Term Loan Scheme (TERM LOAN)

NSFDC offers loans for various businesses having investment limit up to Rs. 5 Lakh as a part of this scheme. Loan repayment period will be as per the decision of NSFDC which will be up to 5 years. The rate of interest on the loan amount of NSFDC would be 6% and the interest rate on the corporation's loan amount would be 4%. Corporation’s loan is to be repaid while repaying the loan of NSFDC.

Short Term Finance Scheme (MCF)

Under NSFDC scheme, Short Term Finance Scheme has been implemented since 2000-01. Under this scheme of NSFDC, term loan amount of Rs. 40,000 along with corporation grant of Rs. 10,000 amounting to maximum of Rs. 50,000 is given to the beneficiary of small scale industries. 50% beneficiaries from the urban area and 50% from the rural areas are benefitted with this scheme with the interest rate of 5% per annum.

Women's Prosperity Scheme (MSY)

This scheme is being implemented by the corporation since 2004-05. It is implemented from the funds received by NSFDC. Under this scheme, total benefit of Rs. 50,000 is given per beneficiary - NSFDC term loan of Rs. 40,000 plus corporation of grant Rs. 10,000. This scheme is implemented only for the economic development of women beneficiaries. Priority is given to the survivors, widows etc for the actual benefit of this scheme. ( 50% urban women and 50% rural women are given benefit of this scheme with an interest rate of just 4% per annum). To get the financial assistance from this NSFDC scheme, the beneficiaries are selected from the lottery method. The income limit for Urban women is Rs. 1,03,000 and for rural women is Rs. 81,000 (GR - Makawa - 2013 / Pra. Kra. 149 dated 14th May, 2012)

Women's Farmer Scheme (MKY)

In association with NSFDC, Delhi this scheme is implemented only for the women belonging to rural areas. The main condition of this scheme is to have a land in the name of the applicant or the member of the family. Maximum project cost is Rs. 50,000 (Rupees Fifty Thousand only) out of which NSFDC, Delhi’s contribution is of Rs. 40,000 (Rupees Forty Thousand only) and corporation's grant is Rs. 10,000 and the interest rate is 5%.

EDUCATION LOAN

The purpose of the loan -

An educational loan scheme is implemented by the corporation for the courses which are affiliated & offered by the University & does not avail scholarships / education fees / examination fees from the Department of Social justice. The following items which are required to meet the academic curriculum will be included in the loan -

1. Admission fees and teaching fees

2. Books, stationery and other essential items required for the syllabus

3. Examination fees

4. Accommodation and food expenses

5. Insurance policy as a guarantee of repayment of loan if the applicant dies or gets handicapped before the loan repayment.

6. Provision for the cost of the travel expenses and the expenditure for the period of education, while studying abroad.

7. The future expenses (caution money) and development fund etc.- The student should take admission in the government education institute. Once the Corporation ensures the same, the amount of educational loan will be disbursed to the concerned institution on their name. In case of foreign educational institutions, these institutions should have received University approval.

Eligibility -

1. Students should be from the Scheduled Caste of Matang Society or its 12 sub-casts.

2. Professional / Technical

Loans will be distributed to eligible students through Indian and foreign government established educational institutions. -

1. Engineering (Diploma / BE / ME / B.Tech / M.Tech)

2. Architect (B. Arch / M. Arch)

3. Medical (M.B.B.S./ MD / MS / B.A.M.S./ B.H.M.S.)

4. Biotechnology / Micro Biology / Clinical Technology (Degree / Diploma)

5. Pharmacy (B.Pharma / M. Pharma)

6. Dentists (BDS / MDS)

7. Physiotherapy (B.Sc / M.Sc)

8. Pathology (B.Sc / M.Sc)

9. Nursing (B.Sc/M.Sc)

10. Information Technology (BCA / MCA)

11. Management (BBA / MBA)

12. Hotel Management and Catering Technology (Diploma / Degree / High Degree)

13. Law (LLB / LLM)

14. Education (CT / NTT / B.Ed. / M.Ed.)

15. Physical Education (CT / NTT / B.P.Ed. / M.P.Ed.)

16. Journalism and Mass Communication (Degree / High Degree)

17. Aeronautical Training (Diploma / High Degree)

18. MidWife (Midget) (Diploma)

19. Laboratory Technician (Diploma)

20. Annual Income Limit - Rs. 4.50 lakh

In addition to the above degree-diploma courses, some vocational courses have been included in this scheme, which are as follows -

1. Chartered Accountancy (C.A.)

2. Cost Accountancy (ICWA)

3. Company Secretaries (CS)

4. Actuarial Sciences (Degree/ Higher Degree / B.Sc / M.Sc)

5. The Associate Member of Institute of Engineers and Institute of Electronics and Telecommunication applicants must obtain official admission for the above courses. Higher education eg. For admission to M.Phil / PhD it is mandatary to get the official admission through renowned and recognized institution.

Loan Limit -

1. For domestic course, the amount is Rs. 10 Lakh

2. For the foreign curriculum, the amount is Rs. 20 Lakh. NSFDC will provide 90% loan amount on the total academic fee of that particular year for domestic courses and Rs. 3.75 lakhs per year for the foreign courses. Total tenure of the course will be average 4 year. Interest rates for this loan amount will be 5% and in case of female applicant, it will be 4%.

Note -

The beneficiary himself/herself should take the loan proposal to the office of the Corporation. The Corporation has not appointed any agent for this.