Q.(1) What is NSFDC?
A. 
 NSFDCstands for National Scheduled Castes Finance and Development Corporation. It was set up by the Government of India under Ministry of Social Justice & Empowerment (MOSJ&E) on 8th February, 1989 under Section 25 of the Companies Act, 1956 as a company 'not for profit'.

Q.(2) What is the Contact Address of NSFDC?
A. 
NSFDC has its Head Office at Delhi and its full address and contact number is :- National Scheduled Castes Finance and Development Corporation 14th Floor, SCOPE Minar, Core 1 & 2, Laxmi Nagar, Delhi ? 110 092 Tele: 011-22054392, 22054394, 22054396. Fax: 011-22054395 E-mail : support-nsfdc[@]nic[dot]in Website : www.nsfdc.nic.in It has three Zonal Offices at Mumbai, Kolkata, and Bengaluru.

Q.(3) Why was it established?
A.
 It was established to finance for the economic empowerment of persons belonging to the scheduled castes families living below Double the Poverty Line including their skill upgradation.

Q.(4) What is it's Vission?
A. To be the leading catalyst in systematic reduction of poverty through socio-economic development of Scheduled Castes living below double the poverty line, working in an efficient, responsive and collaborative manner with channelizing agencies and other development partners

Q.(5) What is it's Mission?
A. Promote prosperity among Scheduled Castes by improving flow of financial assistance and through skill development & other innovative initiatives.
 

Q.(6) What is the main objective of NSFDC?
A.NSFDC's main objective is to finance, facilitate and mobilize funds for the economic empowerment of persons belonging to the Scheduled Caste families living below Double the Poverty Line.

Q.(7) Does NSFDC provide loans to all Scheduled Castes persons?
A.
 No NSFDC provides loans only to economically poor sections of Scheduled Castes whose annual family income is below Double the Poverty Line limit (DPL) which is presently upto Rs 98,000/- p.a. for rural areas and upto Rs1,20,000/- p.a.for urban areas.

Q.(8) Is eligibility for loan based on caste and economic criteria alone?
A.
 Yes But, apart from caste and economic criteria, applicant  perferably should  have practical experience or skill and entrepreneurial ability in concerned field so that they can manage their business successfully.

Q.(9) Is priority given to women in loan schemes?
A.
 Yes Out of funds notionally allocated on the basis of SC population, 40% of the total funds have been allocated for women both in physical and financial terms. Interest rebate ranging from 0.5% - 1% is offered to women beneficiaries in certain schemes.

Q.(10) Is there any separate loan scheme for women?
A.
 Yes.There are three exclusive schemes for women beneficiaries i.e. Mahila Samriddhi Yojana, Mahila KisanYojana and Nari Arthik Sashaktikaran Yojana

Q.(11) How does NSFDC provide loan?
A.
 NSFDC provides loan for income generating scheme to target group through its Channalising Agencies namely State Scheduled Castes Development Corporations (SCDCs), Public Sector Banks (PSBs), Regional Rural Banks (RRBs) and other Institutions (As per list given at the end of FAQ).

Different loan schmes of NSFDC

Q.(12) For which activities does NSFDC provide loans?
A.
 NSFDC provides loan for income generating  activities in Agriculture and other allied, industrial , service sector, transfort sector and for professional/Technical education.

Q.(13) What are the different types of loan schemes of NSFDC?
A.
 NSFDC has following Loan Schemes: (i) Term Loan, (ii) Micro Credit Finance, (iii) Mahila SamriddhiYojana, (iv) Mahila KisanYojana (v) Shilpi SamriddhiYojana (vi) Laghu Vyavasaya Yojana (vii) Nari Arthik Sashaktikaran Yojana (viii) Educational Loan Scheme (ix) VETLS (x) GBS (xi) AMY.

Q.(14) What are the activities for which Term loan is provided?
A.
 Some indicative schemes for which Term loan is provided:-

Agricultural Land Purchase Flour Mill Silver Ornaments making
Dairy Footwear Manufacturing Auto-rickshaw
Fisheries Furniture Making Beauty parlour
Goatery Handlooms/Power looms Cyber Cafe
Honey Bee Leather goods manufacturing Departmental Store
Cultivation Leather Processing unit DTP and Computer Centre
Horticulture/Floriculture Readymade Garments Fertilizer Shop
Mulberry farming/Silk Weaving/cocoon production etc Rexine articles making Hardware Shop
Poultry Silk reeling Unit Medical Shop
Power Tiller Tailoring Shop Photography/Videography
Sheep Farming Tractor/Tent House Steel Fabrication

Q.(15) What are the activities for which Micro Credit Finance is provided?
A.
 Some indicative schemes for which Micro Credit Finance are provided:-

Betel leaf shop Bakery Candle Making
Cycle repair Goatery Beauty parlour
Vegetable Vending Incense Stick making Fish Vending etc
Milch animal Papad manufacturing Pickle Manufacturing
Tea Shop    

Q.(16) What are the activities for which Mahila Samriddhi Yojana loan is provided?
A.
 Some indicative schemes for which Mahila Samriddhi Yojana are provided:-

Cloth Shop Mini Dairy Tea Shop
Bangles Shop Beauty Parlour Papad making
Basket making Batik Printing Broom making

Q.(17) What are the activities for which Mahila KisanYojana loan is provided?
A.
 MahilaKisanYojana loans are provided exclusively to rural women beneficiaries for undertaking schemes in Agriculture and/or Mixed Farming activities such as Vegetable growing, Floriculture, Dairy, Poultry, any other farming activities etc.

Q.(18) What are the eligibility criteria of Mahila KisanYojana?
A.
 In MahilaKisanYojana, land should be in the name of women beneficiary or joint name with her husband. If the agriculture land is only in the name of husband then he should not be the beneficiary of NSFDC, and he should not have any objection to his spouse taking up any economic activity on that land.

Q.(19) What are the eligibility critiera of Shilpi Samriddhi Yojana?
A.
 Under Shilpi Samriddhi Yojana , NSFDC provide Financial Assistance to eligible beneficiaries who are artisans and possess Artisans identity Card issued by Development Commissioner (Handicrafts), Ministry of Taxtile , Government of India or State Government and has requirement of funds.

Q.(20) What is Laghu Vyavasaya Yojana?
A.
 The objective of Laghu Vyavasaya Yojana is to cater to the needs of more & more beneficiaries taking up small business activities with a higher investment.

Q.(21) Does NSFDC have a scheme to support single women/widows/women who are head of their families?
A.
 Yes. NSFDC has a scheme called Nari Arthik Sashaktikaran Yojana (NASY) to support single women/widows/women who are head of their families to take up income generating activities and improve their socio-economic status.

Q.(22) What is the quantum of loan available under NASY?
A.
 Under the NASY, NSFDC would provide loans to eligible women under any scheme of NSFDC without insisting own promoter contribution and after taking into account margin money being provided by Channelizing Agencies and subsidy to below poverty line beneficiaries @ 10,000/- or 50% of unit cost, whichever is less.

Q.(23) Is there any provision under NASY for hand holding grant to the beneficiaries?
A.
 Yes. There is a provision of 2% of the loan amount as grant for hand holding activity for the beneficiaries covered under the scheme of NASY subject to maximum of Rs.4,000/- per unit.

Q.(24) Are the beneficiaries of NASY given further loan to expand their business?
A.
 Yes. The beneficiaries would be eligible to avail further assistance for expansion of business after 2 years of availment of first loan provided the repayment is regular.

Q.(25) What is the rate of interest of loan available under NASY?
A.
 Under the NASY 1% perannum is charged to the SCA/CA and  inform, SCA/CA shall charge 4% per annum from beneficiaries.

Q.(26) What is the repayment period of loans given under NASY?
A.
 The loans under NASY are to be repaid in quarterly installments within a maximum period of upto 10 years including moratorium period. The actual repayment period would be based on a nature of economic activity and income generation.

Q.(27) If anyone has agricultural land but doesn?t have irrigation facilities then can he/she get loan for irrigation?
A.
 Yes. Loans can be availed for irrigation implements such as Bore well, Sprinkler, drip etc for irrigation on purpose on unirrigated farmland.

Q.(28) How much amount of loan can be availed in these Schemes and what is interest rate?
A.
 In the following tables cost of project, amount of loan and interest rate in these schemes are shown below:-

S. No. Project Project/Unit Cost Limit of Loan (% of Project/Educational Cost) Interest rate @ p.A.

 

        From SCA/CA From Beneficiary
1. Term Loan Scheme        
  A Projects costing up to Rs 5.00 lakh 90% 3% 6%
  B Projects costing above Rs 5.00 lakh and up to Rs10.00 lakh 90% 5% 8%
  C Projects costing above Rs 10.00 lakh and upto Rs20.00 lakh 90% 6% 9%
  D Projects costing above Rs 20.00 lakh and upto Rs30.00 lakh 90% 7% 10%
2. Micro-credit Finance Upto Rs. 50,000/- 90% 2% 5%
3. Mahila Samriddhi Yojana Upto Rs. 50,000/- 90% 1% 4%
4. Mahila Kisan Yojana Upto Rs. 50,000/- 90% 2% 5%
5. Shilpi Samriddhi Yojana Upto Rs. 50,000/- 90% 2% 5%
6. Laghu Vyavasaya Yojana Upto Rs 3.00 lakh 90% 3% 6%
7. Nari Arthik Sashaktikaran Yojana Under any NSFDC Scheme norms. 90% 1% 4%
8. Educational Loan Scheme upto Rs 10.00 lakh (for studies within India) 90% Male 1.5% 4.0%
    Female 1.0% 3.5%
upto Rs 20.00 lakh (for studies abroad) 90% Male 1.5% 4.0%
    Female 1.0% 3.5%
9. Vocational Educational Training Loan Scheme  Courses duration up to 2 years. 100% Male 1.5% 4%
10. GBS Upto Rs. 2.00 lakh 90% Upto Rs. 1.00 lakh 1% 3%
         Rs. 1.00 to 2.00 lakh 2% 5%
11 AMY Upto Rs. 60,000 90% Male 5% 13%
        Female 4% 12%

Q.(29) Do applicants have to invest their own capital also?
A.
 In order to ensure applicant's stake in the project, the applicant is expected to invest his share in the Term Loan Scheme. Norms for promoter?s contribution in Term Loan are as under:-

S.No. Project/Unit Cost Minimum Promoter?s (Applicant's)
Contribution as % of Project/Unit Cost
(i) Projects costing upto Rs 1.00 lakh Not to be insisted upon.
(ii) Projects costing above Rs 1.00 lakh
and upto Rs 2.50 lakh
2%
(iii) Projects costing above Rs 2.50 lakh
and upto Rs 5.00 lakh
3%
(iv) Projects costing above Rs 5.00 lakh
and upto Rs 10.00 lakh
5%
(v) Project costing above Rs 10.00 lakh
and upto Rs 20.00 lakh
7%
(vi) Project costing above Rs 20.00 lakh
and upto Rs 30.00 lakh
10%

Q.(30) Does repayment of installments start just after disbursement of loan?
A.
 No. The principal repayment does not start immediately after disbursement. This facility is extended to beneficiaries to give them time to stabilize themselves in the business. Generally, principal repayment starts after a moratorium period of 3 to 12 month based on type/nature of business. However, repayment of interest starts soon after disbursement and there is no moratorium on repayment of interest.

Q.(31) What is repayment period?
A.
 Scheme-wise repayment period is as follows:-

S.No. Scheme of Loan Repayment period (Maximum) Installment
1 Term Loan Scheme Upto 10 years quarterly/half yearly/
yearly installments
2 Micro Credit
Finance Scheme
Upto 3 years quarterly installments
3 Mahila Samriddhi
Yojana
Upto 3 years quarterly installments
4 Mahila Kisan
Yojana
Upto 10 years quarterly installments
5 Shilpi Samriddhi
Yojana
Upto 5 years quarterly installments
6 Laghu Vyavasaya
Yojana
Upto 6 years quarterly installments
7 Nari Arthik
Sashaktikaran
Yojana
Upto 10 years quarterly installments
8 Educational Loan
Scheme

Upto 10 years
(for loan upto Rs. 7.50 lakh)
Upto 15 years
(for loan above Rs. 7.50 lakh)

quarterly installments
9 Vocational
Educational
Training Loan
Scheme

Upto 5 years
(for loan upto Rs. 1.00 lakh)
Upto 7 years
(for loan above Rs. 1.00 lakh)

quarterly installments
10 GBS Upto  6 years quarterly installments
11 AMY Upto 3 years quarterly installments

Q.(32) Can multiple loans be taken from NSFDC?
A.
 Status for availing second time loan:-

S.No. Scheme of Loan Status for availing second time loan
1 Term Loan Scheme Yes. Upon repayment of Term loan for units
costing upto Rs.2.00 lakh, second loan can be
taken.
2 Micro Credit
Finance Scheme
Yes. Upon repayment of earlier loan   second loan can be taken.
 
3 Mahila Samriddhi Yojana Yes. Upon repayment of Term loan for units
costing upto Rs.2.00 lakh, second loan can be
taken.
4 Mahila Kisan Yojana Yes. Upon repayment of Term loan for units
costing upto Rs.2.00 lakh, second loan can be
taken.
5 Shilpi Samriddhi Yojana Yes. Upon repayment of Term loan for units
costing upto Rs.2.00 lakh, second loan can be
taken.
6 Laghu Vyavasaya
Yojana
Yes. Upon repayment of Term loan for units
costing upto Rs.2.00 lakh, second loan can be
taken.
7 Nari Arthik Sashaktikaran
Yojana
Yes. Upon repayment of Term loan for units
costing upto Rs.2.00 lakh, second loan can be
taken.
8 Educational Loan
Scheme
No. Second loan can not be  given after first loan.
9 VETLS  
10 GBS Yes. Upon repayment of earlier loan   second loan can be taken
11 AMY Yes. Upon repayment of earlier loan   second loan can be taken

Q.(33) What is the procedure to apply for NSFDC loan?
A.
 The applicants should contact the Channelizing Agencies if they wish to avail NSFDCs loans. The applicants are required to submit application in NSFDC's format with details of business and copies of caste, income and experience etc. at the channelising agency office. 

Q.(34) Does NSFDC provide loan for Passenger/Goods Vehicles also?
A.
 Yes. Under service sector ,NSFDC provides loan for different types of vehicles such as Autorikshaw, Jeep, Car, Taxi, Tractor, Pick-up Van, small commercial vehicle, Mini buses etc. These loans are given only for applicant's self driving. Commercial driving license, permit must be in the name of applicants for these loans. One person is given loan for one vehicle only. Beneficiary can select model of vehicle as per their choice.

Q.(35) Can a beneficiary choose the schemes of his/her preference?
A.
 Yes. Beneficiary can select scheme according to his/her choice. They have to keep in mind their skill, efficiency, local needs, infrastructure while selecting the business activity.

Q.(36) For which Educational courses, the Educational Loan is provided by NSFDC?
A.
 The Educational Loan is provided for the courses run by the recognized Educational Institutions. Presently, it is provided for pursuing following full time professional/technical courses:-
1. Full time Professional/Technical courses in the fields of Engineering, Medical, Dental, Management, Information Technology, Hotel Management, Architecture, Physiotherapy, Bio-Technology, Law, Education, Journalism etc.
2. Professional courses like CA/ICWA/CS/AMIE/FIA/IETE.
3. Higher education like Doctoral Studies leading to M.Phil/PhD from recognized institutions.

Q.(37) What does NSFDC do apart from giving loan?
A.
 Apart from giving loan, NSFDC sponsor Skill Developmentr Training Programme in emerging areas through reputed Training Institutions to educated unemployed youths of the target group. NSFDC provides 100% grant to Training Instituties for these programmes.

Q.(38) Is any stipend given to trainees in these training programme?
A.
 Yes. During the training Programmes, stipend @ Rs 1,500/- per month is paid to each trainee to enable them to meet their incidental expenses.

Q.(39) In which area Skill training is provided?
A.
 Some indicative Schemes for Skill training are as following :-

  • Certificate Course in Hardware and Networking.
  •  Garment Construction Course
  •  CNC Milling Programming and Operation.
  •  CAD using Auto CAD
  •  Plastic Injection Machine Operator.
  •  Pattern Cutting Master Course.
  •  Diploma in Hardware & Networking.
  •  Fruit Processing
  • CNC Lathe Machine Operator
  •  CNC Turning Programming and Operation
  •  Soft Toys making.
  •  Certificate Course in MS Office and Internet.
  • Sewing Machine Operator Course
  •  Welding and Fabrication, Electrician etc.
  •  Repairing of Refrigerator and Air Conditioner.
  • Automobile Repairs and Servicing
  • Beauty Parlour, Nursing,
  • Laboratory Technician
  • Certified Electronic Assembly
  • Operator.
  • Machine Mechanic CourseDesk top
  • Publishing and MS Office
  • Entrepreneurship Development
  • Programme.
  • Mobile Phone Repairs
  • Motor Rewinding
  • Photography and Videography
  • Plastic Extrusion Machine Operator
  •  Production Supervisor and Quality Control
  • Repairing & Maintenance of Diesel Engine & Power Tiller

Q.(40) What type of facilities is provided to beneficiaries after skill training?
A.
 Placement assistance is provided to the beneficiaries after skill training by the respective Training Institution. Also trainees who would like to setup their own ventures are provided free entrepreneurial guidance and the procedure to apply for the loan schemes of NSFDC.

Q.(41) What is the procedure to get skill training sponsored through NSFDC?
A.
 Information as Skill Development Training Programmes is published in local newspaper from time to time. The Skill Development Training Institute offering NSFDC sponsored skill training programmes have a well defined selection procedure. 

Q.(42) Does NSFDC have any scheme for providing loan to pursue Vocational courses upto 2 years duration?
A.
 Yes. NSFDC has a Vocational Education and Training Loan Scheme (VETLS) launched w.e.f. 8.2.2014 to provide loan to eligiable SC persons for pursuing vocational education and training courses  upto 2 years duration.

Q.(43) What is the critical eligibility under the scheme?
A.
The  eligibility under the scheme,are as under;

(i) The person should be from a Scheduled Caste community;

(ii) The annual family income of the person should be below the Double the Poverty Line (presently annual family income upto  Rs.98,000/- for rural areas and Rs.1,20,000/- for urban areas).

(iii) The person should have secured admission in a course run or supported by a Ministry/Deptt./Organization of the Government or a Company/Society/Organization supported by National Skill Development Corporation or State Skill Missions/State Skill Corporations, preferably leading to a Certificate/Diploma/Degree etc. issued by a Government Organization or an Organization recognized/authorized by the Government to do so.

Q.(44) What is the course eligibility?
A.
 The course eligibility is for Vocational Education & Training courses of duration  upto two years, run or supported by a Ministry/Department/Organization of the Government or a Company/Society/Organization supported by National Skill Development Corporation or State Skills Mission/State Skill Corporations preferably leading to a Certificate/Diploma/Degree etc. issued by a Government Organization or an Organization recognized/authorized to do so.

Q.(45) What is age criterian?
A.
 In this scheme, there is no specific restriction with regard to the age of the trainee to be eligible for the loan. However, if the trainee is minor, while the parent executes documents for the loan, the channelizing agency shall obtain a letter of ratification from him/her upon attaining majority. The upper age limit could be decided by the channelizing agency and if a person is unemployed and upto 50 years of age, and desirous of undergoing the Vocational Education & Training, he/she could be considered on case to case basis.

Q.(46) What are the expenses considered in the VETLS?
A.
 The following expenses are considered under the scheme ;

  •  Admission/Tuition fee.
  •  Examination, Library, Laboratory Fee,
  •  Caution Deposit.
  •  Purchase of Books, Equipments, Instruments.
  •  Boarding & Lodging
  •  Insurance for loan amount.
  •  Any other reasonable expenses found necessary for completion of the course certified by Vocational Education & Training Institute.

Q.(47) What is the quantum of finance available?
A.
 The quantum of finance is as under; Need based finance to meet 100% expenses on components subject to the following ceilings;

  • For courses of duration  upto : Upto Rs.1,50,000/- two years.

Note : In case of cost over-run, it shall be borne by beneficiary.

Q(48) What is the rate of interest on the loan?
A. 
NSFDC shall charge interest @ 1.5% per annum from the Channelising Agency which, in turn, shall charge 4% per annum from the beneficiaries. In case of women, an interest rebate of 0.5% shall be provided.

Q.(49) Is there any moratorium period for the repayment of loan?
A.
 Yes. The moratorium period is six months from completion of courses or getting employment, whichever is earlier.

Q.(50) What is repayment period of the loan?
A.
 The loan shall be repaid in quarterly instalments including the applicable moratorium period of six months.

For Loan upto Rs. 1.00 lakh   -   upto  5 years
For Loan above Rs. 1.00 lakh -    upto 7 years

Q.(51) Is these  any pre-payment charges for loan ?
A.
 No. The borrower can repay the loan any time after commencement of repayment of loan. No pre-closure charges shall be insisted fom borrower in case of early repayment of loan.

Q.(52) Will the loan be provided if the courses have started prior to 8.2.1204?
A.
 No. The courses should have started after the date of introduction of the scheme i.e. w.e.f. 8.2.2014.

Q.(53) What is the objective of Green Business Scheme?

A. To provide financial assistance in the form of loan for the  activities  which could tackle the climate change alogwith income generation

Q.(54) What  are the activities for which loan under Green Business Scheme is provided?

A. Some of the indicative schemes for which loan under Green Business Scheme is provided are ;

  • E-rickshaw
  • Polyhouse
  • Solar Energy gadgets
  • Compressed Air vehile

Q. (55) What is the objective of  Ajeevika Microfinance Yojna?

A. To provide  prompt and new based Micro-Finance to eligible target group through Non-Banking Finacial Institution -Micro Finance Institution (NBFC-MFI) to pursue small/micro business activites.

Q.(56)  In case there is a grievance/complaint, regarding NSFDC's loan, who do we contact?
A. 
In case of any grievance/complaint regarding NSFDC loans, the following officers may be contacted:-
(i) The Grievance Redressal Officer, NSFDC, Delhi. The grievance may be sent online through Centralized Public Grievances, Redressal and Monitoring System (CPGRAMS) [website : www.pgportal.gov.in ]
(ii) The Chief Vigilance Officer(CVO), NSFDC, Delhi.
(iii) The Chairman cum Managing Director, NSFDC, Delhi.

Managed by: Ratikanta Jena (ratikantajena2005@yahoo.co.in)
on 09 November, 2016