Loan Based Schemes For Safai Karamchari – General Term Loan (GTL)

Safai Karamcharis (including waste pickers), identified Manual Scavengers,…

Safai Karamcharis (including waste pickers), identified Manual Scavengers, and their dependents.

Registered co-operative societies of Safai Karamcharis

Registered co-operative societies of Safai Karamcharis.

A legally constituted association/firm set up by the…

A legally constituted association/firm set up by the target group, and

Anyone who furnishes a certificate from the local…

Anyone who furnishes a certificate from the local Revenue Officer/Municipal Officer/Cantonment Executive Officer/Railway Officer, the head of a Government Department (Schools, Colleges, Forest, Health, Education, Animal Husbandry, etc.) of at least Gazetted Officer rank, an Elected Member of a Municipal Body, a Pradhan of a Gram Panchayat, or a Regional Manager of an RRB/Nationalised Bank.

That said, under the MS Act, 2013, anyone…

That said, under the MS Act, 2013, anyone identified as a Manual Scavenger in a survey need not furnish any certificate once their name appears in the final list of Manual Scavengers prepared by the State Government/Union Territory Administration. (https://nskfdc.nic.in/en/content/home/ms-survey-2018, https://nskfdc.nic.in/en/node/79798). 1. There is no fixed income ceiling for this financial assistance; other factors being equal, though, NSKFDC gives priority to the economic development and rehabilitation of –
scavengers, and among them those whose income falls below double the poverty line;
women from within the target group; and
persons with disabilities from within the target group.

Beneficiaries can obtain a term loan for viable…

Beneficiaries can obtain a term loan for viable income-generating activities, sanitation-related work included.

Projects are funded under the scheme up to…

Projects are funded under the scheme up to a maximum cost of ₹15,00,000/-.

The General Term Loan can cover as much…

The General Term Loan can cover as much as 90% of the unit cost Loans up to ₹15,00,000/- carry an interest rate of 4.5% per annum chargeable to the SCA and 9% per annum chargeable to the beneficiary. Promoter's Contribution:
No promoter's contribution is required for projects costing up to ₹2,00,000/-.
Beyond ₹2,00,000/-, the beneficiary must contribute at least 5% of the project cost.
The SCA must contribute 5% as well.
The remaining 10% of the unit cost comes from SCAs, through a loan, subsidy, promoter's contribution, or any other available funding source. Repayment Period:
Repayment can be spread over as much as 10 years.
It begins after a 4-month implementation period and a 6-month moratorium.
The repayment period is reckoned from the date the loan was disbursed.
How long repayment takes depends on the unit's viability, profitability, and repayment capacity. Mode of Disbursement: Term loans reach beneficiaries through:
State Channelising Agencies (SCAs)
Regional Rural Banks (RRBs)
Nationalised Banks

The applicant's Aadhaar card (this is not mandatory)

The applicant's Aadhaar card (this is not mandatory)

A certificate confirming the applicant's occupation

A certificate confirming the applicant's occupation