1 Micro Finance Scheme (MFS)
NSFDC provides Micro Credit Finance for units costing up to ₹ 1.40 lakh. The salient features of the scheme are as follows:
Maximum Loan Limit
NSFDC provides loans up to 90% of the Project Cost with a maximum amount of up to ₹ 1.25 lakh per unit.
Rate of Interest
NSFDC charges 2.5% from the SCAs/CAs, which in turn shall charge 6.5% from the Beneficiaries.
Repayment Period
To be repaid in quarterly instalments within a maximum period of three years from the date of disbursement, including a 3-month moratorium period.
2 Term Loan
NSFDC provides Term Loans for units costing more than ₹ 1.40 lakh and up to ₹ 50.00 lakh. The salient features of the scheme are as follows:
Maximum Loan Limit
NSFDC provides term loans up to 90% of the project cost, above ₹ 1.25 lakh and up to ₹ 45 lakh per unit.
Rate of Interest
NSFDC shall charge interest @ 4% from the SCAs / CAs, which in turn shall charge 8% from the beneficiaries.
Repayment Period
Repaid in quarterly instalments within seven years, including a 6-month moratorium (12 months for plantation and construction activities).
3 Aajeevika Micro-Finance Yojana
NSFDC provides prompt and need-based micro finance to eligible Scheduled Caste persons at reasonable interest rates through selected NBFC-MFIs to pursue small / micro business activities.
Maximum Loan Limit
NSFDC provides loan up to 90% (i.e. up to ₹ 1.25 lakh) for projects costing up to ₹ 1.40 lakh.
Rate of Interest
NSFDC shall charge interest @ 5% from the NBFC-MFIs, which in turn shall charge 15% from the beneficiaries.
Repayment Period
To be repaid in quarterly installments of up to three years from the date of each disbursement, including a 3-month moratorium period.
4 Udyam Nidhi Yojana (UNY)
NSFDC provides loans under Udyam Nidhi Yojana (UNY) for projects/units costing up to ₹ 5.00 lakh. Loans are provided through Cooperative Societies, Cooperative Banks, and Small Finance Banks (SFBs) to pursue small / micro activities.
Maximum Loan Limit
NSFDC provides loans up to 90% of the project cost i.e. up to ₹ 4.50 lakh.
Rate of Interest
Cooperative Banks/Societies: NSFDC charges 5%, Beneficiary pays 13%.
Small Finance Banks: NSFDC charges 5%, Beneficiary pays 15%.
Repayment Period
To be repaid in quarterly or half-yearly instalments within a maximum period of up to 5 years, including a 3-month moratorium period.
5 Educational Loan Scheme (ELS)
Educational Loan shall be provided to eligible students for pursuing regular full-time professional / technical recognized courses approved by the Government in India or abroad.
| Project Cost (Maximum Loan limit up to 90% of Project Cost) | Interest Rate p.a. for | Repayment Period | Moratorium Period | |
|---|---|---|---|---|
| CAs | Beneficiary | |||
| Education Loan Scheme (Domestic & Abroad) Upto ₹ 40.00 Lakh or 90% of course fee, whichever is less |
2.5% | 6.5% |
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