Loan Schemes

Printer-friendly version

LOAN SCHEMES OF NSKFDC

NSKFDC has various Loan & Non-loan schemes to provide economic and other assistance to the beneficiaries under Agriculture & Allied, Small Industries, Sanitary Based Equipments & Service including Transport Sectors.
Details of Loan Schemes financed by NSKFDC for the target group through the SCAs are as follows: -
 
i) Term Loan (TL)

  • Under this scheme, term loans are extended through State Channelising Agencies (SCAs) to the target group. Maximum loan limit is Rs.15.00 lac per unit for any viable income generating schemes including sanitation related activities.
  • Promoter’s contribution is not insisted upon for project costing upto Rs.2.00 lac. For more than Rs.2.00 lac project cost cases, minimum promoter’s contribution insisted by NSKFDC from the beneficiaries is 5%.
  • Term loan can be provided up to maximum of 90% of the unit cost and the remaining 10% is to be provided by the State Channelising Agencies in the form of loan, subsidy and promoter’s contribution, if any, and all other available sources of funds.
Interest Rate
Amount of loan from NSKFDC per project/unit Interest Chargeable from
 
  SCA Beneficiary
Upto Rs. 15.00 Lac* 3% p.a. 6% p.a.

Repayment period: 5 years after moratorium of 6 months and implementation period of 3 months from the date of disbursement of loan.
 
ii) Micro Credit Finance (MCF)
Loans to target groups through State Channelising Agencies (SCAs) are provided for projects costing upto Rs.5.00 lac for a group of 10 borrowers restricted to Rs.50,000/- per borrower as well as Rs.50,000/- on individual basis.

Interest Rate:
Amount of loan from NSKFDC per project/unit Interest Chargeable from
 
  SCA Beneficiary
Upto Rs.5.00 Lac per group of 10 members and Rs.50,000/- per beneficiary / unit 2% p.a. 5% p.a.

Promoter’s contribution is not insisted upon from the beneficiaries under MCF Scheme
Loan component from NSKFDC can be provided up to maximum of 90% of the unit cost and the remaining 10% is to be provided by the State Channelising Agencies in the form of loan, subsidy and all other available sources of funds.
Repayment period: 3 years after moratorium of 6 months and implementation period of 3 months from the date of disbursement of loan.
 
iii) Mahila Samridhi Yojana (MSY)
Loan under this scheme  is provided to Safai Karamchari and Scavenger and their dependants for projects with a maximum project cost up to Rs.50,000/- for small and petty trade/business and sundry income generating activities.

Interest Rate
Amount of loan from NSKFDC per project/unit Interest Chargeable from
 
  SCA Beneficiary
Upto Rs.50,000/- per beneficiary / unit 1% p.a. 4% p.a.

Promoter’s contribution is not insisted upon from the beneficiaries under MSY Scheme
Loan component from NSKFDC can be provided up to maximum of 90% of the unit cost and the remaining 10% is to be provided by the State Channelising Agencies in the form of loan, subsidy and all other available sources of funds.
Repayment period: 3 years after moratorium of 6 months and implementation period of 3 months from the date of disbursement of loan.
 
iv) Mahila Adhikarita Yojana (MAY)
Term loan assistance under Mahila Adhikarita Yojana for engaging in small and petty trade/business and sundry income generating activities is provided to the SCAs for projects costing upto Rs.75000/- and is provided to Safai Karamchari and Scavenger women and their dependent daughters.

Interest Rate:
Amount of loan from NSKFDC per project/unit Interest Chargeable from
 
  SCA Beneficiary
Upto Rs.75,000/- per beneficiary / unit 2% p.a. 5% p.a.

Promoter’s contribution is not insisted upon from the beneficiaries under MAY Scheme
Loan component from NSKFDC can be provided up to maximum of 90% of the unit cost and the remaining 10% is to be provided by the State Channelising Agencies in the form of loan, subsidy and all other available sources of funds.
Repayment period: 5 years after moratorium of 6 months and implementation period of 3 months from the date of disbursement of loan.
 
v) Education Loan
Education Loan is being extended to the students from the community of Safai Karamcharis\Manual Scavengers & their dependents for pursuing  professional or technical education and also for higher study in Engineering, Medical, Management, Law, Diploma in Physiotherapy, Pathology, Nursing, Diploma in Hotel Management & Tourism, Geriatric Care & Academic courses at Graduate & Post Graduate level like Bachelor of Education, Ph. D., Language Courses, BCA, MCA, Diploma in Journalism and Mass Communication etc.

Interest Rate:
Amount of loan from NSKFDC per project/unit Interest Chargeable from
 
  SCA Beneficiary
90% of the total expenditure on education 1% p.a. 4 % p.a. and 0.5% p.a. rebate for women candidates

The balance 10% share is borne by the Student / SCA.
Repayment period: 5 years after co-termination of course with moratorium period of 6 months.
 
vi) Swachhta Udyami Yojana
Term loans are extended under the scheme to the target group for Construction,Operation and Maintenance of Pay and Use Community toilets in Public Private Partnership (PPP) Mode upto a maximum of Rs. 25 lacs and for Procurement & Operation of Sanitation related Vehicles upto  a maximum of Rs. 15 lacs. 
 
Rate of interest charged is 4% p.a. (with 1% rebate for women beneficiaries and 0.5% rebate for timely repayment).
The repayment period of the loan is upto 10 years.
 
Besides, subsidy of Rs.3.25 lacs is also available in case of Manual Scavengers under Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS) in accordance with the "Prohibition of Employment as Manual Scavengers and their Rehabilitation Act, 2013.
 
vii) Sanitary Marts Scheme
Sanitary Mart is a one-stop-shop for all things for sanitation and hygiene.  It is a shopping place where the sanitary needs of the common man could be met.  It serves both as a shop and as a service centre.

 
Objective Under the scheme, financial assistance would be extended to individual beneficiaries/self help groups of Liberated Manual Scavengers/Safai Karamcharis and their dependants for setting up of Sanitary Marts .
Quantum of loan 90% of total cost with a maximum of Rs. 15 lac.
Promoters’ contribution 10% of the total cost of a Sanitary Mart will be brought in by the beneficiaries
Interest Interest payable by the beneficiaries shall not exceed 4% p.a. (1% p.a. rebate for   women beneficiaries and 0.50% rebate for timely repayments.)
Repayment Term loans drawn from NSKFDC will be required to be repaid upto 10 years in quarterly installments.

 

 
viii) Green Business Scheme
Climate change, which has become one of the greatest challenges for the world,  is the consequence of unchecked pollution. With a view to mitigate the impact of climate change on human beings, it is necessary to bring down pollution level, for which it is necessary to promote such business activities which can tackle the climate change and also help in income generating. 

 
Objective To provide financial assistance in the form of loan for the activities which could tackle the climate change alongwith income generation. The income generating activities which could mitigate the Green House effect or could be classified under adaptation initiatives, would be covered under the scheme.
Eligibility Safai Karamcharis, Scavengers and their dependants
Indicative schemes Battery  electric vehicle(E-rickshaw), Compressed air vehicle, Solar energy gadgets, Poly houses
Quantum of loan 90% of the unit cost with a maximum of Rs. 1 lac. Quantum of loan shall, however, be reduced to the extent of the amount of subsidy available, if any.