Sarkari Yojana
Credit Based Schemes For SC – Term Loan (TL)
About Credit Based Schemes For SC – Term Loan (TL)
Run by the National Scheduled Castes Finance and Development Corporation (NSFDC), Government of India, the “Credit Based Schemes For SC – Term Loan (TL)” scheme funds income-generating activities and economic development for Scheduled Caste beneficiaries. It offers term loans for viable projects costing up to ₹50,00,000/-, delivered through State Channelising Agencies, Regional Rural Banks, Public Sector Banks, and other NSFDC-linked agencies. Assistance covers projects across sectors, subject to appraisal and viability checks – NSFDC funds up to 95% of project cost, with the beneficiary putting in the prescribed promoter contribution, and eligible below-poverty-line beneficiaries may also get a subsidy within set limits.
Scheme Overview
Central Government
Ministry Of Social Justice and Empowerment
National Scheduled Castes Finance And Development Corporation (NSFDC)
Business Entity, Individual
18 Jul 2014
Scheme Details
Eligibility Requirements
To qualify for Credit Based Schemes For SC - Term Loan (TL), applicants must satisfy the following conditions:
The applicant must be a Scheduled Caste entrepreneur
The applicant must be a Scheduled Caste entrepreneur.
The applicant must present a viable proposal for…
The applicant must present a viable proposal for an income-generating activity.
The applicant must apply through a State Channelising…
The applicant must apply through a State Channelising Agency, Regional Rural Bank, Public Sector Bank, or another NSFDC-linked channelising agency.
The channelising agency must appraise the proposal and…
The channelising agency must appraise the proposal and find it viable.
Benefits Provided
Credit Based Schemes For SC - Term Loan (TL) provides the following benefits to eligible applicants:
Financial assistance covering up to 95% of the…
Financial assistance covering up to 95% of the project cost for income-generating activities, with the project cost capped at ₹50,00,000/-.
The beneficiary must contribute
The beneficiary must contribute:
2% of the project cost for projects up to ₹5,00,000/-;
3% for projects above ₹5,00,000/- and up to ₹10,00,000/-;
5% for projects above ₹10,00,000/-.
Below-poverty-line beneficiaries may get a subsidy of ₹10,000/-…
Below-poverty-line beneficiaries may get a subsidy of ₹10,000/- or 50% of the unit cost, whichever is less.
Interest rates for beneficiaries stand at
Interest rates for beneficiaries stand at:
6% per annum for loans up to ₹5,00,000/-;
8% per annum for loans above ₹5,00,000/- and up to ₹10,00,000/-;
9% per annum for loans above ₹10,00,000/- and up to ₹50,00,000/-.
Mode of Disbursement: Through State Channelizing Agencies, Regional Rural Banks, Public Sector Banks, and other NSFDC-linked channelizing agencies.
Documents Required
Applicants should keep the following documents ready before starting the application:
The applicant's Aadhaar card as identity proof
The applicant's Aadhaar card as identity proof
A certificate stating the applicant's income
A certificate stating the applicant's income
A certificate confirming the applicant's caste
A certificate confirming the applicant's caste
A statement of the applicant's bank account
A statement of the applicant's bank account
2014-07-18
How to Apply
Offline Application
Applicants can apply for Credit Based Schemes For SC - Term Loan (TL) through the offline application process outlined below.
Interested eligible applicants should approach their nearest Channelling Agency (https://nsfdc.nic.in/channel-patrners/ ). Indicative Format: https://nsfdc.nic.in/UploadedFiles/other/form/termloan-english.pdf
Eligible target-group applicants (Scheduled Castes with annual family…
Eligible target-group applicants (Scheduled Castes with annual family income up to Rs. 3.00 lakhs) submit their loan application to the District Offices of State Channelising Agencies (SCAs).
After scrutiny, the SCA/CA District Offices forward these…
After scrutiny, the SCA/CA District Offices forward these applications to their Head Offices. The SCAs appraise the project's viability and pass viable ones on to NSFDC with their recommendation for sanction.
Applicants can also route their loan application through…
Applicants can also route their loan application through other NSFDC Channelising Agencies - Regional Rural Banks, Public Sector Banks, NBFC-MFIs, etc. - with which NSFDC has signed Memoranda of Agreement.
The Project and Banking Desk appraises these proposals…
The Project and Banking Desk appraises these proposals and submits its appraisal report to the Project Clearance Committee (PCC) for concurrence.
Proposals found in order get recommended for sanction
Proposals found in order get recommended for sanction. Once sanctioned, Sanction Letters (Letters of Intent, or LOIs), along with Terms & Conditions, go out to the SCAs/RRBs/Public Sector Banks/NBFC-MFIs for acceptance.
Once the sanction terms are accepted and Prudential…
Once the sanction terms are accepted and Prudential Norms (where applicable) are met, funds are released to the SCAs/RRBs/Nationalised Bank for onward disbursement to beneficiaries.
NSFDC disburses funds on receiving a demand from…
NSFDC disburses funds on receiving a demand from the SCAs/RRBs/Public Sector Banks/NBFC-MFIs. Beneficiaries repay the loan as per the repayment schedule the SCAs/CAs set.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.