To make available the facility of collateral free loan for self-employment with Disabilities (PwDs) at NHFDC / Bank’s rate of interest under CGTMSE scheme.
Eligibility of beneficiary:
Any disabled person who fulfils the following criteria is eligible to avail financial assistance –
For Self Employment purpose:
Age between 18 and 60 years and any Indian citizen with 40% or more disability.
For Collateral Free MSE Loans promoted by NHFDC:
Eligibility of Business Activity:
The business activity for which loan is sought should be eligible under CGTMSE
Maximum – Rs. 25.00 Lacs
- For Cash Credit: 25% against stocks & Book Debts up to 90 days only
- For Term Loan/Demand Loan:
30% on land and building
25% on Plant and Machinery
For Educational Loans promoted by NHFDC
Any Indian Citizen with 40% or more disability.
Other parameters are as per General Educational Loan scheme of BOB.