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Different Types of Loans &

It's Requirements

National Backward Classes Finance & Development Corporation (NBCFDC)


provides advance for implementation of schemes. For Term Loans NBCFDC fund is
utilised @85% and for Micro Finance @90%.

Whether
Maximum Beneficia Repayment
Sl. Type of Rate of Guarantor
Project ry's time & Eligibility/ Requirement
No. Loan Interest required or
Cost share duration
not

Age: 18-50 years,


OBC Certificate issued by
SDO or any other competant
authority,
Clearance by district-level 3-
Yes, by a
Term Loan

20 Quarterly member Committee,


Govt.
instalments, Execution of Declaration,
employee or
1 Rs. 5 lakh 5% 6% applicable from Agreements etc. after
6th month of employee of
Provisional sanction
disbursement. Govt. aided
accorded.
organization
20 post-dated Cheques of
instalment amount drawn in
favour of WB Backward
Classes Development &
Finance Corporation.
New Swarnima

Yes, by a
40 Quarterly Same as above, except that
Govt.
instalments, this scheme is for WOMEN
employee or
2 Rs. 50,000 0 4% applicable from only, number of post-dated
6th month of employee of
Cheques 40 to be remitted in
disbursement. Govt. aided
10 years.
organization
Ne Akanksha (Education Loan)

20 Quarterly For students pursuing higher


instalments, education in professional
applicable from course, high ranking in joint Yes, by a
6th month of admission test and qualifying Govt.
completion of
for admission to institutions employee or
3 Rs. 5 lakh 5% 4% course or
employment with high placement records. employee of
including self- Disbursement to the Govt. aided
employment, Institution. organization
whichever is Repayable in 20 quarterly
earlier.
instalments.

Each SHG will have 10-20


members, male or female or
both. 70% of members
belong to OBC.
Micro Finance for SHG

Heads of local self Govt may


certify on caste and income.
Rs. 25000 12 Quarterly Municipality or BDO may
instalments, No
per sponsor directly under
4 5% 5% applicable from Guarantor
member in 6th month of intimation to district
required
the SHG disbursement. authority.
Declaration, agreement etc
to be executed by the SHG
after provitional sanction.
12 post-dated Cheques are
to be deposited with the
instalment amount.
Each SHG will have 10-20
members, ONLY female,
ALLmembers belong to
Mahila Sammriddhi Yojana

OBC.
Heads of local self Govt may
certify on caste and income.
12 Quarterly Municipality or BDO may
instalments, No
sponsor directly under
5 As above 0 4% applicable from Guarantor
6th month of intimation to district
required
disbursement. authority.
Declaration, agreement etc
to be executed by the SHG
after provitional sanction.
12 post-dated Cheques are
to be deposited with the
instalment amount.

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