Schemes for Economic Development

i)       Entrepreneurial Schemes of NBCFDC  Eligibility

Members of Backward Classes having annual family income less than double the poverty line (i.e. Rs.81,000/- in rural areas and Rs.1,03,000/- in urban areas) are eligible to obtain loan from NBCFDC.

Term Loan/Micro Finance Scheme

a. New Swarnima for Women

Under this scheme, women belonging to backward classes living below double the poverty line can obtain loan upto Rs.1,00,000/- @ 5% p.a.

NBCFDC loan :    95% of Project Cost.

b. Saksham

This is a special scheme under Term Loan for young professional belonging to Backward Classes of the target group.  Maximum loan limit is Rs.10 Lakh per beneficiary. The loan upto Rs.5 Lakh bears interest @ 6% p.a. and loan above Rs.5 Lakh to Rs.10 Lakh bears interest @ 8% p.a.

NBCFDC loan :    85% of Project Cost.

c. Shilp Sampada

The objective of this scheme is to upgrade the technical and entrepreneurial skill of Backward Classes by way of providing training and financial assistance under Term Loan for self-employment in traditional craft etc. the artisans and handicraft persons of Backward Classes living below double the poverty line can obtain loan upto Rs.10 Lakh under this scheme. Loans upto Rs.5 Lakh bears interest @ 6% p.a. and above Rs.5 Lakh to Rs.10 Lakh bears interest @ 8% p.a.

NBCFDC loan :     85% of Project Cost.

Micro Finance

a. Micro Finance Scheme : NBCFDC’s Micro Finance Scheme is implemented by SCAs through accredited NGOs/Self-Help Groups. The maximum loan limit per beneficiary is Rs.50,000/-. The rate of interest 5% p.a. from SCA to Beneficiary.

NBCFDC loan :     90% of Project Cost

b. Mahila Samriddhi Yojana (Micro Finance Scheme for Women) : NBCFDC’s Mahila Samriddhi Yojana is implemented by SCAs  through accredited NGOs/Self-Help Groups (SHGs).
The maximum loan limit per beneficiary is Rs.50,000/-.    The rate of interest is 4% p.a. from SCA to Beneficiary.

NBCFDC loan :     95% of Project Cost.

c. Krishi Sampada : To provide concessional loans under Micro Finance to small farmers, vegetable vendors of the target group for requirement of funds during Rabi & Kharif or any cash crop.  The loanee can obtain loan upto Rs.50,000/- @ 4% p.a.

 NBCFDC loan :    95% of Project Cost