Scheme under which benefitted - Term Loan 

Shri Sunil Kumar from Bandal Post, Nauhardhar- Kangra, Himachal Pradesh, 27 years old belongs to very economically backward class. He has to support himself and his family with meager income and hence the basic needs of life i.e. food, clothing and shelter was out of reach of Shri Sunil Kumar. Sh. Sunil Kumar was unemployed and finding it hard to manage his family. He heard about the term loan scheme of NSFDC from his friend.

He applied and received a term loan amount of Rs. 3,50,000/- in 2009 that enabled him to start steel shuttering business. His annual income increased from Rs 35,000/- to Rs 90,000/-. The loan repayment period of five years was allotted to him. He paid 47 installments @ Rs. 6,500/- per installment and ther are only 13 installments due.

He took up the steel shuttering work in stipulated time limit and that helped his business to move forward. His income has gradually increased and there have been positive changes in monthly expenditure pattern of his family. He is now able to spend more money on medical care, education for his family.

Managed by: Sapan Barua (sapanbarua7@gmail.com)
on 22 November, 2021