is mandatory?

Sources And References

Guidelines

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Ministry Of Social Justice and Empowerment

NBCFDC General Loan Scheme

Backward Class

Empowerment

Entrepreneur

Loan

OBC

Details

Benefits

Eligibility

Exclusions

Application Process

Documents Required

Frequently Asked Questions

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.

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Ministry Of Social Justice and Empowerment

NBCFDC General Loan Scheme

Details

Benefits

Eligibility

Exclusions

Application Process

Documents Required

Frequently Asked Questions

Sources And References

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NBCFDC General Loan Scheme

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